Business, 01.09.2020 23:01 kaileyy06

The following transactions were incurred by Stoncius Fabricators during January, the first month of its fiscal year. i (Click the icon to view the transactions) Requirements 1. Record the proper journal entry for each transaction 2. By the end of January, was manufacturing overhead overallocated or underallocated? By how much? a. $170,.000 of materials was purchased on account. Record the entry (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Accounts Credit a. Raw Materials Inventory Accounts Payable 170000 170000 b. $162,000 of materials was used in production, of this amount, $143,000 were used on speciffe obs. Record the entry. ournal Entry Date Accounts Debit Credit b. Work in Process Invento Manufacturing Overhead Raw Materials Inventory 143000 19000 162000 c. Manufacturing labor and salaries for the month totaled $220,000. A total of $200,000 of manufacturing labor and salaries was traced to specific jobs, and Journal Entry Date Accounts Debit Credit

Answers: 3

Show answers

Answers

Answer from: bedsaul12345

Journal entries are given

Explanation:

Raw materials used for special jobs will be allocated to work in process and the remaining used in production will be allocated to manufacturing overhead.

Requirement 1

A (Materials was purchased on account)

DEBIT CREDIT

Raw Material Inventory $170,000

Accounts Payable $,170,000

B (Materials was used in production)

DEBIT CREDIT

Work In process Inventory$143,000

Manufacturing Overhead$19,000

Raw Material Inventory $162,000

C (Manufacturing labor and salaries for the month)

DEBIT CREDIT

Work In process Inventory$200,000

Manufacturing Overhead$20,000

Wages payable $220,000

Requirement 1

There NO such information available in the question to determine whether manufacturing overheads are over-allocated or under-allocated.

Answer from: Quest

Cis te correct i think i c idk but i think it is c

Answer from: Quest

Via: "if you are found to be supplying or dealing drugs, the punishment is likely to be tough. supplying drugs doesn’t just apply to dealers. if police suspect that you intend to share drugs with your friends, this is still considered to be supplying.

being suspected of supplying drugs means you are much more likely to be charged. the amount of drugs found on you, and whether you have a criminal record, will be taken into account when a punishment is being decided.

decisions to prosecute are taken by the public prosecution service. the maximum sentences for intent to supply drugs are:

- up to life in prison or an unlimited fine (or both) for a class a drug- up to 14 years in prison or an unlimited fine (or both) for a class b or class c drug."sorry if this was a school question, you didnt supply options so i assumed it was a personal question, which if it is, reconsider selling or having possesion of any drugs at all. i wish you the best!

Another question on Business

Business, 21.06.2019 18:30

Why should organizations be allowed to promote offensive, violent, sexual, or unhealthy products that can be legally sold and purchased?

Answers: 3

Answer

Business, 22.06.2019 07:30

Why has the free enterprise system been modified to include some government intervention?

Answers: 1

Answer

Business, 22.06.2019 14:30

You hear your supervisor tell another supervisor that a fire drill will take place later today when the fire alarm sounds that afternoon you should

Answers: 1

Answer

Business, 22.06.2019 19:00

Which of the following is likely not a benefit of requiring a grand jury to listen to and examine all of the evidence against a person suspected of committing a serious crime and then independently deciding whether or not to hand down an indictment? 1.the grand jury system provides the accused another safeguard against being sent to trial and facing conviction based on flawed evidence. 2.the members of the grand jury are drawn from the community and are empowered to render independent decisions about whether or not the government has collected enough evidence to bring an individual to trial. 3.the grand jury’s decision can provide prosecutors insight into what is necessary to build a sufficient case if a similar crime is presented later. 4.the grand jury is impaneled to rubber-stamp prosecutors’ cases, which makes it possible for more cases to reach trial.

Answers: 2

Answer

You know the right answer?

The following transactions were incurred by Stoncius Fabricators during January, the first month of...

Questions