Selected accounts with amounts omitted are as follows Work in Process Aug. 1 Balance 275,000 Aug. 31 Goods finished 1,030,000 31 Direct materials х 31 Direct labor 450,000 31 Factory overhead х Factory Overhead Aug. 1-31 Costs incurred 145,000 Aug. 1 Balance 15,000 31 Applied (30% of direct labor cost) х If the balance of Work in Process on August 31 is $220,000, what was the amount debited to Work in Process for direct materials in August? a. $390,000 Ob. $525,000 c. $580,000 d. $170,000

Q: Selected accounts with amounts omitted are as follows Work in Process Aug.  1   Balance 269,610…

A: The materials or supplies that are directly related to a product and employed in its manufacturing…

Q: 300 31 Factory overhead X

A: The manufacturing overhead rate is the standard amount of factory overhead cost attributed to each…

Q: During June, Buttrey Corporation incurred $67,000 of direct labor costs and $7,000 of indirect labor…

A: When Direct Labor is incurred, the work in process is debited and Salary payable is credited.…

Q: Selected accounts with amounts omitted are as follows Work in Process Aug.  1   Balance 254,090…

A: Work in process in an inventory that is being processed in the production process of the company.

Q: The actual overhead for a company is $57,548. Overhead was based on 5,000 direct labor hours and was…

A: 1. Actual Overhead = Applied Overhead + Under applied Overhead  2. Overhead Application Rate per…

Q: Selected accounts with some amounts omitted are as follows Work in Process Oct.   1   Balance…

A: Factory overheads (manufacturing overheads) are the fixed costs that don’t change with the…

Q: How much is total cost of goods manufactured? * A company uses job order costing. At the beginning…

A: Cost of beginning WIP = (P4,000 + P1,400) + (P2,000 + P600) + (P3,000 + P900) = P11,900…

Q: Manufacturing overhead was estimated to be OMR 415,000 for the year along with estimated 20,000…

A: PLEASE LIKE THE ANSWER YOUR RESPONSE MATTERS  THE CORRECT ANSWER IS OPTION( E) OMR 400,000

Q: elected accounts with amounts omitted are as follows Work in Process Aug.    1   Balance 275,000…

A: Factory Overhead A/C Date Items Amount($) Date Items Amount($)…

Q: Selected accounts with some amounts omitted are as follows Work in Process Aug.  1   Balance…

A: Overhead cost: The costs other than the direct costs such as insurance, interest, repairs, taxes…

Q: Johnson Company has the following records:…

A: Raw material used=Raw material, January 1+Purchases-Raw material, January 31=P 54,000+P 72,000-P…

Q: 11. Selected accounts with some debits and credits omitted are presented as follows: Work in Process…

A: Working:     Amount (P)   Opening balance              7,000 Add: Direct material…

Q: Cost data for Sandusky Manufacturing Company for the month ended January 31 are as foll January 1…

A: a. Prepare a cost of goods manufactured statement for January.

Q: Assume the following information relates to the Bossing Corporation for the month of September…

A: The following computations are done in the statement of Bossing Corporation.

Q: Johnson Company has the following records:…

A: Raw materials used = Beginning Raw materials  + purchases of direct materials - ending Raw materials…

Q: Selected accounts with amounts omitted are as follows Work in Process Aug.  1   Balance 268,080…

A: Overhead applied =37100 x 30%=$11130 Total manufacturing cost =$195330 +$ 215360 -$268080=$142610

Q: 2. Income astatement. Hansford Inc. submits the following data for September: Diract labor cost,…

A: Income Statement is the part of financial statement which shows the net profit or loss earned by the…

Q: How much is total cost of goods manufactured? A company uses job order costing. At the beginning of…

A: Cost of goods manufactured = Raw materials used during the period + Direct labor cost + Applied…

Q: Selected accounts with some amounts omitted are as follows Work in Process Aug.  1   Balance…

A: In this case, we have to Prepare the works-in-progress Account and factory overhead is 30% of direct…

Q: Selected accounts with amounts omitted are as follows Work in Process Aug.  1   Balance 277,180…

A: Overhead applied = Direct labor*30% Overhead applied = $34,600*30% Overhead applied = $10,380

Q: During January, Bonita Company's manufacturing accounts contained the following manufacturing costs:…

A: Factory labour cost is the cost of labour that is incurred in the factory or for the purpose of…

Q: Clapton Company manufactures custom guitars in a wide variety of styles. The following incomplete…

A: 1.

