Question
1.) What is the required journal entry when $1,000 of wood is used to build a bookcase? To receive full credit ALWAYS give ALL journal
1.) What is the required journal entry when $1,000 of wood is used to build a bookcase? To receive full credit ALWAYS give ALL journal entries in proper form.
2.) What is the required entry to record $700 of wages for the supervisor to the carpenter of the above bookcase?
3.) Give the entry for $50 worth of glue used to make the above bookcase.
4.) What is the entry to record $500 of wages for the carpenter of the bookcase?
5.) Give the entry to record the $200 wages for the bookkeeper that handles accounting for the bookcases.
6,) If actual indirect costs were $600 but our predetermined rate says we should apply $500 what is the required entry to applyoverhead to the job?
7.) Give the entry to record the completion of a bookcase which required $400 in direct labor, $600 in indirect labor, $700 in direct materials and $200 in indirect materials with actual overhead costs of $800 and applied overhead of $750.
8.) If a job consisting of 30 units requires Direct Labor of $600, Direct Materials of $400, Manufacturing Overhead of $200, Marketing costs of $100, what is the total product cost? and what is the unit product cost?
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