subject
Business, 24.09.2020 14:01 LEXIEXO

Lombardi Company manufactures a single product by a continuous process, involving three production departments. The records indicate that direct materials, direct labor, and applied factory overhead for Department 1 were $100,000, $125,000, and $150,000. respectively. The records further indicate that direct materials, direct labor, and applied factory overhead for Department 2 were $50,000. $60,000. and $70,000, respectively. In addition, work in process at the beginning of the period for Department 1 totaled $75,000, and work in process at the end of the period totaled $60,000. The journal entry to record the flow of costs into Department 1 during the period for direct materials is:. a. Work in process Department 1 100000
Material 10,0000
b. Work in process Department 1 50,000
Material 50,000
c. Material 100,000
Work in process Department 1 100,000
d. Material 50,000 Work in process Department 1 50,000
e. None of the above

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 12:50
Two products, qi and vh, emerge from a joint process. product qi has been allocated $34,300 of the total joint costs of $55,000. a total of 2,900 units of product qi are produced from the joint process. product qi can be sold at the split-off point for $11 per unit, or it can be processed further for an additional total cost of $10,900 and then sold for $13 per unit. if product qi is processed further and sold, what would be the financial advantage (disadvantage) for the company compared with sale in its unprocessed form directly after the split-off point?
Answers: 2
question
Business, 22.06.2019 15:30
On january 15, the end of the first biweekly pay period of the year, north company’s payroll register showed that its employees earned $32,000 of sales salaries. withholdings from the employees’ salaries include fica social security taxes at the rate of 6.2%, fica medicare taxes at the rate of 1.45%, $3,000 of federal income taxes, $772 of medical insurance deductions, and $260 of union dues. no employee earned > $7,000 in this first period. prepare the journal entry to record north company’s january 15 (employee) payroll expenses and liabilities.
Answers: 3
question
Business, 22.06.2019 19:40
Adistinguishing feature of ecological economics is the concept of cost-benefit analysis steady-state economies that, like natural systems, neither grow nor shrink environmental damage and also environmental benefits are external greenwashing to increase public acceptance of products the only healthy economy is one that is growing
Answers: 1
question
Business, 22.06.2019 20:20
Gamegirl inc., has the following transactions during august. august 6 sold 76 handheld game devices for $230 each to ds unlimited on account, terms 2/10, net 60. the cost of the 76 game devices sold, was $210 each. august 10 ds unlimited returned six game devices purchased on 6th august since they were defective. august 14 received full amount due from ds unlimited. required: prepare the transactions for gamegirl, inc., assuming the company uses a perpetual inventory syste
Answers: 2
You know the right answer?
Lombardi Company manufactures a single product by a continuous process, involving three production d...
Questions
question
Mathematics, 13.04.2021 06:10
question
Mathematics, 13.04.2021 06:10
question
Mathematics, 13.04.2021 06:10
question
Mathematics, 13.04.2021 06:10
question
Mathematics, 13.04.2021 06:10
Questions on the website: 13722360