Reference no: EM132715145
Problem - Entries for Costs in a Job Order Cost System
Barnes Company uses a job order cost system. The following data summarize the operations related to production for October:
a. Materials purchased on account, $315,500.
b. Materials requisitioned, $290,100, of which $8,150 was for general factory use.
c. Factory labor used, $489,500 of which $34,200 was indirect.
d. Other costs incurred on account for factory overhead, $600,000; selling expenses, $150,000; and administrative expenses, $100,000.
e. Prepaid expenses expired for factory overhead were $18,000; for selling expenses, $6,000; and for administrative expenses, $5,000.
f. Depreciation of office building was $30,000; of office equipment, $7,500; and of factory equipment, $60,000.
g. Factory overhead costs applied to jobs, $711,600.
h. Jobs completed, $1,425,000.
i. Cost of goods sold, $1,380,000.
Instructions - Journalize the entries to record the summarized operations.
Describe an effective leadership approach
: Describe an effective leadership approach from a biblical perspective including core attributes and style and approach.
|
Determine the gross profit on the Obsidian case
: Determine the gross profit on the Obsidian case, assuming that over- or underapplied office overhead is closed monthly to cost of services
|
Limitations of blockchain and emerging concepts
: Blockchain continues to be deployed into various businesses and industries. However, Blockchain is not without its problems.
|
Telecomm network security
: How the knowledge, skills, or theories of this course have been applied, or could be applied, in a practical manner to your current work environment.
|
Problem - Entries for Costs in a Job Order Cost System
: Entries for Costs in a Job Order Cost System - Depreciation of office building was $30,000; of office equipment, $7,500; and of factory equipment, $60,000
|
What are main product and service offerings
: If you could start a retail business (selling products and services to individuals and families), what would be your ideal retail business.
|
How external environment can impact on change strategies
: Explain the importance of a participative management style when implementing organisation change.
|
Produce hierarchical clustering model
: Produce a hierarchical clustering (COBWEB) model for iris data. How many clusters did it produce? Why? Does it make sense? What did you expect?
|
Evaluate the effectiveness of different approaches
: Critically assess the key principles and theories underlying strategic people management and explain how their application enhances organizational
|