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

Author Question: Morgan Enterprises uses a job costing system. Record the following transactions in Morgan ... (Read 110 times)

frankwu

  • Hero Member
  • *****
  • Posts: 549
on: Jan 4, 2020
Morgan Enterprises uses a job costing system. Record the following transactions in Morgan Enterprises' general journal for the current month:

a) Purchased raw materials on account, $60,000.
b) Requisitioned $35,600 of direct materials and $5,600 of indirect materials for use in production.
c) Factory payroll incurred, $72,000; 80% direct labour, 20% indirect labour.
d) Recorded depreciation expense factory equipment $9,600, and other manufacturing overhead
of $33,680 (credit accounts payable).
e) Allocated manufacturing overhead costs based on 120% of direct labour cost.
f) Cost of completed production for the current month, $113,600.
g) Cost of finished goods sold, $92,000; selling price, $140,000 (all sales on account).
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 frankwu on Jan 4, 2020

missalyssa26

  • Sr. Member
  • ****
  • Posts: 327
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 64% of students answer this correctly


frankwu

  • Member
  • Posts: 549
Reply 2 on: Jan 4, 2020
Thanks for the timely response, appreciate it

Liamb2179

  • Member
  • Posts: 365
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

The accessory organs of the digestive system: the liver, gallbladder, and pancreas. Image shows the The accessory organs of the digestive system: the liver, gallbladder, and pancreas. Image shows the
Receptors in the autonomic nervous system: (a) sympathetic division; (b) parasympathetic division Receptors in the autonomic nervous system: (a) sympathetic division; (b) parasympathetic division
The Reticular Activating System and Related Regions in the Brain Are Important Areas of Focus for D The Reticular Activating System and Related Regions in the Brain Are Important Areas of Focus for D
Schematic of a Ford TFI-IV ignition system. The SPOUT connector is unplugged when ignition timing ... Schematic of a Ford TFI-IV ignition system. The SPOUT connector is unplugged when ignition timing ...
The U.S. military uses its own marking system to identify explosive hazards (left), chemical hazards ... The U.S. military uses its own marking system to identify explosive hazards (left), chemical hazards ...
Neurotransmitters of the Autonomic Nervous System (2 of 2) Neurotransmitters of the Autonomic Nervous System (2 of 2)
Video: Pressure Flow Model Animation

For a complete list of videos, visit our video library