Question: A materials requisition slip showed that direct materials requested were $65,000 and indirect materials requested were $8,000. The entry to record the transfer of materials

A materials requisition slip showed that direct materials requested were $65,000 and indirect materials requested were $8,000. The entry to record the transfer of materials from the storeroom is

Select one:

A.Work In Process Inventory

65,000

Raw Materials Inventory

65,000

B.Direct Materials

65,000

Indirect Materials

8,000

Work in Process Inventory

73,000

C.Manufacturing Overhead

73,000

Raw Materials Inventory

73,000

D.Work In Process Inventory

65,000

Manufacturing Overhead

8,000

Raw Materials Inventory

73,000

E.None of the above.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

A materials requisition slip showed that direct materials requested were $65,000 and indirect materials requested were $8,000. The entry to record the transfer of materials from the storeroom is...

Benson Inc's accounting records reflect the following inventories: Dec. 31. 2012 Dec. 31. 2020 Raw materials inventory $ 100,000 $ 80.000 Work in process inventory 130,000 145,000 Finished goods...

When a job is completed and all costs have been accumulated on a job cost sheet, the journal entry that should be made is Finished Goods Inventory Direct Materials Direct Labor Manufacturing Overhead...

A materials requisition slip showed that direct materials requested were $65,000 and indirect materials requested were $8,000. The entry to record the transfer of materials from the storeroom is...

When a job is completed and all Version accumulated on a job cost sheet, the costs have been 5. journal entry that should be made is A) Work In Process Inventory Direct Materials Direct Labor...

22. A materials requisition slip showed that direct materials requested were $65,000 and indirect materials requested were $8,000. The entry to record the transfer of materials from the storeroom is...

18. Which of the following is not included in conversion costs? a. Factory Overhead. b. Direct Labor. Direct Materials. Indirect Labor. 19. The two basic types of cost accounting systems are: job...

Please help me answer this, And dont answer it unless: 1) answering all the questions 2) writing the full steps with it Thanks, Job order Exercises 2. Which one of the following best describes a job...

20. The labor costs that have been identified as indirect labor should be charged to A) salary expense. B) direct labor. C) the individual jobs worked on. D) manufacturing overhead 21. Penner Company...

Need solutions. Thanks Winter Company incurred direct materials costs of $500,000 during the year. Manufacturing overhead applied was $150,000 and is applied at the rate of 75% of direct labor costs....

Think about a time when you experienced a cultural collision as a result of miscommunication (or another example that you are aware of). How did the different cultures (people) attempt communicate...

If the company borrowed a loan, let's say $50,000, at an interest rate of 5%, does this loan increase the company's share price by applying the rule of financial leverage? Is it possible to...

On average, a woman who smokes will die about how many years earlier than she would have if she hadn't smoked? Group of answer choices 4 8 1 5 3 0

(a) Two protons in a molecule are separated by 3.80 x 1010 m. Find the electric force exerted by one proton on the other. (b) How does the magnitude of this force compare to the magnitude of the...

(a) Calculate the number of electrons in a small, electrically neutral silver pin that has a mass of 10.0 g. Silver has 47 electrons per atom, and its molar mass is 107.87 g/mol. (b) Electrons are...

Consider a cylinder of specific gravity S 111 L

A 12 fluid ounce glass, 3 inches in diameter, sits on the edge of a merry-goround 8 ft in diameter, rotating at 12 r/min. How full can the glass be before it spills? 12 fl. oz. Mermry-go-round 212...

A loaded ore car has a mass of 950 kg and rolls on rails with negligible friction. It starts from rest and is pulled up a mine shaft by a cable connected to a winch. The shaft is inclined at 30.0...

How would you apply each of the DMAIC stages What success measures are required/needed at pilot sites for a decision to roll-out? How would you evaluate Rivermede plant on each of the eight criteria...

6. List one and only one societal role that you wish you had performed better in. Spend the next month on a small push to improve your personal performance within this role. At the end of the month,...

9. Imagine that you have achieved the goal you set for yourself in task 8. a. What do you see in the past? b. How do you feel? c. What do you hear? d. How does this change your roles? e. How does...

8. Set a goal that you really want to achieve in the near future, lets say 12 years. How does this goal fit in relation to the form roles and values above? What role and what value was it that...