This topic contains a solution. Click here to go to the answer

Author Question: Paulson Enterprises uses a job costing system. Record the following transactions in Paulson ... (Read 78 times)

bobbysung

  • Hero Member
  • *****
  • Posts: 519
Paulson Enterprises uses a job costing system. Record the following transactions in Paulson Enterprises's general journal for the current month:
a) Purchased raw materials on account, $75,000.
b) Requisitioned $44,500 of direct materials and $7,000 of indirect materials for use in production.
c) Factory payroll incurred, $90,000; 80% direct labour, 20% indirect labour.
d) Recorded depreciation expense factory equipment $12,000, and other manufacturing overhead
of $42,100 (credit accounts payable).
e) Allocated manufacturing overhead costs based on 120% of direct labour cost.
f) Cost of completed production for the current month, $142,000.
g) Cost of finished goods sold, $115,000; selling price, $175,000 (all sales on account).


Related Topics

Need homework help now?

Ask unlimited questions for free

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

ryrychapman11

  • Sr. Member
  • ****
  • Posts: 334
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 58% of students answer this correctly




bobbysung

  • Member
  • Posts: 519
Reply 2 on: Jan 4, 2020
:D TYSM


rachel

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

For a complete list of videos, visit our video library