Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ACCOUNTS RECEVABLE DERS RATE 101 ACCOUNTS PAYABLE COST OFERVICES CCOUNTING REVENL WORK IN PROCESS INV DL FO 10 30 DI EO DU TOTAL OFFICE OVERHEAD

image text in transcribed
image text in transcribed
ACCOUNTS RECEVABLE DERS RATE 101 ACCOUNTS PAYABLE COST OFERVICES CCOUNTING REVENL WORK IN PROCESS INV DL FO 10 30 DI EO DU TOTAL OFFICE OVERHEAD SALARES PAYABLE DE HRS DL FO BATE 5120 90 102 30. 50 TOTAL DLERS PREPAID INSURANCE RATE 3120 DL EO 100 10 50 TOTA 10 TRANSACTIONS FOR NORA'S TAX SERVICE 1 Non started her to service on January 1, 2019 She began by budgeting the offer overhead comprometed for the first year Ofice Rent $36.000 Indirect labor.secretariado 100.000 Protococos 8.000 Comprar costs here and software) 24.000 10000 Total End Office Overed 2019 2 No plans to worty 10 hour weeks in 2019. for a total 2.000 director hours Calculate the precedeged Rate Total Comased Othead/stmated DL Hunt EQUIPMENT DERS PATE 104 10 10 10 DL FO DUM TOTAL 10 ACC.DEPR EQUIP POR DES PATE 112 DL FO 105 10 10 DR OR TOTAL O ACCOUNTS RECEIVABLE O OIFICE OVERHEAD O PREPAID INSURANCE 1 EQUIPMENT ACG. DER LOUW WORK IN PROCESSIN ACCOUNTS PAYABLE o SALARIES PAYABLE O COST OF SERVICES ACCOUNTING REVENUE AUTOMATED TOTALS FOR CS 13 DE TOTAL FO TOTAL anter Decorate 120 eu des the number of director hours worked by Nora in the HOURS COLUMN for Blind Foth cost sheetsemasto as these FOTO Record the actualice Overheads fotos ORCE OVERHEAD 10.00 SALARES PAYABLE ACCOUNTS PAYABLE PREPAID INSURANCE 1500 AOC DEPR EQUIP 5 Make two summary entries to the accounts as follows WORK IN PROCESS Nora's compensation add up the DL figures on the job cost sheets SALARIES PAYABLE 5 Make two summary entries to the T-accounts, as follows: WORK IN PROCESS XXX Nora's compensation (add up the DL figures on the job cost sheets) SALARIES PAYABLE XXX XXX WORK IN PROCESS FACTORY OVERHEAD Applying office (add the FO figures on the job cost sheets) XXX 6 At this point is the overhead over or underapplied and by how much? 0 0 Over or Under? By how much? 7 Jobs 101 and 102 were complete and delivered to customers. The customer for Job 101 was billed $5,000 and the customer for Job 102 was billed $7,000. The entry should look like this: XXX Accounts Receivable Accounting Revenue XXX XXX Fill in costs of Job 101 + Job 102 Cost of Services Work in Process XXX ACCOUNTS RECEVABLE DERS RATE 101 ACCOUNTS PAYABLE COST OFERVICES CCOUNTING REVENL WORK IN PROCESS INV DL FO 10 30 DI EO DU TOTAL OFFICE OVERHEAD SALARES PAYABLE DE HRS DL FO BATE 5120 90 102 30. 50 TOTAL DLERS PREPAID INSURANCE RATE 3120 DL EO 100 10 50 TOTA 10 TRANSACTIONS FOR NORA'S TAX SERVICE 1 Non started her to service on January 1, 2019 She began by budgeting the offer overhead comprometed for the first year Ofice Rent $36.000 Indirect labor.secretariado 100.000 Protococos 8.000 Comprar costs here and software) 24.000 10000 Total End Office Overed 2019 2 No plans to worty 10 hour weeks in 2019. for a total 2.000 director hours Calculate the precedeged Rate Total Comased Othead/stmated DL Hunt EQUIPMENT DERS PATE 104 10 10 10 DL FO DUM TOTAL 10 ACC.DEPR EQUIP POR DES PATE 112 DL FO 105 10 10 DR OR TOTAL O ACCOUNTS RECEIVABLE O OIFICE OVERHEAD O PREPAID INSURANCE 1 EQUIPMENT ACG. DER LOUW WORK IN PROCESSIN ACCOUNTS PAYABLE o SALARIES PAYABLE O COST OF SERVICES ACCOUNTING REVENUE AUTOMATED TOTALS FOR CS 13 DE TOTAL FO TOTAL anter Decorate 120 eu des the number of director hours worked by Nora in the HOURS COLUMN for Blind Foth cost sheetsemasto as these FOTO Record the actualice Overheads fotos ORCE OVERHEAD 10.00 SALARES PAYABLE ACCOUNTS PAYABLE PREPAID INSURANCE 1500 AOC DEPR EQUIP 5 Make two summary entries to the accounts as follows WORK IN PROCESS Nora's compensation add up the DL figures on the job cost sheets SALARIES PAYABLE 5 Make two summary entries to the T-accounts, as follows: WORK IN PROCESS XXX Nora's compensation (add up the DL figures on the job cost sheets) SALARIES PAYABLE XXX XXX WORK IN PROCESS FACTORY OVERHEAD Applying office (add the FO figures on the job cost sheets) XXX 6 At this point is the overhead over or underapplied and by how much? 0 0 Over or Under? By how much? 7 Jobs 101 and 102 were complete and delivered to customers. The customer for Job 101 was billed $5,000 and the customer for Job 102 was billed $7,000. The entry should look like this: XXX Accounts Receivable Accounting Revenue XXX XXX Fill in costs of Job 101 + Job 102 Cost of Services Work in Process XXX

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Quality Auditing In Construction Projects

Authors: Abdul Razzak Rumane

1st Edition

1032570245, 978-1032570242

More Books

Students also viewed these Accounting questions

Question

What did the titlr VII of the civil rigjts act 1964 do

Answered: 1 week ago

Question

What are negative messages? (Objective 1)

Answered: 1 week ago