Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please, help with question 29-30-31-32-33 and 34.... 29. The entry to record the flow of direct labor costs into production in a job order cost

please, help with question 29-30-31-32-33 and 34.... image text in transcribed
29. The entry to record the flow of direct labor costs into production in a job order cost accounting system is: a. debit Factory Overhead, credit Work in Process b. debit Finished Goods, credit Wages Payable rk in Process, credit Wages Payable d. debit Factory Overhead, credit Wages Payable 30. If the amount of factory overhead cost incurred exceeds the amount applied, the factory overhead account will have a: a. debit balance and be underapplied b. credit balance and be underapplied c. credit balance and be overapplied d. debit balance and be overapplied 31. The recording of the factory labor incurred for general factory use would include a debit to: a. Factory Overhead Inhibero basso b. Wages Payable 80 29001 oldab c. Wages Expense d. Cost of Goods Sold 32. The recording of the jobs completed would include a debit to: a. Factory Overhead b. Finished Goods c. Work in Process d. Cost of Goods Sold 33. Pinhead Manufacturers Inc. has estimated total factory overhead costs of $95,000 and 10,000 direct labor hours for the current fiscal year. If job number 117 incurred 2,300 direct labor hours, the work in process account will be debited and factory overhead will be credited for: a. $21,850 b. $2,300 c. $95,000 d. cannot be determined 34. When job 711 was completed, direct materials totaled $4,000; direct labor, $5,600; and factory overhead, $2,400 respectively. Units produced totaled 1,000. Unit costs are: a. $12,000 b. $1,200

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

Students also viewed these Accounting questions