Question
Need help with this HW problem. So you know for answer 5, 125755 and 126700 are wrong answers. Thank you. Exercise 25-20 Your answer is
Need help with this HW problem. So you know for answer 5, 125755 and 126700 are wrong answers. Thank you.
Exercise 25-20Your answer is partially correct.Try again.Vista Company installed a standard cost system on January 1. Selected transactions for the month of January are as follows.
1.Purchased18,500units of raw materials on account at a cost of $3.60per unit. Standard cost was $3.20per unit.2.Issued18,500units of raw materials for jobs that required18,050standard units of raw materials.3.Incurred15,000actual hours of direct labor at an actual rate of $4.10per hour. The standard rate is $4.50per hour. (Credit Factory Wages Payable.)4.Performed15,000hours of direct labor on jobs when standard hours were15,110.5.Applied overhead to jobs at the rate of 100% of direct labor cost for standard hours allowed.
Journalize the January transactions.(Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 125.)
No.
Account Titles and Explanation
Debit
Credit
1.
2.
3.
4.
5.
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