Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

what is the answer from 22 to 24 please 22) The accOunts of Melissa Manufacturing showed the following balances at the beginning of December 22)

what is the answer from 22 to 24 please
image text in transcribed
22) The accOunts of Melissa Manufacturing showed the following balances at the beginning of December 22) Account Raw Materials Inventory Work-in-Pracess Inventory Finished Goods inventory Manufacturing Overhead Debit $55000 81.000 38.000 17,000 The following transactions took place during the month: December 2: Issued direct materials $37,000 and indirect materlals $4000 to production December 15 Incurred $6000 and $5000 toward factory's direct labor cost and indirect labor cost, respectively What should be the balance in the Work-in-Process Inventory following these transactions? A) $86,000 B) $87,000 D) $75,000 C) $124,000 23) 23) On June 1, Westbrook Productions had beainning balances as shown in the T-accounts below Raw Materials Inventory 10,000 Work-In-Process Inventory 20.000 Finished Goods Inventory 25,000 Manufacturing Overhead 41.000 During June, the following transactions took place: June 2: Issued $3300 of direct materials and $600 of indirect materials to production. June 13: Incurred $7400 of direct factory labor cost and $14,800 of indirect factory labor cost. What was the balance in the Manufacturing Overhead account following these transactions? A) $59,100 D) $41,600 C) $56,400 B) $55,800 24) 24) The predetermined overhead allocation rate is the rate used to A) allocate estimated manufacturing overhead costs to jobs B) allocate actual manufacturing overhead costs incurred during a period C) trace manufacturing and nonmanufacturing costs to jobs D) assign direct material costs to jobs

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

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

What Is acidity?

Answered: 1 week ago

Question

Explain the principles of delegation

Answered: 1 week ago

Question

State the importance of motivation

Answered: 1 week ago

Question

Discuss the various steps involved in the process of planning

Answered: 1 week ago

Question

What are the challenges associated with tunneling in urban areas?

Answered: 1 week ago