-My Home* CengageNOwv2 | Online teach xb Kingsford Furnishings Compan xn/ilrn/takeAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator=&inprogress-falseMapsеВookShow Me HowPrint ItemEntries for MaterialsKingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses a job order cost system. Balances on April 1 from the materials ledger are asfollows:Fabric$26,200Polyester filling7,900Lumber58,700Glue2,500The materials purchased during April on account are summarized from the receiving reports as follows:Fabric$130,200Polyester filling181,000Lumber356,700Glue12,400Materials were requisitioned to individual jobs as follows:PolyesterFabricLumberGlueTotalFillingJob 601$49,500$62,400$166,800$278,700Job 60238,10067,800146,000251,900Job 60335,10046,00081,200162,300Factory overhead-indirectmaterials$6,4006,400Total$122,700$176,200$394,000$6,400$699,300The glue is not a significant cost, so it is treated as indirect materials (factory overhead). -My Home* CengageNowv2 | Online teach xb Kingsford Furnishings Compan x/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=falselapsеВookShow Me HowE Print ItemPolyesterFabricLumberGlueTotalFillingJob 601$49,500$62,400$166,800$278,700Job 60238,10067,800146,000251,900Job 60335,10046,00081,200162,300Factory overhead-indirectmaterials$6,4006,400Total$122,700$176,200$394,000 $6,400 $699,300The glue is not a significant cost, so it is treated as indirect materials (factory overhead).a. Journalize the entry to record the purchase of materials in April. If an amount box does not require an entry, leave it blank.a.b. Journalize the entry to record the requisition of materials in April. If an amount box does not require an entry, leave it blank.b.c. Determine the April 30 balances that would be shown in the materials ledger accounts.FabricPolyester FillingLumberGlueBalance, April 30

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Description: -My Home* CengageNOwv2 | Online teach xb Kingsford Furnishings Compan xn/ilrn/takeAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator=&inprogress-falseMapsеВookShow Me HowPrint ItemEntries for MaterialsKingsford Furnishings Compan

Journal entries refers to the process of recording the financial transactions of a company in its…

Business

Accounting

Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses a job order cost system. Balances on April 1 from the materials ledger follows: Fabric $26,200 Polyester filling 7,900 Lumber 58,700 Glue 2,500

Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses a job order cost system. Balances on April 1 from the materials ledger follows: Fabric $26,200 Polyester filling 7,900 Lumber 58,700 Glue 2,500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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NOWV2 I Online teach X + Assignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress3false e Page | Zora... Welcome, Quente... E Library Genesis Macmillan Launch... (7) YouTube O1 My Conversations... bnc Apparel, Gifts & T... 国Re. > Predetermined Factory Overhead Rate Poehling Medical Center has a single operating room that is used by local physicians to perform surgical procedures. The cost of using the operating room is accumulated by each patient procedure and includes the direct materials costs (drugs and medical devices), physician surgical time, and operating room overhead. On January 1 of the current year, the annual operating room overhead is estimated to be: Disposable supplies $358,700 Depreciation expense 64,700 Utilities 37,600 Nurse salaries 538,600 Technician wages 176,400 Total operating room overhead $1,176,000 The overhead costs will be assigned to procedures, based on the number of surgical room hours. Poehling Medical Center expects to use the…
AI - E H E If Border Corporation uses direct labor hours in a traditional costing system to assig... AutoSave ff Normal badiya aldujaili BA EN File Home Insert Draw Design Layout References Mailings Review View Help A Share O Comments X Cut Calibri (Body) 11 - A^ A Aav A E E AaBbCcDc AaBbCcDc AaBbC AABBCCC AaB AAB6CCC AaBbCcDa O Find - 自Copy Paste S Replace В IUvab х, х* А 1 Normal 1 No Spac. Heading 1 Heading 2 Title Subtitle Subtle Em.. A Select v Dictate Editor Format Painter Clipboard Font Paragraph Styles Editing Voice Editor 2 3 4 . 7 , . . Fort, Inc incurred $128,730 of actual manufacturing overhead cost last year. The company used a predetermined overhead rate of $3 per direct labor hour. At the end of the reporting period, the company's manufacturing overhead account has a debit balance of $4,500. How many direct labor hours were worked last year? a. 42,410 hours b. 38,410 hours c. 40,190 hours d. 13,500 hours e. 42,910 hours f. 44,410 hours g. 41,410 hours h. None of the…
* CengageNOwv2 | Online teach x b Kingsford Furnishings Compan x eAssignment/takeAssignmentMain.do?invoker3&takeAssignmentSessionLocator-&inprogress-false еВook Show Me How Print Item Predetermined Factory Overhead Rate Exotic Engine Shop uses a job order cost system to determine the cost of performing engine repair work. Estimated costs and expenses for the coming period are as follows: Engine parts $898,700 Shop direct labor 656,000 Shop and repair equipment depreciation 57,900 Shop supervisor salaries 161,000 Shop property taxes 29,200 Shop supplies 22,500 Advertising expense 18,000 Administrative office salaries 77,300 Administrative office depreciation expense 9,900 Total costs and expenses $1,930,500 The average shop direct labor rate is $16.00 per hour. Determine the predetermined shop overhead rate per direct labor hour. Round the answer to nearest whole cent. per direct labor hour
ageNOWv2 | Online teach x + cakeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress%3false lome Page | Zora... Welcome, Quente.. Library Genesis Macmillan Launch... (7) YouTube a My Conversations... bnc Apparel, Gifts & T... EReac >> A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $348,000 and direct labor hours would be 42,900. Actual manufacturing overhead costs incurred were $322,800, and actual direct labor hours were 54,500. The journal entry to apply the factory overhead costs for the year would include a Oa. credit to Factory Overhead for $348,000 Ob. debit to Factory Overhead for $441,995 Oc. credit to Factory Overhead for $441,995 Od. debit to Factory Overhead for $322,800
fattempt.php?attempte 1764992&cmid 875183&page=7 Goo.- inal irko a https//altermativet SOUCOFFEE Goog.. BCOM2911-Busines Sutan Caboos Univ frading P TEM (ACADEMIC) E-LEARNING SERVICES SOU LIBRARIES - SQU PORTAL ATTENDANCE Question Which of the following statements related to job cost sheets is TRUE? 15 O a. Individual job cost sheets are used by companies which produce socks. Not yet O b. Actual manufacturing overhead costs are included in job cost sheets. O. Job cost sheets do not normally include the selling price of the job completed. O d. None of the given answers is TRUE. answered Marked out of 0.50 P Flag question O e. Ajob cost sheet includes selling and administrative costs. Question Which of the following represents the cost of materials purchased but not yet issued to production? 16 O a. Finished Goods Inventory O b. None of the given answer is correct Not yet answered Marked out of Oc Work in Process Inventory 0.50 O d. Raw Materials Inventory P Flag question O e. Cost of…
* CengageNOWv2 | Online te x My Questions | bartleby keAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false * 司 Upd Print Item Rene is working with the operations manager to determine what the standard labor cost is for a spice chest. He has watched the process from start to finish and taken detailed notes on what each employee does. The first employee selects and mills the wood, so it is smooth on all four sides. This takes the employee 1 hour for each chest. The next employee takes the wood and cuts it to the proper size. This takes 30 minutes. The next employee assembles and sands the chest. Assembly takes 2 hours. The chest then goes to the finishing department. It takes 1.5 hours to finish the chest. All employees are cross-trained so they are all paid the same amount per hour, $19.60. A. What are the standard hours per chest? Standard hour per chest hours B. What is the standard cost per chest for labor? Round your answer to two decimal places.…
AI - E H E If Border Corporation uses direct labor hours in a traditional costing system to assign overhead - Saved - AutoSave Off Normal badiya aldujaili BA EN File Home Insert Draw Design Layout References Mailings Review View Help A Share O Comments X Cut Calibri (Body) v 11 - A^ A° Aav A E - E - E E E O Find - AaBbCcDc AaBbCcDc AaBbC AABBCCC AaB A BBCCC AaBbCcDa A Copy Paste S Replace В IUvab х, х* А I Normal 1 No Spac.. Heading 1 Heading 2 Title Subtitle Subtle Em.. A Select v Dictate Editor Format Painter Clipboard Font Paragraph Styles Editing Voice Editor 1.. | 1''' I 2 4 7 Use the following information to answer questions the next two questions: Border Corporation identified the following activities related to annual expected overhead costs at the beginning of 2018. Expected Overhead Activity Moving Materials Inspections Ordering Maintenance Expected Quantity 500 Expected Cost $ 16,000 $ 22,400 $ 13,900 $ 161,200 Expected Activity Driver Number of moves Number of inspection…
Hh Module 1-30691202003 * My Home CengageNOWv2 | Online teachir x Cengage Learning v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker%3D&takeAssignmentSessionLocator=&inprogress%3Dfalse Entries for Flow of Factory Costs for Process Cost System Radford Inc. manufactures a sugar product by a continuous process, involving three production departments-Refining, Sifting, and Packing. Assume that records indicate that direct materials, direct labor, and applied factory overhead for the first department, Refining, were $585,800, $205,000, and $134,700, respectively. Also, work in process in the Refining Department at the beginning of the period totaled $32,800, and work in process at the end of the period totaled $40,400. a. Journalize the entries to record the flow of costs into the Refining Department during the perlod for (1) direct materials, (2) direct labor, and (3) factory overhead. If an amount box does not require an entry, leave it blank. Work In Process-Refining…
ENOWV2 | Online teach x SOFTWARE UPDATE KeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false macOS Big Sur 11.3.1 is available and will be later tonight. eBook Show Me How E Print Item Activity-Based Costing for a Service Business Sterling Hotel uses activity-based costing to determine the cost of servicing customers. There are three activity pools: guest check-in, room cleaning, and meal service. The activity rates associated with each activity pool are $8.90 per quest check-in, $19.00 per room cleaning, and $2.00 per served meal (not including food). Janelle Washington visited the hotel for a 5-night stay. Janelle had 6 meals in the hotel during the visit. Determine the total activity-based cost for Washington's visit during the month. Round your answer to the nearest cent. Feedback Check My Work Calculate: Number of activities x Activity rate = Cost of activity Sum all activity costs to determine the total. Check My Work Previous Next Email…
mod/ pt.phprattenmpt%3D17649528cmid%3D8751838page%3D18 SYSTEM (ACADEMIC) E-LEARNING SERVICES- SQU LIBRARIES - SQU PORTALATTENDANC Managerial Accounting - Spring21 Home / My courses/ ACCT2121_yasserg Spring21 / Midterm Exam One / Midterm Exam One Time left 1:50:50 Question 37 In a job-order costing system, manufacturing overhead applied is recorded as a credit to: Not yet answered O a. Finished Goods inventory. Marked out of O b. Work in Process inventory. 0.50 O c. None of the given answer is correct Flag question O d. Manufacturing Overhead. O e. Cost of Goods Sold.
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