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Current Attempt in Progress The following are the job cost related accounts for the law firm of Wildhorse Associates and their manufacturing equivalents: Supplies
Current Attempt in Progress The following are the job cost related accounts for the law firm of Wildhorse Associates and their manufacturing equivalents: Supplies Law Firm Accounts Payroll Liabilities Operating Overhead Service Contracts in Process Manufacturing Firm Accounts Raw Materials Inventory Payroll Liabilities Manufacturing Overhead Work in Process Inventory Cost of Completed Service Contracts Finished Goods Inventory Cost data for the month of March follow. 1 Purchased supplies on account $2.280 2 Issued supplies $1.590 (60% direct and 40% indirect). 3. Assigned labor costs based on time cards for the month which indicated labor costs of $85.400 (80% direct and 20% indirect). Onaration warhead costs incurred for cash totaled $48.800 13 zoom week 4-home Question 1 of 3 > 5.63/15 EI Operating Overhead Service Contracts in Process Manufacturing Overhead Work in Process Inventory Cost of Completed Service Contracts Finished Goods Inventory Cost data for the month of March follow. 1 Purchased supplies on account $2,280 2 Issued supplies $1,590 (60% direct and 40% indirect) 3 Assigned labor costs based on time cards for the month which indicated labor costs of $85,400 (80% direct and 20% indirect). 4 Operating overhead costs incurred for cash totaled $48,800. 5 Operating overhead is applied at a rate of 90% of direct labor cost 6 Work completed totaled $91.500 (a) 13 200 Your answer is partially correct. Journalize the transactions for March. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation 1. Supplies Debit Credit 2250 Accounts Payable 2. Service Contracts in Proce 636 Operating Overhead 954 Supplies 3. Service Contracts in Process Operating Overhead 13 A 17080 68320 2290 1300 zoom Question 1 of 3 Supplies 3. Service Ctracts in Process 17080 5.63/15 Operating Overal 6320 Service Salaries and Wigs 35400 4. Operating Overal 000 Cash 40000 5. Service Contracts in Pract 15372 Operating Overat 15372 6. Cost of Cd Service Contract 1100 1300 2009
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