Q: 17   Selected accounts with amounts omitted are as follows: Work in Process Aug.   1   Balance…

A: Work in process is the cost incurred on job but job not yet completed and transferred to finished…

Q: 1.Direct materials used in production totaled $300,000. Direct labor was $370,000and  factory…

A: Formulas: Total manufacturing costs = Direct materials used +Direct labor + Factory overhead Cost of…

Q: Johnson Company has the following records:…

A: We know that, The raw material used in production = Opening stock of raw materials + Purchases of…

Q: Sales Revenue The following additional details are provided for the year: Direct materials placed in…

A: Under applied overhead  =  Manufacturing overhead  incurred  - Manufacturing  overhead  allocated…

Q: Selected account balances and transactions of Alpine Manufac- turing Co. follow: Account Balances…

A: Note : Since you have posted multiple sub-parts , we will solve first three sub-parts for you . To…

Q: Firlit Corporation incurred $69,000 of actual Manufacturing Overhead costs during October. During…

A: Manufacturing overhead refers to the indirect cost related of manufacturing the product.

Q: Work in Process May 1 Per general ledger Per cost sheets P22,250 #001 #002 #003 Direct materials P…

A: Cost accounting means the recording of different cost in different account and to find out the cost…

Q: How much is total cost of goods manufactured? A company uses job order costing. At the beginning of…

A: In cost accounting, manufacturing cost can be defined as the cost which is incurred during the…

Q: Hello, Buck and Company incurred the following costs during August: Raw materials purchased…

A: a-1.Prepare a statement of costs of goods manufactured for the month of August.

Q: What was the balance of Work in Process as of April 30?   a.$22,900 b.$29,900 c.$8,100 d.$35,000

A: Following are the calculation of work-in-process balance as of April 30:

Q: Inventories Materials January 1 January 31 302,000 278,000 Work in process 215,600 238,200 Finished…

A: The statement of cost of goods manufactured includes the direct and indirect costs incurred during…

Q: Work in Process Balance, January 1 $72,000 Direct materials 390,000 Direct labor 500,000 Factory…

A: We shall answer the first question since the exact one wasn't specified. Please resubmit a new…

Q: If the balance of Work in Process on August 31 is $217,140, what was the amount debited to Work in…

A: Work- in-Progress Includes all the direct material , direct labor and manufacturing overhead cost…

Q: Selected accounts with amounts omitted are as follows Work in Process Aug.  1   Balance 266,720…

A: A journal entry is a form of accounting entry that is used to report a business transaction in a…

Q: Debit to Account: Balance, June 1        $5000 Direct Materials    $18000 Direct Labor   $12000…

A:

Q: During March, Pendergraph Corporation Incurred $80,000 of actual Manufacturing Overhead costs.…

A: The journal entry to record the manufacturing overhead is   PARTICULAR DEBIT CREDIT…

Q: 10. If the balance of Work in Process on October 31 is $21,000, what was the amount of factory…

A:

Q: Work in Process Aug.  1   Balance 270,500   Aug. 31 Goods finished 167,400        31   Direct…

A: In this case, we have to Prepare the works-in-progress Account and factory overhead is 30% of direct…

Q: Selected accounts with a credit amount omitted are as follows Work in Process Apr. 1 Balance…

A: Work in process: Work in process refers to the goods that are partially completed, they are also…

Q: Selected accounts with some amounts omitted are as follows: Work in Process Oct. 1 Balance 24,100…

A: Factory overhead applied is the total cost incurred in production and factory overhead applied is…

Q: Lind Manufacturing had the following account balances as of January 1. $ 8,700 76,500 53,000 Direct…

A: Answer -  Part 1 -  Particulars Amount     Direct Material Inventory Opening 8700 DM…

Q: :XYZ Company had the following information for the year 110,000 OMR Direct materials used 150,000…

A: Cost of goods manufactured = Direct material cost + Direct labour cost + Applied manufacturing…

Q: elected accounts with some amounts omitted are as follows Work in Process Oct. 1 Balance 23,400…

A: The total amount of expenses added to a cost item is referred to as applicable overhead. Some…

Q: Selected accounts with amounts omitted are as follows Work in Process Aug.  1   Balance 279,350…

A: Given that: Work in process closing balance = $206820

Q: Direct Materials Used, Cost of Goods Manufactured In September, Lauren Ashley Company purchased…

A: The question is based on the concept of Cost Accounting.

Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit.  Overhead expenses depend upon the nature of the business operations.