This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Here is some basic data for Wharton Company:Cost of materials purchases on account$75,000Cost of ... (Read 33 times)

penguins

  • Hero Member
  • *****
  • Posts: 903
on: Jan 4, 2020
Here is some basic data for Wharton Company:

Cost of materials purchases on account$75,000
Cost of materials requisitioned (includes $2,000 of indirect)43,000
Direct labour costs incurred75,000
Manufacturing overhead costs incurred, including indirect materials95,000
Cost of goods completed226,750
Cost of goods sold138,000
Beginning raw materials inventory   15,000
Beginning work in process inventory32,000
Beginning finished goods inventory31,000
Predetermined manufacturing overhead rate (as % of direct labour cost)125%


For Wharton Company the journal entry to record the cost of direct materials placed into production involves a
◦ debit to overhead for $41,000.
◦ debit to work in process inventory for $43,000.
◦ credit to manufacturing overhead for $2,000.
◦ debit to work in process inventory for $41,000.
Managerial Accounting, Canadian Edition ¦ Braun, Tietz, Pyper ¦ 2nd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by penguins on Jan 4, 2020

blakeserpa

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jan 4, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 55% of students answer this correctly


penguins

  • Member
  • Posts: 903
Reply 2 on: Jan 4, 2020
Great answer, keep it coming :)

ebonylittles

  • Member
  • Posts: 318
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

4.1 Age changes in total IQ based on cross-sectional data (lower line) and longitudinal data ... 4.1 Age changes in total IQ based on cross-sectional data (lower line) and longitudinal data ...
The tools necessary to adjust the valves on an engine with adjustable rocker arms include basic hand ... The tools necessary to adjust the valves on an engine with adjustable rocker arms include basic hand ...
Selective breeding of maze-bright and maze-dull strains of rats by Tryon (1934). (Data from Cooper, ... Selective breeding of maze-bright and maze-dull strains of rats by Tryon (1934). (Data from Cooper, ...
The basic structure of an antibody molecule. Two heavy chains are joined by two light chains. The ... The basic structure of an antibody molecule. Two heavy chains are joined by two light chains. The ...
data data
Gamete genotype frequencies calculated from genetic linkage data Gamete genotype frequencies calculated from genetic linkage data
Video: Introduction to filtration - filtrate formation and composition

For a complete list of videos, visit our video library