Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. all the information you need is provided answer on

All the information you need is provided answer only if you know what to do,...

80.2K

Verified Solution

Question

Accounting

All the information you need is provided answer only if you know what to do, don't give me incomplete and incorrect answers.

Telstar uses job order costing. The T-accounts below summarize its production activity for the year.

Raw Materials Inventory

Debit 45900

Credit 25150

8900

Factory Wages Payable

Debit 126,900

Credit 86,650

41,150

Factory Overhead

Debit 8,900

41,150

62,270

Credit

103,584

Work in Process Inventory

Debit 25,150

86,650

103,584

Credit

171,220

Finished Goods Inventory

Debit

171,220

Credit

15,41,90

Compute the amount for each of the following.

  1. Direct materials used
  2. Indirect materials used
  3. Direct labor used
  4. Indirect labor used
  5. Cost of goods manufactured
  6. Cost of goods sold (before closing over- or underapplied overhead)
  7. Compute the amount that overhead is overapplied or underapplied.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Operations Management
1.2K views

Needs internet search What level of quality and consistency does the Bass Pro Shop have? How many features...

Biology
1.2K views

Which of the following leaders of the Ottoman Empire declared himself to be "Sultan," which...

Physics
1.2K views

8 The velocities of two particles A and B of same mass are A V...

Geometry
1.2K views

glacier is a mass of ice on land that flows under its own weight due...

Basic Math
1.2K views

15 You read in the newspaper that 77 of the population are opposed to replacing...

Statistics
1.2K views

What is an explicit formula for the sequence a 1 5 a n 9 a...

Accounting
1.2K views

7-21 Price and efficiency variances. Peterson Foods manufactures pumpkin scones. For...

Accounting
1.2K views

Use the following information for the Quick Study below. (Algo) [The following information...

Accounting
1.2K views

Accounting True or False Questions 1.The periodic inventory system relies on...

Accounting
1.2K views

Pronghorn Company accumulates the following data concerning raw materials in making one gallon of finished...

Finance
1.2K views

22. 22). (1 Point). The asset market approach to forecasting...

Accounting
1.2K views

Luthan Company uses a plantwide predetermined overhead rate of $22.20 per direct labor-hour. This predetermined...