During May, Bergan Company accumulated 18,700 hours of direct labor costs on Job 200 and 23,400 hours on Job 305. The total direct labor was incurred at a rate of $18.00 per direct labor hour for Job 200 and $23.00 per direct labor hour for Job 305. Journalize the entry on May 30 to record the flow of labor costs into production during May. Refer to the Chart of Accounts for exact wording of account titles.     CHART OF ACCOUNTS Bergan Company General Ledger

The cost accountant for Kenner Beverage Co. estimated that total factory overhead cost for the Blending Department for the coming fiscal year beginning May 1 would be $3,000,000, and total direct labor costs would be $2,400,000. During May, the actual direct labor cost totaled $198,400, and factory overhead cost incurred totaled $253,200. Question:  Journalize the entry to apply factory overhead to production for May.

A company has the following transactions during the week. Purchase of $900 raw materials inventory Assignment of $400 of raw materials inventory to Job 5 Payroll for 15 hours with $600 assigned to Job 5 Factory utility bills of $740 Overhead applied at the rate of $9 per hour What is the cost assigned to Job 5 at the end of the week?

Your Company applies manufacturing overhead to jobs using a predetermined overhead rate of 75% of direct labor cost. Any underapplied or overapplied manufacturing overhead cost is closed out to Cost of Goods Sold at the end of the month. During March, the following transactions were recorded by the company: Direct labor costs    $20,000 Actual manufacturing costs:  $17,000 By how much was overhead under or over applies?

During May, Bergan Company incurred factory overhead costs as follows: indirect materials, $39,000; indirect labor, $89,200; utilities cost, $18,400; and factory depreciation, $50,800. Journalize the entry on May 30 to record the factory overhead incurred during May. Refer to the Chart of Accounts for exact wording of account titles.   CHART OF ACCOUNTS Bergan Company General Ledger   ASSETS 110 Cash 121 Accounts Receivable 125 Notes Receivable 126 Interest Receivable 131 Materials 132 Work in Process 133 Factory Overhead 134 Finished Goods 141 Supplies 142 Prepaid Insurance 143 Prepaid Expenses 181 Land 191 Factory 192 Accumulated Depreciation-Factory   LIABILITIES 210 Accounts Payable 221 Utilities Payable 231 Notes Payable 236 Interest Payable 241 Lease Payable 251 Wages Payable 252 Consultant Fees Payable   EQUITY 311 Common Stock 340 Retained Earnings 351 Dividends 390 Income Summary…

Instructions During May, Bergan Company accumulated 2,500 hours of direct labor costs on Job 200 and 3,000 hours on Job 305. The total direct labor was incurred at a rate of $28 per direct labor hour for Job 200 and $24 per direct labor hour for Job 305. Required: Journalize the entry to record the flow of labor costs into production during May. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for spaces or journal explanations. Every line on a journal page is used for debit or credit entries. Do not add explanations or skip a line between journal entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.

Present entries to record the following summarized operations related to production for a company using a job order cost system on December 31. Refer to the Chart of Accounts for exact wording of account titles. (a) Materials purchased on account $176,000 (b) Prepaid expenses incurred on account 12,200 (c) Materials requisitioned:     For production orders 153,700   For general factory use 2,700 (d) Factory labor used:     On production orders 141,300   For general factory purposes 12,000 (e) Depreciation on factory equipment 37,000 (f) Expiration of prepaid expenses, chargeable to factory 6,100 (g) Factory overhead costs incurred on account 76,000 (h) Factory overhead applied, based on machine hours 105,300 (i) Jobs finished 415,300 (j) Jobs shipped to customers: Cost 412,000   Selling price (assume all sold on account) 638,000   Chart of Accounts General Ledger   ASSETS 110 Cash 121 Accounts Receivable 131 Materials 133 Work in…

Your Company applies manufacturing overhead to jobs using a predetermined overhead rate of 75% of direct labor cost. Any underapplied or overapplied manufacturing overhead cost is closed out to Cost of Goods Sold at the end of the month. During March, the following transactions were recorded by the company: Direct labor costs    $20,000 Actual manufacturing costs:  $17,000 How much overhead was applied for the period?

During the current month, a company that uses job order costing incurred a monthly factory payroll of $218,500. Of this amount, $52,000 is classified as indirect labor and the remainder as direct. Prepare journal entries to record these transactions. View transaction list Journal entry worksheet < 1 2 Record the cost of direct labor used. Note: Enter debits before credits. Transaction 1 Record entry General Journal Clear entry Debit Credit View general journal

Direct Labor Costs During May, Salinger Company accumulated 690 hours of direct labor costs on Job 200 and 880 hours on Job 305. The total direct labor was incurred at a rate of $18 per direct labor hour for Job 200 and $21 per direct labor hour for Job 305. Journalize the entry to record the flow of labor costs into production during May. If an amount box does not require an entry, leave it blank.