Amounts of factory labor costs transferred to work in proces

Assignment Help Accounting Basics
Reference no: EM13258104

A summary of the time tickets for the current month follows:

Jobno.                        Amount                      Job no.                       Amount

101                             1,620                          141                             1,780

122                             1,590                          Indirectlabor             13,400

133                             760                             143                             3,330

139                             5,210                          147                             1,080

  1. Determine the amounts of factory labor costs transferred to Work in Process and Factory Overhead for the current month.
  2. Illustrate the effects on the accounts and financial statements of the factory labor costs transferred in(a)

Reference no: EM13258104

Questions Cloud

Haw many shares are in the treasury : A company whose charter authorize 10 million shares, has sold 6 million to the public. Of these, 5 million are in the hands of investors today.
What are your experiences with using an electronic : What are your experiences with using an electronic information system? Using the assigned readings, any past experiences, and your imagination.
How much cash will be paid for the january : Suppose all interest is paid at maturity and none of the notesare paid early. How much cash will be paid for the January 1 note, plusinterest, on October1?
Determine the minimum index of refraction of the prism : In a 45° - 90° - 45° prism with a ray of light entering and exiting on the long side of the prism after undergoing two total internal reflections. Determine the minimum index of refraction of the prism in order for this to occur
Amounts of factory labor costs transferred to work in proces : Estimate the amounts of factory labor costs transferred to Work in Process and Factory Overhead for current month. Describe the effects on accounts and financial statements of factory labor costs transferred in(a)
What is the npv of the project : How sensitive is the NPV to changes in the price of the new smart phone?
Determine the minimum index of refraction of the prism : In a 45° - 90° - 45° prism with a ray of light entering and exiting on the long side of the prism after undergoing two total internal reflections. Determine the minimum index of refraction of the prism in order for this to occur
The reactant r is being consumed in a first-order reaction : A reactant R is being consumed in a first-order reaction. What fraction of the initial R is consumed in 4.0 half-lives
Apply the biology concepts of autoimmunity : Apply the biology concepts of autoimmunity and inflammatory response to understanding pathophysiological differences between rheumatoid arthritis, osteoarthritis, and gouty arthritis.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Present cost of the investment

The value of an investment that is calculated discounting future cash flows from the investment at an interest rate that gives a satisfactory return on investment and then subtracting the present cost of the present cost of the investment is known..

  Probable role of the monthly report

a. What is the probable role of the monthly report? b. What is the controller's responsibility with respect to a president who doesn't know much accounting?

  Calculate the variable costs, fixed costs

XYZ Company incurred the following costs for the month of August when it observed an activity level of 10,000 units.

  Gain on sale of debt investements

Tolan co. purchased 30,6% irick company bonds for 60,000 cash plus brokerage fees of $600. Interest is payable seminannualy on july 1 and january 1. if 15 of the securities are sold on july 1 from $31,000 less $300 brokerage fees, the entry would ..

  Comparative analysis

Comparative analysis - should include discussion of whether the share price measures line up with your other assessments Please include copies of the financial statements (attached as a file, if possible in .pdf format) or, alternatively, provide ref..

  Determining number of units produced-ending inventory

Heath Company has beginning inventory of 21,000 units and expected sales of 48,000 units. if the desired ending inventory is 15,500 units, how many units should be produced?

  Determining record interest expense

The minimum lease payments were determined to have a present value of $208,493 at an effective interest rate of 10%. In 2009, Dalton should record interest expense of

  Conceptual framework for business organizations

Identify the primary components of the conceptual framework for business organizations and explain the purpose of each component.

  Percentage-of-completion method of revenue recognition

Assume the percentage-of-completion method of revenue recognition is used on a long term construciton contract. Under this method, revenues that are earned but unbilled at the balance sheet date should be disclosed

  Entries to record the selected transactions

Present entries to record the following selected transactions completed during the current fiscal year:

  Compute the net present value-required rate of return

Recovery of working capital will be $10,000 at the end of its useful life. Annual cash savings from the purchase of the machine will be $20,000. a. Compute the net present value at a 12% required rate of return?

  Managerial reporting of standard variance basics

Question: Should this managerial reporting of standard variance practice be permitted to continue? If not why and what affects does this accounting practice have on the company and its investors?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd