acuBlade Castings Inc. casts blades for turbine engines. Within the Casting Department, alloy is first melted in a crucible, then poured into molds to produce the castings. On May 1, there were 700 pounds of alloy in process, which were 30% complete as to conversion. The Work in Process balance for these 700 pounds was $74,410, determined as follows: Direct materials (700 x $100) $70,000 Conversion (700 x 30% x $21) 4,410 $74,410 During May, the Casting Department was charged $633,600 for 6,600 pounds of alloy and $53,520 for direct labor. Factory overhead is applied to the department at a rate of 150% of direct labor. The department transferred out 6,800 pounds of finished castings to the Machining Department. The May 31 inventory in process was 20% complete as to conversion. a1. Prepare the May journal entry for the Casting Department for the materials charged to production. Work in Process-Casting Department Materials-Alloy
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “acuBlade Castings Inc. casts blades for turbine engines. Within the Casting Department, alloy is first melted in a crucible, then poured ...” 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
C. assume that we are back to talking about bags of oranges (a private good), but that the government has decided that tossed orange peels impose a negative externality on the public that must be rectified by imposing a $4-per-bag tax on sellers.
Answers (1)
Norbert works in a beauty salon. he receives a 50% employee discount for salon services. in 2016, he used his discount to buy $1,000 of services with a fair market value of $2,000.
Answers (1)
Thomas worked in the non-military operations of a large firm that produced both military and nonmilitary goods. when the company discontinued the production of nonmilitary goods, thomas was transferred to the plant producing military equipment.
Answers (1)
A client sustained a head injury when falling off of a ladder. While in the hospital, the client begins voiding large amounts of clear urine and states he is very thirsty.
Answers (2)
10. A local citizen donated land to the county government. It estimates that it could have purchased the same or similar land for $500,000. The donor had paid $550,000 for the land five years ago.
Answers (1)
New Questions in Business
religious persecution is wrong bc why should religious ppl be killed bc they have a different believe. its makes no sense.
Answers (1)
Melvin receives stock as a gift from his uncle. No gift tax is paid. The adjusted basis of the stock is $19,000 and the fair market value is $25,000. Melvin trades the stock for bonds with a fair market value of $22,000 and $3,000 cash.
Answers (1)
Petra's basis was $50,000 in the PAM Partnership interest just before she received a proportionate nonliquidating distribution consisting of land held for investment (basis of $40,000, fair market value of $60,000) and inventory (basis of $40,000,
Answers (1)
Nolte Co. has 4,500,000 shares of common stock outstanding on December 31, 2014. An additional 200,000 shares are issued on April 1, 2015, and 480,000 more on September 1. On October 1, Nolte issued $6,000,000 of 9% convertible bonds.
Answers (1)
Your friends own a lawn care business. They own their own equipment and trailers to transport it. Eventually they buy out another local lawn care company and double their customers. This is an example of 1. ending an oligopoly2.
Answers (1)