Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Calculator On November 14, the Milling Department accepted Job 111407A for 1,000 pounds of cereal mix. Materials: Oats Wheat Barley Malt Honey Water Standard Qty.

image text in transcribed
image text in transcribed
Calculator On November 14, the Milling Department accepted Job 111407A for 1,000 pounds of cereal mix. Materials: Oats Wheat Barley Malt Honey Water Standard Qty. 525 pounds 450 pounds 85 pounds 65 pounds 25 quarts 25 gallons Standard Cost $1.25 per pound $1.15 per pound $1.45 per pound $2.15 per pound $1.20 per quart $0.45 per gallon Time: 4 1/2 hours 1 1/2 hours $22.75 per hour $11.50 per hour Miller Loader Overhead is applied at $5.75 per pound completed. The recipe produced 1,025 pounds of cereal mix. If required, round your answers to the nearest cent a. Record the journal entry to transfer raw materials to Job 111407A. Nov. 14 b. Record the journal entry for direct labor incurred for Job 111407A. Nov. 14

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

Intermediate Accounting Volume 2

Authors: Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod-Dick, Kayla Tomulka, Romi-Lee Sevel

8th Edition

1260881245, 9781260881240

More Books

Students also viewed these Accounting questions

Question

a. Where is the person employed?

Answered: 1 week ago