FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
fill out the yellow highlighted cells based on the information provided
00 >0 A Cell fx Select one H. K Jan. 11: Purchased leather materials for bags on account for $76,000 Accounts payable $ 76,000 Jan 14: Issued materials ($43,500) to production which included leather materials ($40,000) to specific jobs and bag cleaning materials (S Jan 21: Payroll costs were incurred as follows: $18,000 for stitching assembly workers, $9,000 for factory supervisors, $15,000 for salespen Salaries payable Selling expense $ 15,000 $42,000 Jan 31: Recorded depreciation: $1,200 for production building and $1,800 for office building. Accumulated depreciation 3,000 %24
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Transcribed Image Text:00 >0 A Cell fx Select one H. K Jan. 11: Purchased leather materials for bags on account for $76,000 Accounts payable $ 76,000 Jan 14: Issued materials ($43,500) to production which included leather materials ($40,000) to specific jobs and bag cleaning materials (S Jan 21: Payroll costs were incurred as follows: $18,000 for stitching assembly workers, $9,000 for factory supervisors, $15,000 for salespen Salaries payable Selling expense $ 15,000 $42,000 Jan 31: Recorded depreciation: $1,200 for production building and $1,800 for office building. Accumulated depreciation 3,000 %24
D K Jan 31: Applied manufacturing overhead at a rate of 25% of direct material cost used in production. What is the amount of overapplied or underapplied manufacturing overhead related to the above transactions? Select one 50 51
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Transcribed Image Text:D K Jan 31: Applied manufacturing overhead at a rate of 25% of direct material cost used in production. What is the amount of overapplied or underapplied manufacturing overhead related to the above transactions? Select one 50 51
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