What was the amount debited to work in process

Assignment Help Accounting Basics
Reference no: EM13548119

Selected accounts with some debits and credits omitted are presented as follows:
Work in Process
Aug. 01 Balance $262,810 Aug.31 Goods finished $166,610
Aug. 31 Direct materials X
Aug. 31 Direct labor $42,600
Aug.31 Factory overhead X

Factory Overhead
Aug.01-31 Costs incurred $106,290 Aug.01 Balance $14,780
Aug.31 Applied
(30% of direct labor cost) X

If the balance of Work in Process at August 31 is $215,160, what was the amount debited to Work in Process for factory overhead in August, assuming a factory overhead rate of 30%?

Select the correct answer.
$106,290
$12,780
$14,780
$166,610

Reference no: EM13548119

Questions Cloud

The bottlebrush company has income from operations : The Bottlebrush Company has income from operations of $95,940, invested assets of $130,000, and sales of $533,000. Round answers to one decimal place.
How much gross profit is recognized using percentage : How much gross profit is recognized using percentage of completion method in 2012 and 2013
Describe the classification of expenditures : Describe the classification of expenditures as those that are related to a taxpayer's trade or business, those for the production of income, and those for personal use
What is his total return in dollars on this investment : Blair purchased 290 shares of stock last year at a total cost of $14,480. He has received a total of $710 in dividends on these shares. Today, Blair sold the shares at a price per share of $46. What is his total return in dollars on this invest..
What was the amount debited to work in process : What was the amount debited to Work in Process for factory overhead
Replacement being made after each drawing : Two marbles are drawn in succession from the box containing 10 red, 30 white, 20 blue, and 15 orange marbles. replacement being made after each drawing. Find the probability that is:
How many numbers consisting of five different digits each : How many numbers consisting of five different digits each can be made from the digits 1,2,3,...,9 if (a) the numbers must be odd (b) the first two digits of each number are even
Determine the time rate of change of pressure at the fixed : A gas flows along the x axis with a speed of v = 5x m/s and a presure of p = 10x^2 N/m^2, where x is in meters.
Derive individual demand functions : The disk has an initial clockwise rotation speed of 8 rad/sec and at t=0 begins a counter-clockwise acceleration of ? = 0.6 t1.88. What is the speed of point A at t=3 sec? Point A has a radius of 2 ft.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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