Ask Experts Questions for FREE Help !
Ask
    Ecashm's Avatar
    Ecashm Posts: 1, Reputation: 1
    New Member
     
    #1

    Nov 25, 2006, 04:08 AM
    Prepare general journal enteries
    :(


    Prepare general journal enteries to record events


    a. purchase raw materials for $65000 cash

    b. used raw materials
    Dept A 21760
    Dept b 46760
    Indirect mat 5000

    c. paid factory payroll 125000 cash
    d. assigned factory payroll cost
    Dept A 25420 Direct labor
    Dept B 60900 Direct labor
    Indirect labor 38680

    e. incurred additional factory overhead cost of 54725 in cash
    f. Factory overhead is allocated to dept A & B as a percentage of direct labor costs
    Overehead rate is 125%






    Units of production on hand or worked for august

    Dept A Dept B

    Units in Beg inventory 200 300
    % completed w/ respect to:
    Materials 90% 30%
    Labor & overhead 80% 10%

    Units Started in Aug 900 700
    Units transferred 700 750
    % completed w/ respect to:
    Materials 100% 100%
    Labor & overhead 100% 100%

    Ending inventory 400 250
    % completed w/ respect to:
    Materials 40% 70%
    Labor & overhead 20% 60%


    Make following calculations:
    Equivalent units of production in Dept A & B separately using weighted average
    Per unit cost for labor materials & overhead
    Martinuther's Avatar
    Martinuther Posts: 1, Reputation: 1
    New Member
     
    #2

    Aug 22, 2010, 03:54 AM
    Purchase a/c dr 65000
    To,cash a/c cr 65000
    (being good purchased)
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
     
    #3

    Aug 24, 2010, 07:59 PM

    Please check out the guidelines for posting homework and not that we do not just answer things for people:
    https://www.askmehelpdesk.com/financ...-b-u-font.html

    This is also a 4 year old thread and is being closed.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search


Check out some similar questions!

Puppy crying [ 11 Answers ]

My 12 week old staff puppy crys when she can't see you and crys all night until I go downstairs and sleep with her what shall I do

Babies crying [ 23 Answers ]

Well now that we're all back home and *somewhat* back to a normal routine, I'm starting to think again about the baby I will be having. I'm due in mid-June, right around Father's Day actually, haha. Anyway, I've been starting to ask (and receive) a lot of baby advice from family and friends. Most...

Crying Animals [ 6 Answers ]

Is Man the only animal who cries TEARS for EMOTIONAL feelings?

Crying after orgasm [ 5 Answers ]

Is it normal after a big orgasm to cry?

Crying Heart That No One Can See [ 13 Answers ]

Please EVERYONE Please HELP ME I Love a Girl and she used 2 like me 2, but then I don't know but suddenly everything is changing, I'm not sure mayb its my thoughts but what I need help is.. How can I impress her How can I create a place in her heart How can I show her that I love her a lot...


View more questions Search