During January, its first month of operations, Dieker Company accumulated the following manufacturing costs: raw materials purchased
Question:
During January, its first month of operations, Dieker Company accumulated the following manufacturing costs: raw materials purchased $4,000 on account, factory labor $6,000, and utilities payable $2,000. Using the format shown in Illustration 12.6, record the company’s manufacturing costs in its job order costing system. Record the assignment of raw materials costs.
Data From Illustration 12.6
Transcribed Image Text:
MANUFACTURING COSTS Manufacturing Overhead Raw Materials Factory Labor Inventory Purchased raw materials (1) +$42,000 Incurred factory labor (2) Factory utilities (3) Factory insurance (3) +$32,000 +$4,800 +2,000 Factory repairs (3) +2,600 Factory depreciation (3) +3,000 Factory property taxes (3) +1,400 Balance $42,000 $32,000 $13,800
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
Manufacturing Costs Raw Materials In...View the full answer
Answered By
Cristine kanyaa
I possess exceptional research and essay writing skills. I have successfully completed over 5000 projects and the responses are positively overwhelming . I have experience in handling Coursework, Session Long Papers, Manuscripts, Term papers, & Presentations among others. I have access to both physical and online library. this makes me a suitable candidate to tutor clients as I have adequate materials to carry out intensive research.
4.90+
1538+ Reviews
3254+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
During January, its first month of operations, Alomar Tool & Die accumulated the following manufacturing costs: raw materials $4,000 on account, factory labor $5,000 of which $4,200 relates to...
-
During January, its first month of operations, Knox Tool & Die accumulated the following manufacturing costs: raw materials $4,000 on account, factory labor $6,000 of which $5,200 relates to factory...
-
During January, its first month of operations, Lang Tool & Die accumulated the following manufacturing costs: raw materials $4,000 on account, factory labor $5,000 of which $4,200 relates to factory...
-
An examiners close inspection of the annual financial statements and the accounting records revealed that Mawani Inc. may have violated some accounting principles. The examiner questioned the...
-
For the system in Problem P13.4, let r(r) be a unit step input and calculate the response of the system by synthetic division.
-
An ammeter needle is deflected 52.00 by a current of 0.2500 A. The needle is 3.750 in. long, and a circular scale is used. How long is the scale for a maximum current of 1.500 A?
-
Triumph Corporation is preparing its statement of cash flows by the indirect method. Triumph has the following items for you to consider in preparing the statement. Identify each item as an -...
-
Both a call and a put currently are traded on stock XYZ; both have strike prices of $50 and expirations of 6 months. What will be the profit to an investor who buys the call for $4 in the following...
-
What is the cost impact of the short-term trading on the Japanese Equities Fund during August 1997? Identify and quantify (in basis points),various categories of costs that result from short-term...
-
Select which approach you would use (direct or indirect) for the following negative messages. 1. An email message to your boss, informing her that one of your key clients is taking its business to a...
-
During January, its first month of operations, Dieker Company accumulated the following manufacturing costs: raw materials purchased $4,000 on account, factory labor $6,000, and utilities payable...
-
Greetings Inc., a nationally recognized retailer of greeting cards and small gift items, decides to employ Internet technology to expand its sales opportunities. For this case, you will employ...
-
Red Centre uses the FIFO inventory cost flow assumption. It includes the following amounts in the company's financial statements: The company sells only one product, and purchases and sales are made...
-
A company reports the following income statement and balance sheet information for the current yea Net income Interest expense Average total assets $502,100 113,500 3,800,000 Determine the return on...
-
feelings about socialism as a way to run the economy vs. capitalism. , please make sure about the understanding about what socialism is and what capitalism is. Consider these questions in comments:...
-
On January 1, 2013, Industria Fonseca SA takes a piece of equipment on lease with Arrendadora del Norte, under the following conditions: 1. The contract is for five years, non-cancelable, 2. Equal...
-
For an algorithm that finds X in a pre-sorted array: int Search(int[] data, int x) { for (int i = 0; i < n; i++) { if(data(i)==x) return i; } return -1; } Create an algorithm that performs better...
-
During 2 0 2 4 , its first year of operations, Baginski Steel Corporation reported a net operating loss of $ 3 6 0 , 0 0 0 for financial reporting and tax purposes. During 2 0 2 5 , Baginski reported...
-
Ho Designs experienced the following events during 2018, its first year of operation: 1. Started the business when it acquired $70,000 cash from the issue of common stock. 2. Paid $41,000 cash to...
-
Imagine that your best friend knows you are taking a psychology course and wonders what psychology is all about. How would you define psychology for your friend? Write an essay on the discipline of...
-
The trial balance of LaGrace Company includes the following balance sheet accounts. Identify the accounts that might require adjustment. For each account that requires adjustment, indicate (1) The...
-
The adjusted trial balance of Hanlon Corporation at December 31, 2012, includes the following accounts: Retained Earnings $17,200; Dividends $6,000; Service Revenue $32,000; Salaries and Wages...
-
Partial adjusted trial balance data for Hanlon Corporation are presented in BE4- 10. The balance in Retained Earnings is the balance as of January 1. Prepare a retained earnings statement for the...
-
Obtain the general solution to the equation. dy (x+36) x+xy = 5x, y(0) = 4 The general solution is y =
-
A regular octagon has sides of 60 cm. Use your knowledge of composite figures to find the area of this octagon.
-
Delray Manufacturing needs to better budget and analyze costs. While Delray has experienced high sales growth, it has struggled to effectively manage costs and Inventories. Delray alms to end each...
Study smarter with the SolutionInn App