Bergo Bay's accounting system generated the following account balances on December 31. The company's manager knows something is wrong with this list of balances because it does not show any balance for Work in Process Inventory, and the accrued factory payroll (Factory Wages Payable) has not been recorded. Debit Credit Cash $ 68,000 Accounts receivable 37,000 Raw materials inventory 23,500 Work in process inventory 0 Finished goods inventory 6,000 Prepaid rent 2,000 Accounts payable $9,000 Notes payable 12,000 Common stock 20,000 Retained earnings (prior year) 94,000 Sales 169,500 Cost of goods sold 100,000 Factory overhead 27,000 General and administrative expenses 41,000 Totals $ 304,500 $ 304, 500 These six documents must be processed to bring the accounting records up to date. Materials requisition 10: $4,600 direct materials to Job 402 Materials requisition 11: $ 7,200 direct materials to Job 404 Materials requisition 12: $ 1,500 indirect materials Labor time ticket 52: $ 5,000 direct labor to Job 402 Labor time ticket 53: $ 15,000 direct labor to Job 404 Labo time ticket 54: $ 5,000 indirect labor Jobs 402 and 404 are the only jobs in process at year - end. The predetermined overhead rate is 100% of direct labor cost. Direct materials. Direct labor. Overhead applied. Indirect materials. Indirect labor. Required: 1. Use the document information above to prepare journal entries for the above costs.

Vinubhai

[The following information applies to the questions displayed below.] Bergo Bay's accounting system generated the following account balances on December 31. The company's manager knows something is wrong with this list of balances because it does not show any balance for Work in Process Inventory, and the accrued factory payroll (Factory Wages Payable) has not been recorded. Cash Accounts receivable Raw materials inventory Debit $ 76,000 Credit 45,000 27,500 Work in process inventory 0 Finished goods inventory 15,000 Prepaid rent 5,000 Accounts payable $ 9,000 Notes payable 12,000 Common stock 50,000 Retained earnings (prior year) 78,000 Sales 213,500 Cost of goods sold 116,000 Factory overhead 27,000 General and administrative 51,000 expenses $ Totals 362,500 362,500 These six documents must be processed to bring the accounting records up to date. Materials requisition 10: Materials $ 4,500 direct materials to Job 402 $ 7,100 requisition 11: Materials requisition 12: Labor time ticket…

Quality Motor Company is an auto repair shop that uses standards to control its labor time and labor cost. The standard labor cost for a motor tune-up is given below: Standard Hours Standard Rate Standard Cost Motor tune-up 2.50 $ 32.00 $ 80.00 The record showing the time spent in the shop last week on motor tune-ups has been misplaced. However, the shop supervisor recalls that 52 tune-ups were completed during the week, and the controller recalls the following variance data relating to tune-ups: Labor rate variance $ 300 F Labor spending variance $ 340 U Required: 1. Determine the number of actual labor - hours spent on tune-ups during the week. 2. Determine the actual hourly pay rate for tune-ups last week. (Round your answer to 2 decimal places.)