User Account

All Pages

Journal entry to record overhead applied to jobs

Assignment Help Accounting Basics
Reference no: EM13974048

Recording Actual Overhead and Overhead Applied to jobs During the month of August, Start Plastics applied overhead to jobs using an overhead rate of $3 per dollar of direct labor. Direct labor in August was $100,000. Actual overhead in August was $260,000. Assume that actual overhead was composed of the following items. Indirect materials $40,000 Indirect labor 80,000 Utilities 25,000 Depreciation 60,000 Repair expense 55,000 Total $260,000

Required:

a. Prepare a journal entry to record overhead applied to jobs.

b. Prepare a journal entry to record actual overhead.

Reference no: EM13974048

Questions Cloud

Preparing a cash budget for the months : Preparing a cash budget for the months of March, April and May
Journal entry to record walter unexpected receipt : Prepare the journal entry to record Walter's unexpected receipt of Janet's payment.
Calculating the marginal profit : If the Mexican company is only willing to pay $27 for the part and CMR has excess capacity, should CMR accept the order? What will be the marginal profit if any? (Show your computations)
What sensory input contributes to our perception of flavor : What is CIPA? What might life be like with it? What does it say about our sense of pain? How do the four primary mechanoreceptors work to give you different qualities of touch? What sensory input contributes to our perception of flavor
Journal entry to record overhead applied to jobs : a. Prepare a journal entry to record overhead applied to jobs. b. Prepare a journal entry to record actual overhead.
Journal entry to record overhead applied to jobs : a. Prepare a journal entry to record overhead applied to jobs. b. Prepare a journal entry to record actual overhead.
Create a java program to input check users attempts : Create a command line Java program to input, keep track of, and check user's attempts to guess a randomly generated number.
Diagram and description of the cutaneous system : Your team has been asked to create a lecture for a high school psychology class on the perception of pleasure and pain. For your 4 to 5 slides include: A diagram and description of the cutaneous system
Identifies the images relationship to sustainability : Describe the image as a whole, using enough objective details so that your audience will have a good visual impression of the image in question. Again, remember that this is an objective description, using only those items that you can actually se..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute the cost of goods purchased and sold

1. Compute the cost of goods purchased and the cost of goods sold 2. Prepare the income statement for 2011

  Prepare a budgeted income statement for each quarter

The question relates to Basic Accounting and it discuss about preparing sales, purchases and distribution, cash budget, income statement and balance sheet for an organization

  Clinic dollar growth in assets

What was the clinic's dollar growth in assets during 2008, and how was this growth financed?

  What is the weighted average

A company reports the following beginning inventory and purchases for the month of January. On January 26, the company sells 360 units. What is the cost of the 155 units that remain in ending inventory at January 31

  Entry to record the replenishment of the petty cash fund

Prepare the journal entry to record the replenishment of the petty cash fund.

  Using each of the following methods compute the annual

1. the maker company exchanged 25000 shares of its own 50 par value common stock for turret lathe from turer comapny.

  A companys 8 coupon rate semiannual payment 1000 par value

a companys 8 coupon rate semiannual payment 1000 par value bond that matures in 30 years sells at a price of 566.43.

  Demonstrate logical and appropriate transitions

Demonstrate logical and appropriate transitions

  Marina del rey manufacturing corp uses a standard cost

marina del rey manufacturing corp. uses a standard cost system that records raw materials at actual cost records

  If the bath department is dropped what will be the effect

boyles home center a retailing company has two departments bath and kitchen. the companys most recent monthly

  A general motors executive is considering how to price the

a general motors executive is considering how to price the 2013 chevy volt electric car in order to maximize profits

  Detailed discussion about depreciation

What is the purpose of depreciation? Does the book value of a fixed asset, cost minus accumulated depreciation, communicate to a user what the asset is worth? Should the financial statements reflect the value of fixed assets?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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