Business, 16.04.2020 00:52 HybridShadow3942
Docksider Boats uses a job order cost accounting system. During one month Docksider purchased $153,000 of raw materials on credit; issued materials to production of $164,000 of which $24,000 were indirect. Docksider incurred a factory payroll of $95,000, paid in cash, of which $25,000 is classified as indirect labor. Docksider uses a predetermined overhead application rate of 170% of direct labor cost. The journal entry to record the application of factory overhead to production is:Answer Debit Raw Materials Inventory $153,000; credit Accounts Payable $153,000. Debit Goods in Process Inventory $140,000; debit Factory Overhead $24,000; credit Raw Materials Inventory $164,000. Debit Raw Materials Inventory $195,000; credit Goods in Process Inventory $195,000. Debit Goods in Process Inventory $140,000; debit Raw Materials Inventory $24,000; credit Materials Inventory $164,000. Debit Finished Goods Inventory $140,000; credit Raw Materials Inventory $140,000.
Answers: 1
Business, 23.06.2019 08:30, gabe7774
1. using only the amounts given, compute net cash provided by operations, both without and with the reclassification of the receivables. which reporting makes moss look better? 2. under what condition would the reclassification of the receivables be ethical? 3. unethical?
Answers: 1
Business, 23.06.2019 10:30, alyssatamayo641
This pie chart shows a sample weekly budget. in this budget, how much money is going toward optional expenses? $70 $75 $10 $35
Answers: 1
Docksider Boats uses a job order cost accounting system. During one month Docksider purchased $153,0...
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