FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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A summary of material requisition slips and time tickets, along with the overhead allocation, show the following costs:

Job No. Material
Requisition
Slips
  Factory
Labor
Time
Tickets
  Overhead
Applied
 
131 $505      $200   $80     
132 235      260   104     
133 380      160   64     
134 325      320   128     
Not job specific 60      160   0     
  $1,505      $1,100   $376     

A. Prepare an entry to record the assignment of direct material to work in process. If an amount box does not require an entry, leave it blank.

    fill in the blank d3b310090003fc9_2 fill in the blank d3b310090003fc9_3
    fill in the blank d3b310090003fc9_5 fill in the blank d3b310090003fc9_6

B. Prepare an entry to record the assignment of direct labor to work in process. If an amount box does not require an entry, leave it blank.

    fill in the blank 26a436ff9fa5f86_2 fill in the blank 26a436ff9fa5f86_3
    fill in the blank 26a436ff9fa5f86_5 fill in the blank 26a436ff9fa5f86_6

C. Prepare an entry to record the assignment of manufacturing overhead to work in process. If an amount box does not require an entry, leave it blank.

    fill in the blank c78558f73ff9fa0_2 fill in the blank c78558f73ff9fa0_3
    fill in the blank c78558f73ff9fa0_5 fill in the blank c78558f73ff9fa0_6
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