Calculator Mocha Company manufactures a single product by a continuous process, involving three production departments. The records indicate that direct materials, direct labor, and applied factory overhead for Department 1 were $100,000, $125,000, and $150,000, respectively. The records further indicate that direct materials, direct labor, and applied factory overhead for Department 2 were $55,000, $65,000, and $80,000, respectively. In addition, work in process at the beginning of the period for Department 1 totaled $75,000, and work in process at the end of the period totaled $60,000.
The journal entry to record the flow of costs into Department 1 during the period for direct materials is:
A. Work in Process--Department 1 100,000
Materials 100,000
B. Work in Process--Department 1 55,000
Materials 55,000
C. Materials 100,000
Work in Process--Department 1 100,000
D. Materials 55,000
Work in Process--Department 1 55,000
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Calculator Mocha Company manufactures a single product by a continuous process, involving three production departments. The records ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
A constant-cost industry is one in which - the long-run supply curve is perfectly inelastic. - the long-run supply curve is downward sloping. - the long-run supply curve is upward sloping.
Answers (1)
Under the equity method, the Stock Investments account is increased when the Select one: a. investee company reports net income, and when the investee company pays a dividend. b. investee company pays a dividend. c.
Answers (2)
You have just won the lottery and you will receive 10 annual beginning-of-year payments of $5 million each. If you expect to earn a 9% compounded semi-annually, what will be the current value of the lottery payments?
Answers (1)
Zipcar's top management established a goal of expanding operations into north america. managers then needed to determine the north american locations in which they would choose to do business.
Answers (1)
A mother earned $ 7500.00 from royalties on her cookbook. she set aside 20% of this for a down payment on a new home. the balance will be used for her son's future education.
Answers (1)
New Questions in Business
Manufacturing jobs have historically been based on scientific management and the efficiency approach to job design.
Answers (1)
a material requisition slip showed that direct requested were $76000 and indirect materials requested were $3000. The entry to record the transfer of materials from the storeroom is.
Answers (1)
The Jone Restaurant Group manufactures the bags of frozen French fries used at its franchised restaurants. Lastâ week, Jone's purchased and used 96,000 pounds of potatoes at a price of $ 0.70 per pound.
Answers (1)
Suppose the price level reflects the number of dollars needed to buy a basket of goods containing one cup of coffee, one donut, and one newspaper. In year one, the basket costs $9.00. In year two, the price of the same basket is $8.00.
Answers (1)
On January 1, 2019, Frederick Corporation had 200,000 shares of common stock outstanding with a par value of $5 per share. On March 31, Frederick Corporation authorized a 10% stock dividend when the market value was $18 per share. Required: 1.
Answers (1)