Business, 27.06.2020 19:01 cocomelon

Prepare Journal Entries Larned Corporation recorded the following transactions for the just completed month.
a. $71,000 in raw materials were purchased on account.
b. $69,000 in raw materials were requisitioned for use in production. Of this amount, $56,000 was for direct materials and the remainder was for indirect materials.
c. Total labor wages of $123,500 were incurred. Of this amount, $104,000 was for direct labor and the remainder was for indirect labor.
d. Additional manufacturing overhead costs of $192,000 were incurred.
a. Journal entry worksheet
71,000 in raw materials were purchased on account.
Note:' Enter debits before credits.
Transaction General Journal Debit Credit
b. Journal entry worksheet
$69,000 in raw materials were requisitioned for use in production. Of this amount, $56,000 was for direct materials and the remainder was for indirect materials.
Note:' Enter debits before credits.

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 22:00

Most economists report the elasticity of demand asa. the absolute value of the actual number.b. a negative number, since price and quantity demanded move in opposite directions.c. a percentage, since both the numerator and denominator are percentages.d. a dollar amount, since we are measuring the change in price.

Answers: 2

Answer

Business, 23.06.2019 00:30

Industrial engineers who specialize in ergonomics are concerned with designing workspace and devices operated by workers so as to achieve high productivity and comfort. a paper published in this research area reports on a study of preferred height for an experimental keyboard with large forearm-wrist support. a sample of 31 trained typists resulted in an average preferred height of 80.0 cm

Answers: 1

Answer

Business, 23.06.2019 00:50

Mr. drucker uses a periodic review system to manage the inventory in his dry goods store. he likes to maintain 15 sacks of sugar on his shelves based on the annual demand figure of 225 sacks. it costs $2 to place an order for sugar and costs $1 to hold a sack in inventory for a year. mr. drucker checks inventory one day and notes that he is down to 9 sacks; how much should he order?

Answers: 1

Answer

Business, 23.06.2019 10:20

Teatro restoration, inc., begins renovating an old theater for urban edge productions, but after three months teatro demands an extra $250,000. urban edge agrees to pay. refer to fact pattern 13–4. if teatro says it is asking for the extra $250,000 because it has encountered extraordinary unforeseen difficulties that will add considerable cost to the project, the agreement is

Answers: 3

Answer

You know the right answer?

Prepare Journal Entries Larned Corporation recorded the following transactions for the just complet...

Questions

Business, 22.05.2020 03:08

Regina spends three hours each day working as an online customer service representative for a retailer. She can choose her own hours, within reason. T...