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what is the answer for question 1 and 2? 1. All of the following companies would use job-order costing except: a) print shops b) custom
what is the answer for question 1 and 2?
1. All of the following companies would use job-order costing except: a) print shops b) custom furniture maker c) assembly line manufacturer d) construction company e) landscaper 2. ABC Company entered into the following transactions during 2022: a. direct materials purchased on account totaled $27,000 b. paid salaries totaling $40,000; $12,000 paid to assembly line workers; $18,000 paid to the CEO; $10,000 paid to the shop janitors C. direct materials used during 2022 totaled $19,000 d. depreciation on factory equipment totaled $7,000 e. overhead was applied to production at a rate of 75% of direct labor cost f. utility costs totaled $10,000; 30% was related to the factory and 70% was related to the sales building 8. units costing $28,000 were completed during 2022 h. depreciation on sales equipment totaled $4,000 i, units costing $15,000 were sold during 2022 at a total selling price of $61,000 Assume there were no beginning inventories of any type at January 1, 2022. The journal entry to record transaction (e) would include a debit to: a) none of the above choices are correct b) more than one of the above choices could be correct c) direct labor d) finished goods inventory e) manufacturing overhead f) work in process inventoryStep by Step Solution
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