Reference no: EM132906236
Question - Radford Inc. manufactures a sugar product by a continuous process, involving three production departments-Refining, Sifting, and Packing. Assume that records indicate that direct materials, direct labor, and applied factory overhead for the first department, Refining, were $369,000, $146,000, and $97,600, respectively. Also, work in process in the Refining Department at the beginning of the period totaled $30,200, and work in process at the end of the period totaled $28,400.
Required -
1. On September 30, journalize the entry to record the flow of costs into the Refining Department during the period for direct materials.
2. On September 30, journalize the entry to record the flow of costs into the Refining Department during the period for direct labor.
3. On September 30, journalize the entry to record the flow of costs into the Refining Department during the period for factory overhead.
4. On September 30, journalize the entry to record the transfer of production costs to the second department, Sifting.
|
How much is the total amount of intangible asset
: How much is the total amount of intangible asset shall Rey Company recognize in relation to the above costs
|
|
What are the volume ranges
: Fixed costs will be: for A equipment (A), $100,000; B manufacturing (B), $70,000; and C automation (C), $60,000. What are the volume ranges
|
|
How much is the correct amount that Beyonce Inc report
: State incorporation fees and legal costs related to organizing the corporation: 100,000. How much correct amount that Beyonce, Inc. report as Intangible Assets
|
|
Organization which celebrates diversity
: Cultural competence refers to your ability to relate to those from other cultures. Do some research and find company or organization which celebrates diversity
|
|
Journalize the entry to record the flow of costs
: On September 30, journalize the entry to record the flow of costs into the Refining Department during the period for direct materials
|
|
Zero trust is security stance for networking
: Zero trust is a security stance for networking based on not trusting any users, devices, or applications by default, even those that are already on the network.
|
|
What is the nominal annual interest rate
: What nominal annual rate of interest compounded semi-annually was paid if contributions of $570.00 made into an RRSP at the beginning
|
|
Oceanography considered interdisciplinary science
: Why is Oceanography considered an interdisciplinary Science? Why do things float or sink? Why is Earth referred to as the "blue planet?
|
|
Sensitive security areas at airports
: Mention and explain three major technologies that are used to control access to sensitive security areas at airports?
|