During August, Carrothers Company incurred factory overhead costs as follows: indirect materials, $16,400; indirect labor, $21,300; utilities
Question:
During August, Carrothers Company incurred factory overhead costs as follows: indirect materials, $16,400; indirect labor, $21,300; utilities cost, $8,900; and factory depreciation, $17,100. Journalize the entry to record the factory overhead incurred during August.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 46% (15 reviews)
In a manufacturing business some costs are directly allocated to the ...View the full answer
Answered By
Sapna Goel
Hi students
I am a post graduate in commerce with Chartered Accountant Immediate. I have 8 years of teaching experience in all subjects under accounting like financial accounting, management accounting, cost accounting, financial management, auditing, taxation etc. I have taught to school students, college level graduate and post graduate students and also professional students that are pursuing Chartered Accountancy Course. I have also worked on platforms to provide online homework and assignment solutions. Solutions are very effective and in clear language and concept, so that student can easily understand it and grab it.
0.00
0 Reviews
10+ Question Solved
Related Book For
Accounting
ISBN: 9781337902687
28th Edition
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider
Question Posted:
Students also viewed these Business questions
-
During April, Darling company incurred factory overhead costs as follows: indirect materials, $30,000; indirect labor, $78,000; utilities cost, $7,000; and factory depreciation, $55,000. Journalize...
-
During June, Plowers Company incurred factory overhead costs as follows: indirect materials, $14,000; indirect labor, $15,000; utilities cost, $6,500; and factory depreciation, $14,500. Journalize...
-
During February, Gross Company incurred factory overhead costs as follows: indirect materials, $ 34,000; indirect labor, $ 81,000; utilities cost, $ 10,000; and factory depreciation, $ 61,000....
-
Perform the indicated operations. (3x + 4x 7) (2x - 8x + 3x) -
-
What are source characteristics? What types are there? How do they affect processing of a message and the communication effects of the message?
-
To what extent does the U.S. Constitution protect the right to trial by jury in a criminal case?
-
You are processing halibut livers that contain approximately \(25.2 \mathrm{wt} \%\) fish oil and \(74.8 \mathrm{wt} \%\) insoluble solids. The following data for leaching fish oil from halibut...
-
Prissy Paulines Barbecue Restaurant in Greensboro makes two primary food items fresh each morning: pulled pork barbecue and beef brisket barbecue. These two items are sold as part of different menu...
-
Maleic Chemical Company has an annual revenue of $2 billion/year, half of which ($1 Billion/y) comes from a single product, Maleic Anhydride (MA, C4H2O3 ). The company currently sells MA for $2.50/kg...
-
An examination of the cash activities during the year shows the following. Suzie has not reconciled the company?s cash balance with that of the bank since the company was started. She asks Summit...
-
A summary of the time tickets for the current month follows: Journalize the entry to record the factory labor costs. Job No. Amount Job No. Amount $ 7,800 $ 8,500 4,400 100 Indirect 101 11,900 111...
-
Lockmiller Company estimates that total factory overhead costs will be $867,000 for the year. Direct labor hours are estimated to be 102,000. For Lockmiller Company, (a) Determine the predetermined...
-
Why should a Contents search typically be left to a more experienced researcher?
-
Imagine that you are a Product Development manager of one (1) Takaful operator. You have been asked by the Board of Directors to come up with a proposal to improve the current coverage, benefits and...
-
it is true that once a company goes public, they have to pay attention to their shareholders and the investing public. Most companies don't pay dividends immediately, but eventually. Do you know how...
-
A group of people were asked if they had run a red light in the last year. 451 responded "yes", and 486 responded "no". Find the probability that if a person is chosen at random, they have run a red...
-
2. What are three applications of financial statement analysis? Describe three different uses
-
Discuss the use of SIC and NAICSand the limitations of each ? Identify the SIC code and NAICS code for any corporation ?
-
How did wind-generated resonance affect the Tacoma Narrows Bridge in Washington in 1940?
-
Catalytic hydrogenation of naphthalene over PdC results in rapid addition of 2 moles of H 2 . Propose a structure for this product.
-
(EPS: Simple Capital Structure) On January 1, 2010, Bailey Industries had stock outstanding as follows. 6% Cumulative preferred stock, $100 par value, issued and outstanding 10,000 shares $1,000,000...
-
(EPS: Simple Capital Structure) At January 1, 2010, Cameron Companys outstanding shares included the following. 280,000 shares of $50 par value, 7% cumulative preferred stock 800,000 shares of $1 par...
-
(EPS with Convertible Bonds, Various Situations) In 2010 Buraka Enterprises issued, at par, 75 $1,000, 8% bonds, each convertible into 100 shares of common stock . Buraka had revenues of $17,500 and...
-
Your firm needs a computerized machine tool lathe which costs $43,000 and requires $11,300 in maintenance for each year of its 3- year life. After three years, this machine will be replaced. The...
-
Date 18. December Share Price A 51.50 EUR 1. January 56.40 EUR 15. January 56.00 EUR 29. January 55.90 EUR 12. February 57.30 EUR 26. February 59.20 EUR 12. March 61.30 EUR 26. March 52.70 EUR 9....
-
36 Suppose that you and your friend both need to borrow the same amount of money. You borrow money from Bank A, which offers loans at an annual interest rate of 4.7% with continuous compounding. ....
Study smarter with the SolutionInn App