Cotton Manufacturing Co. uses a job order cost system and maintains inventories under the perpetual method....
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Cotton Manufacturing Co. uses a job order cost system and maintains inventories under the perpetual method. Journalize the entry to show time tickets indicating that $130,000 was direct labor and $35,000 was indirect labor. In BLANK 1 type in the DEBIT ACCOUNT and AMOUNT. Use DR to designate a debit entry. In BLANK 2 type in the CREDIT ACCOUNT and AMOUNT (you do not need to indent your credit). Use CR to designate a credit entry. Blank # 1 Blank # 2 A/ A/ Cotton Manufacturing Co. uses a job order cost system and maintains inventories under the perpetual method. Journalize the entry to show other actual overhead incurred on account for $210,000. In BLANK 1 type in the DEBIT ACCOUNT and AMOUNT. Use DR to designate a debit entry. In BLANK 2 type in the CREDIT ACCOUNT and AMOUNT (you do not need to indent your credit). Use CR to designate a credit entry. Blank # 1 Blank # 2 A/ A/ Cotton Manufacturing Co. uses a job order cost system and maintains inventories under the perpetual method. Journalize the entry to show manufacturing overhead being applied at the rate of $1.50 per machine hour. There were 150,000 machine hours for the current accounting period. In BLANK 1 type in the DEBIT ACCOUNT and AMOUNT. Use DR to designate a debit entry. In BLANK 2 type in the CREDIT ACCOUNT and AMOUNT (you do not need to indent your credit). Use CR to designate a credit entry. Blank # 1 Blank # 2 A/ A/ Cotton Manufacturing Co. uses a job order cost system and maintains inventories under the perpetual method. Journalize the entry to show time tickets indicating that $130,000 was direct labor and $35,000 was indirect labor. In BLANK 1 type in the DEBIT ACCOUNT and AMOUNT. Use DR to designate a debit entry. In BLANK 2 type in the CREDIT ACCOUNT and AMOUNT (you do not need to indent your credit). Use CR to designate a credit entry. Blank # 1 Blank # 2 A/ A/ Cotton Manufacturing Co. uses a job order cost system and maintains inventories under the perpetual method. Journalize the entry to show other actual overhead incurred on account for $210,000. In BLANK 1 type in the DEBIT ACCOUNT and AMOUNT. Use DR to designate a debit entry. In BLANK 2 type in the CREDIT ACCOUNT and AMOUNT (you do not need to indent your credit). Use CR to designate a credit entry. Blank # 1 Blank # 2 A/ A/ Cotton Manufacturing Co. uses a job order cost system and maintains inventories under the perpetual method. Journalize the entry to show manufacturing overhead being applied at the rate of $1.50 per machine hour. There were 150,000 machine hours for the current accounting period. In BLANK 1 type in the DEBIT ACCOUNT and AMOUNT. Use DR to designate a debit entry. In BLANK 2 type in the CREDIT ACCOUNT and AMOUNT (you do not need to indent your credit). Use CR to designate a credit entry. Blank # 1 Blank # 2 A/ A/
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1 Blank 1 Journal Entry for Direct Labor Expense Date Account Debit Credit Direct Labor Expense 130000 Cash or Bank 130000 Explanation Direct Labor Ex... View the full answer
Related Book For
Accounting Tools for Business Decision Making
ISBN: 978-1118128169
5th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
Posted Date:
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