Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Problem 2: Below is information from Job Card 506 for the Bearing Manufacturing Company. Date started: June 15, 2015 Date Completed: July 24, 2015 Date Direct Materials Direct Labor Applied Factory Overhead Job Total 6/15/2015 $ 5,000 6/25/2015 $1,200 $600 6/27/2015 $2,300 7/6/2015 $1,540 $770 7/15/2015 $2,600 7/24/2015 $760 $380 Job 506 was sold on credit on July 24, 2015, for 180% of its cost. Factory OH was applied on the basis of DL. Required: a. Prepare the journal entries to record the costs incurred for Job 506 in 2015 for direct materials, direct labor, and factory overhead. b. Prepare the journal entry to record the completion of Job 506. c. What is the predetermined factory overhead rate for Bearing Manufacturing? d. Prepare the journal entries to record the sale of Job 506.
Compute the work-in-Process transferred to the finished goods warehouse on April 30 using the following information:
Rockwell Corporation had a net income of $150,000 for the year ending 2009. The company decided to payout 40% of earnings per share as a dividend. Rockwell has 120,000 shares issued and outstanding. What are the retained earnings for the 2009?
pauls medical equipment company manufactures hospital beds. its most popular model deluxe sells for 5000. it has
Explain how both small and large organizations can benefit from budgeting. Explain why a company can show it has a substantial amount of revenue and yet not able to pay its current liabilities?
Construct a bond amortization table for this problem to indicate the amount of interest expense and discount amortization at each May 31. Include only the first five years. Make sure all columns and rows are properly labeled.
Assuming all of the equipment is depreciated under Class A, how much is depreciable for each asset in Year 1?
You have been employed as an entry level management accountant for a little under a year. you suspect that your immediate supervisor is involved in asignificant fraud involving diverting of company assetts to personal use.
an auditor was appointed to the audit of bid inc. bid subsequent to bids year-end date. bid is in the business of
Compute the cumulative effect of the change in accounting principle from weighted-average to FIFO inventory pricing.
What is the common stock, retained earnings, cost of goods sold and net income. I have 5000 cash, 10000 inventory,45000 building,5000accounts payable.total liabitities stockholders 60000,revenues 80000 and administrative expeneses 10000
What are three characteristics of a sole proprietorship - Are these characteristics the same as or different from those of a partnership?
What is each partners beginning putside basis and how much gain(loss) must the partners recognize in 2010 when Picture Perfect was formed?
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd