None Selected accounts with some amounts omitted are as follows:Work in ProcessAug. 1Balance270,900 Aug. 31Goods finished128,60031Direct materialsX31Direct labor45,40031Factory overheadFactory OverheadAug. 1-31Costs incurred103,600 Aug. 131BalanceApplied15,700XIf the balance of Work in Process on August 31 is $206,300, what was the amount debited to Work in Process for factory overhead in August, assuming a factory overheadrate of 30% of direct labor costs?Oa $13,620Ob. $103,600Oc. $15,700Od $128,600

Name: None Selected accounts with some amounts omitted are as follows:Work i
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Description: None Selected accounts with some amounts omitted are as follows:Work in ProcessAug. 1Balance270,900 Aug. 31Goods finished128,60031Direct materialsX31Direct labor45,40031Factory overheadFactory OverheadAug. 1-31Costs incurred103,600 Aug. 131BalanceApp

Direct labor is directly connected to the production and not the administration or support services.…

Answered: Balance Direct materials Direct labor…

Business

Accounting

Balance Direct materials Direct labor Factory overhead Work in Process 270,900 Aug. 31 Goods finished X 45,400 Factory Overhead 128,600

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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Selected accounts with amounts omitted are as follows Work in Process Aug. 1 Balance 266,720 Aug. 31 Goods finished 135,920      31 Direct materials X        31 Direct labor 35,900      31 Factory overhead X Factory Overhead Aug. 1 – 31 Costs incurred 113,500 Aug. 1 Balance 12,290        31 Applied (30% of direct labor cost) X If the balance of Work in Process on August 31 is $219,290, what was the amount debited to Work in Process for direct materials in August? a.$385,990 b.$521,910 c.$83,330 d.$41,820 The journal entry to record the purchase of $39,313 of raw materials is a. Materials$39,313 Accounts Receivable$39,313 b. Inventory$39,313 Cash$39,313 c. Inventory$39,313 Accounts Receivable$39,313 d. Materials$39,313 Accounts Payable$39,313 All of the following could be considered a direct material except a.fabric b.glue c.steel d.lumber
selected accounts with amounts omitted are as follows Work in Process Aug. 1 Balance 254,580 Aug. 31 Goods finished 178,220      31 Direct materials X        31 Direct labor 35,400      31 Factory overhead X Factory Overhead Aug. 1 – 31 Costs incurred 96,830 Aug. 1 Balance 14,490        31 Applied (30% of direct labor cost) X If the balance of Work in Process on August 31 is $217,140, what was the amount debited to Work in Process for direct materials in Augus?
Selected accounts with amounts omitted are as follows Work in Process Aug. 1 Balance 279,350 Aug. 31 Goods finished 171,180      31 Direct materials X        31 Direct labor 33,600      31 Factory overhead X Factory Overhead Aug. 1 – 31 Costs incurred 115,090 Aug. 1 Balance 15,610        31 Applied (30% of direct labor cost) X If the balance of Work in Process on August 31 is $206,820, what was the amount debited to Work in Process for direct materials in August? a. $54,970 b. $106,130 c. $519,770 d. $348,590
Selected accounts with amounts omitted are as follows Work in Process Aug. 1 Balance 256,170 Aug. 31 Goods finished 186,160 31 Direct materials 31 Direct labor 36,800 31 Factory ovenrhead Factory Overhead Aug. 1- 31 Costs incurred 118,890 Aug. 1 Balance 13,960 31 Applied (30% of direct labor cost) If the balance of Work in Process on August 31 is $212,300, what was the amount debited to Work in Process for direct materials in August? Oa. $94,450 Ob. $319,110 Oc. $80,670 Od. $505,270
