Royal Technology Company uses a job order cost system. The following data summarize the operations related to production for March:
Mar.
1 Materials purchased on account, $482,690.
1 Materials requisitioned, $405,460, of which $52,710 was for general factory use.
31 Factory labor used, $497,170, of which $94,460 was indirect.
31 Other costs incurred on account for factory overhead, $115,850; selling expenses, $178,600; and administrative expenses, $106,190.
31 Prepaid expenses expired for factory overhead were $22,200; for selling expenses, $18,820; and for administrative expenses, $13,520.
31 Depreciation of factory equipment was $22,200; of office equipment, $32,820; and of office building, $64,680.
31 Factory overhead costs applied to jobs, $275,130.
31 Jobs completed, $637,150.
31 Cost of goods sold, $617,840.
Required:
Journalize the entries to record the summarized operations.
Answers: 2
Business, 22.06.2019 12:50, iamhayls
In june 2009, at the trough of the great recession, the bureau of labor statistics announced that of all adult americans, 140,196,000 were employed, 14,729,000 were unemployed and 80,729,000 were not in the labor force. use this information to calculate: a. the adult population b. the labor force c. the labor-force participation rate d. the unemployment rate
Answers: 3
Business, 23.06.2019 02:20, J3ak06
Kubin company’s relevant range of production is 18,000 to 22,000 units. when it produces and sells 20,000 units, its average costs per unit are as follows: average cost per unit direct materials $ 7.00 direct labor $ 4.00 variable manufacturing overhead $ 1.50 fixed manufacturing overhead $ 5.00 fixed selling expense $ 3.50 fixed administrative expense $ 2.50 sales commissions $ 1.00 variable administrative expense $ 0.50 required: 1. for financial accounting purposes, what is the total amount of product costs incurred to make 20,000 units? 2. for financial accounting purposes, what is the total amount of period costs incurred to sell 20,000 units? 3. for financial accounting purposes, what is the total amount of product costs incurred to make 22,000 units? 4. for financial accounting purposes, what is the total amount of period costs incurred to sell 18,000 units?
Answers: 1
Business, 23.06.2019 13:20, zack66828
John and sue smith are a married couple who file a joint income tax return. they have two children, so they claim a total of 4 exemptions (based on calendar year 2015 tax law, a personal exemption of $4,000 per person or dependent can be deducted from total income). in addition, they have legitimate itemized deductions totaling $25,750. their total income from wages is $237,500. what is the couple’s taxable income? $195,750 $221,500 $229,500 $205,750
Answers: 3
Royal Technology Company uses a job order cost system. The following data summarize the operations r...
Mathematics, 24.02.2021 23:20
Mathematics, 24.02.2021 23:20
History, 24.02.2021 23:20
English, 24.02.2021 23:20
Biology, 24.02.2021 23:20
Biology, 24.02.2021 23:20