CourseLover

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About CourseLover

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Elementary,Middle School,High School,College,University,PHD

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Algebra,Applied Sciences See all
Algebra,Applied Sciences,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Engineering,Health & Medical,HR Management,Law,Marketing,Math,Physics,Psychology,Programming,Science Hide all
Teaching Since: May 2017
Last Sign in: 286 Weeks Ago, 6 Days Ago
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Education

  • MCS,MBA(IT), Pursuing PHD
    Devry University
    Sep-2004 - Aug-2010

Experience

  • Assistant Financial Analyst
    NatSteel Holdings Pte Ltd
    Aug-2007 - Jul-2017

Category > Accounting Posted 23 Dec 2017 My Price 10.00

Record the proper journal entry for each transaction

Record the proper journal entry for each transaction.
a. $190,000 of materials were purchases on account.
b. $174,000 of materials were used in production; of this amount, $152,000 was used on specific jobs
c. Manufacturing labor and salaries for the month totaled $225,000. A total of $190,000 of manufacturing labor and salaries was traced to specific jobs, while the remainder was indirect labor used in the factory.
d. The company recorded $20,000 of depreciation on the plant and the plant equipment. The company also received a plant utility bill for $10,000.
e. $81,000 of manufacturing overhead was allocated to specific jobs
2. By the end of January, was manufacturing overhead overallocated or underallocated. By how much?

Answers

CourseLover
(12)
Status NEW Posted 23 Dec 2017 03:12 PM My Price 10.00

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