Selected accounts with some amounts omitted are as follows: Work in Process Aug. 1 Balance 264,800 Aug. 31 Goods finished 129,400 31 Direct materials X 31 Direct labor 43,700 31 Factory overhead X Factory Overhead Aug. 1 – 31 Costs incurred 95,600 Aug. 1 Balance 12,800 31 Applied X If the balance of Work in Process on August 31 is $218,800, what was the amount debited to Work in Process for factory overhead in August, assuming a factory overhead rate of 30% of direct labor costs? a. $13,110 b. $95,600 c. $129,400 d. $12,800
Selected accounts with amounts omitted are as follows: Work in Process 263,340 Aug. 31 X 34,100 Aug. 1 31 31 31 Balance Direct materials Direct labor Factory overhead Aug. 1-31 Costs incurred Factory Overhead 98,540 Aug. 1 31 Goods finished Balance Applied (30% of direct labor cost) 142,970 12,530 X If the balance of Work in Process on August 31 is $204,810, what was the amount debited to Work in Process for direct materials in August? Oa. $92,630 Ob. $359,280 Oc. $502,250 Od. $40,110
Selected accounts with some amounts omitted are as follows: Work in Process Aug. 1 Balance 270,500 Aug. 31 Goods finished 167,400 31 Direct materials X 31 Direct labor 45,400 31 Factory overhead X Factory Overhead Aug. 1 – 31 Costs incurred 110,300 Aug. 1 Balance 15,300 31 Applied X If the balance of Work in Process on August 31 is $198,700, what was the amount debited to Work in Process for factory overhead in August, assuming a factory overhead rate of 30% of direct labor costs? a.$13,620 b.$167,400 c.$15,300 d.$110,300
Selected accounts with some amounts omitted are as follows: Work in Process Date Transaction Debit amount Date Transaction Credit amount Aug. 1 Balance 279, 100 Aug. 31 Goods finished 190, 700 31 Direct materials X 31 Direct labor 47, 400 31 Factory overhead X Factory Overhead Date Transaction Debit amount Date Transaction Credit amount Aug. 1-31 Costs incurred 113,000 Aug. 1 Balance 12, 100 31 Applied X If the balance of Work in Process on August 31 is $196, 400, what was the amount debited to Work in Process for factory overhead in August, assuming a factory overhead rate of 30% of direct labor costs? a. $190, 700 b. $12, 100 c. $113, 000 d. $14, 220
Selected accounts with amounts omitted are as follows: Work in Process 266,230 Aug. 31 Aug. 1 31 31 31 Balance Direct materials Direct labor Factory overhead Aug. 1-31 Costs incurred X 35,400 Factory Overhead 118,780 Aug. 1 31 Goods finished Balance Applied (30% of direct labor cost) 133,400 13,060 X If the balance of Work in Process on August 31 is $192,710, what was the amount debited to Work in Process for direct materials in August? < O a. $108,920 O b. $494,340 O c. $13,860 O d. $360,940
Selected accounts with some amounts omitted are as follows: Work in Process 250,640 Aug. 31 X 35,800 Aug. 1 31 Balance Direct materials 31 Direct labor 31 Factory overhead Aug. 1-31 Costs incurred Factory Overhead 111,890 Aug. 1 Balance 31 Applied Goods finished (30% of direct labor cost) 122,430 14,360 X If the balance of Work in Process on August 31 is $199,880, what was the amount debited to Work in Process for direct materials in August? Oa. $363,890 Ob. $25,130 Oc. $86,560 Od. $486,320
Selected accounts with some amounts omitted are as follows: Work in Process 22,600 Oct. 31 92,000 198,700 Oct. 1 31 31 31 Oct. 1 31 Balance Direct materials Direct labor Factory overhead Balance Goods finished Finished Goods 15,200 319,600 Goods finished X If the balance of Work in Process on October 31 is $218,900, what was the amount of factory overhead applied in October? Oa. $198.700 Ob. $225,200 Oc. $92,000 Od. $440,200
Selected accounts with amounts omitted are as follows: Work in Process Aug. 1 Balance 251,200 Aug. 31 Goods finished 191,300 31 Direct materials 31 Direct labor 43,900 31 Factory overhead Factory Overhead Aug. 1 - 31 Costs incurred 106,500 Aug. 1 Balance 13,600 31 Applied X If the balance of Work in Process on August 31 is $200,100, what was the amount debited to Work in Process for factory overhead in August, assuming a factory overhead rate of 30% of direct labor costs? Oa. $13,600 b. $106,500 Oc. $13,170 d. $191,300