During the current month, a company that uses job order costing incurred a monthly factory payroll of $218,500. Of this amount, $52,000 is classified as indirect labor and the remainder as direct. Prepare journal entries to record these transactions. View transaction list Journal entry worksheet < 1 2 Record the cost of direct labor used. Note: Enter debits before credits. Transaction Record entry General Journal Clear entry Debit Credit View general journal

During the current month, a company that uses job order costing incurred a monthly factory payroll of $218,500. Of this amount, $52,000 is classified as indirect labor and the remainder as direct. Prepare journal entries to record these transactions. View transaction list Journal entry worksheet < 1 2 Record the cost of direct labor used. Note: Enter debits before credits. Transaction Record entry General Journal Clear entry Debit Credit View general journal

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A company that uses job order costing incurred a monthly factory payroll of $223,500. Of this amount, $43,000 is indirect labor and $180,500 is direct labor. Prepare journal entries to record the (a) use of direct labor and (b) use of indirect labor. View transaction list Journal entry worksheet < 1 Record the cost of direct labor used. 2 Note: Enter debits before credits. Transaction a. Record entry General Journal Clear entry Debit Credit View general journal
2 Record the cost of Indirect labor used. Note: Enter debits before credits. Transaction b. Record entry General Journal Clear entry Debit Credit View general journal
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Job order cost accounting for a Service companyThe law firm of Furlan and Benson accumulates costs associated withindividual cases, using a job order cost system. The followingtransactions occurred during July:(attached) a. Provide the journal entries for each of these transactions.b. How much office overhead is over- or underapplied?c. Determine the gross profit on the Obsidian case, assuming thatover- or underapplied office overhead is closed monthly to cost ofservices.
Prepare journal entries to record the following production activities. 1. Incurred $53,000 of direct labor in the Roasting department and $29,000 of direct labor in the Blending department. Credit Factory Wages Payable. 2. Incurred $19,000 of indirect labor in production. Credit Factory Wages Payable. View transaction list Journal entry worksheet < A B Record direct labor incurred, but not yet paid. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal
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