Business, 05.05.2020 19:19 zmoore3793

Schrager Company has two production departments: Cutting and Assembly. July 1 inventories are Raw Materials $5,200, Work in Process—Cutting $3,700, Work in Process—Assembly $10,800, and Finished Goods $32,800. During July, the following transactions occurred. 1. Purchased $63,700 of raw materials on account. 2. Incurred $61,900 of factory labor. (Credit Wages Payable.) 3. Incurred $71,500 of manufacturing overhead; $41,600 was paid and the remainder is unpaid. 4. Requisitioned materials for Cutting $17,800 and Assembly $9,300. 5. Used factory labor for Cutting $34,900 and Assembly $27,000. 6. Applied overhead at the rate of $20 per machine hour. Machine hours were Cutting 1,710 and Assembly 1,770. 7. Transferred goods costing $69,410 from the Cutting Department to the Assembly Department. 8. Transferred goods costing $136,900 from Assembly to Finished Goods. 9. Sold goods costing $151,800 for $201,400 on account. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 22:10

There are more than two types of bachelors’ degrees true or false?

Answers: 1

Answer

Business, 22.06.2019 02:20

The following information is available for juno company for the month ending june 30, 2019. * balance as per the bank statement is $ 11 comma 000. * balance as per books is $ 10 comma 400. * check #506 for $ 1 comma 200 and check #510 for $ 900 were not shown on the june 30, bank statement. * a deposit in transit of $ 3 comma 346 had not been received by the bank when the bank statement was generated. * a bank debit memo indicated an nsf check for $ 70 written by jane smith to juno company on june 13. * a bank credit memo indicated a note collected by the bank of $ 1 comma 900 and interest revenue of $ 51 on june 20. * the bank statement indicated service charges of $ 35. what is the adjusted book balance?

Answers: 3

Answer

Business, 22.06.2019 10:00

Scenario: you have advised the owner of bond's gym that the best thing to do would be to raise the price of a monthly membership. the owner wants to know what may happen once this price increase goes into effect. what will most likely occur after the price of a monthly membership increases? check all that apply. current members will pay more per month. the quantity demanded for memberships will decrease. the number of available memberships will increase. the owner will make more money. bond's gym will receive more membership applications.

Answers: 1

Answer

Business, 22.06.2019 12:10

The cost of the beginning work in process inventory was comprised of $3,000 of direct materials, $10,000 of direct labor, and $10,000 of factory overhead. costs incurred during the period were comprised of $15,000 of direct materials costs, and $100,000 of conversion costs. the equivalent units of production (eup) for the period were 9,000 for direct materials and 6,000 for conversion. the costs per eup were:

Answers: 3

Answer

You know the right answer?

Schrager Company has two production departments: Cutting and Assembly. July 1 inventories are Raw Ma...

Questions