Business
Business, 29.06.2019 03:20, jace9926

In a job order cost accounting system, the entry to record the flow of direct materials into production is: (a) debit work in process, credit materials (b) debit materials, credit work in process (c) debit factory overhead, credit materials (d) debit work in process, credit supplies

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Business, 30.08.2019 04:30, Korkot7633
Minstrel manufacturing uses a job order costing system. during one month minstrel purchased $198,000 of raw materials on credit; issued materials to production of $195,000 of which $30,000 were indirect. minstrel incurred a factory payroll of $150,000, paid in cash, of which $40,000 was indirect labor. minstrel uses a predetermined overhead rate of 150% of direct labor cost. the journal entry to record the issuance of materials to production is: debit raw materials inventory $195,000; credit accounts payable $195,000. debit work in process inventory $165,000; debit factory overhead $30,000; credit raw materials inventory $195,000. debit finished goods inventory $195,000; credit raw materials inventory $195,000. debit work in process inventory $195,000; credit raw materials inventory $195,000. debit raw materials inventory $195,000; credit work in process inventory $195,000.
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Business, 21.09.2019 22:20, tricklts15
Portside watercraft uses a job order costing system. during one month portside purchased $153,000 of raw materials on credit; issued materials to production of $164,000 of which $24,000 were indirect. portside incurred a factory payroll of $95,000, paid in cash, of which $25,000 was indirect labor. portside uses a predetermined overhead rate of 170% of direct labor cost. the journal entry to record the issuance of materials to production is: debit raw materials inventory $153,000; credit accounts payable $153,000. debit raw materials inventory $195,000; credit work in process inventory $195,000. debit work in process inventory $140,000; debit factory overhead $24,000; credit raw materials inventory $164,000. debit finished goods inventory $140,000; credit raw materials inventory $140,000. debit work in process inventory $140,000; debit raw materials inventory $24,000; credit materials inventory $164,000.
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Business, 15.10.2019 20:10, Guest4747
The entry to record the flow of direct labor costs into production in a job order cost accounting system is: (a)-debit factory overhead, credit work in process (b)-debit factory overhead, credit wages payable (c)-debit finished goods, credit wages payable (d)-debit work in process, credit wages payable
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Business, 29.10.2019 06:31, markthecow
Acompany that uses a job order costing system would make the following entry to record the flow of direct materials into production: a. debit work in process inventory, credit cost of goods sold.b. debit work in process inventory, credit raw materials inventory.c. debit work in process inventory, credit factory overhead.d. debit factory overhead, credit raw materials inventory.e. debit finished goods inventory, credit raw materials inventory.
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