Entries by Munene david

7) Alaska Corporation purchased, on account, 6,600 pounds of raw materials

May 4, 2020 in /by

7) Alaska Corporation purchased, on account, 6,600 pounds of raw materials at $7.50 per pound on January 2, 2019. The production manager requisitioned and received 2,350 pounds of raw material into production on January 15. Use this information to prepare the General Journal entries (without explanation) for January 2 and January 15. 8)Baltimore Company uses a […]

 

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11) On March 31, 2019, Dorchester Corporation recorded

May 4, 2020 in /by

11) On March 31, 2019, Dorchester Corporation recorded the following factory overhead costs incurred:             Factory Manager Salary                  $5,500             Factory Utilities                                  2,800             Machinery Deprecation           9,000             Machinery Repairs               1,800             Factory Rent                     2,000 The overhead application rate is based on direct labor hours.  The preset formula for overhead application estimated that $22,000 would be incurred, and 2,000 direct labor hours would be worked. During […]

 

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For example purposes only, please show the steps and results of the following practice

May 4, 2020 in /by

For example purposes only, please show the steps and results of the following practice problems: Part A) Alpha manufactures chairs, and each requires 4 board feet of lumber. Alpha expects that 1,500 and 1,700 chairs will be built in April and May, respectively. Alpha keeps lumber on hand at 40% of the next month’s production […]

 

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For example purposes only, please show the steps and results of the following practice

May 4, 2020 in /by

For example purposes only, please show the steps and results of the following practice problems: Part A) Alpha company anticipated unit sales of widgets are January, 5,000; February, 4,000; and March 8,000. Alpha consistently maintained finished goods inventory at 80% of the following month’s sales. Use this information to determine: (Round & enter final answers […]

 

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