Journalize the following transactions for Coronado, Inc. (a) Incurred direct labor costs of $23,680 for 3,200 hours. The standard labor cost was $24,800. (b) Assigned 3,200 direct labor hours costing $23,680 to production. Standard hours were 3,320. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round per unit values to 2 decimal places, e.g. 52.75 and final answers to O decimal places, e.g. 52.) No. Account Titles and Explanation (a) (b) Debit Credit

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Journalize the following transactions for Coronado, Inc.
(a)
Incurred direct labor costs of $23,680 for 3,200 hours. The standard labor cost was $24,800.
(b) Assigned 3,200 direct labor hours costing $23,680 to production. Standard hours were 3,320.
(List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.
Round per unit values to 2 decimal places, e.g. 52.75 and final answers to O decimal places, e.g. 52.)
No. Account Titles and Explanation
(a)
(b)
Debit
Credit
Transcribed Image Text:Journalize the following transactions for Coronado, Inc. (a) Incurred direct labor costs of $23,680 for 3,200 hours. The standard labor cost was $24,800. (b) Assigned 3,200 direct labor hours costing $23,680 to production. Standard hours were 3,320. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round per unit values to 2 decimal places, e.g. 52.75 and final answers to O decimal places, e.g. 52.) No. Account Titles and Explanation (a) (b) Debit Credit
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