Question
does anyone know how to do these questions??? its mangerial accounting and ITS ALL ONE QUESTION theres 11 columns and it connects to the number
does anyone know how to do these questions??? its mangerial accounting and ITS ALL ONE QUESTION theres 11 columns and it connects to the number A-K in the second pic. Each 11 column will look like and these are the options to all of the columns Accounts payable Accounts receivable Accumulated depreciationBuilding Accumulated depreciationFactory building Accumulated depreciationFactory equipment Building Cash Common stock Cost of goods manufactured Cost of goods sold Depreciation expenseBuilding Depreciation expenseFactory building Depreciation expenseFactory equipment Direct labor used Direct materials used Factory building Factory equipment Factory overhead Factory utilities Factory wages payable Finished goods inventory General and administrative expenses Income summary Indirect labor Insurance expense Interest expense Interest revenue Land Merchandise inventory Notes payable Overapplied overhead Paid-in capital in excess of par value, Common stock Prepaid insurance Prepaid rent Property taxesFactory Raw materials inventory Raw materials purchased Rent expense Rent payable Rent receivable RepairsFactory equipment Retained earnings Sales Sales discounts Sales returns and allowances Selling expenses Supplies Supplies expenses Underapplied overhead Utilities expense Utilities payable Wages expense Work in process inventory
[The following information applies to the questions displayed below.] Marco Company shows the following costs for three jobs worked on in April. Additional Information a. Raw Materials Inventory has a March 31 balance of $82,000. b. Raw materials purchases in April are $550,000, and total factory payroll cost in April is $382,000. c. Actual overhead costs incurred in April are indirect materials, $51,000; indirect labor, $24,000; factory rent, $32,000; factory utilities, $22,000; and factory equipment depreciation, $54,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $665,000 cash in April. a. Materials purchases (on credit). b. Direct materials used. c. Direct labor used (and paid in cash) and assigned to Work in Process Inventory. d. Indirect materials used and assigned to Factory Overhead. e. Indirect labor used (and paid in cash) and assigned to Factory Overhead. f. Overhead costs applied to Work in Process Inventory. g. Actual other overhead costs incurred (Factory rent and utilities are paid in cash.) h. Transfer of Jobs 306 and 307 to Finished Goods Inventory. i. Cost of goods sold for Job 306 . j. Revenue from the sale of Job 306 received in cash. k. Close underapplied or overapplied overhead to the Cost of Goods Sold account. 3. Prepare journal entries for the month of April to record the above transactions. Record the entry for material purchased on credit. Note: Enter debits before credits
Accounts payable Accounts receivable Accumulated depreciationBuilding Accumulated depreciationFactory building Accumulated depreciationFactory equipment Building Cash Common stock Cost of goods manufactured Cost of goods sold Depreciation expenseBuilding Depreciation expenseFactory building Depreciation expenseFactory equipment Direct labor used Direct materials used Factory building Factory equipment Factory overhead Factory utilities Factory wages payable Finished goods inventory General and administrative expenses Income summary Indirect labor Insurance expense Interest expense Interest revenue Land Merchandise inventory Notes payable Overapplied overhead Paid-in capital in excess of par value, Common stock Prepaid insurance Prepaid rent Property taxesFactory Raw materials inventory Raw materials purchased Rent expense Rent payable Rent receivable RepairsFactory equipment Retained earnings Sales Sales discounts Sales returns and allowances Selling expenses Supplies Supplies expenses Underapplied overhead Utilities expense Utilities payable Wages expense Work in process inventory
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