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 90 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
Excellent

raili21

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

The autonomic nervous system with its sympathetic and parasympathetic divisions The autonomic nervous system with its sympathetic and parasympathetic divisions
Nervous system. Nervous system.
Male Urogenital System Male Urogenital System
Receptors in the autonomic nervous system: (a) sympathetic division; (b) parasympathetic division Receptors in the autonomic nervous system: (a) sympathetic division; (b) parasympathetic division
Procedures and Diagnostic Tests Related to the Cardiovascular System Procedures and Diagnostic Tests Related to the Cardiovascular System
The Central Nervous System The Central Nervous System
Video: Pores and Ion Channels

For a complete list of videos, visit our video library