Crane Company installed a standard cost system on January 1. Selected transactions for the month...
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Accounting
Crane Company installed a standard cost system on January Selected transactions for the month of January are as follows. Purchased units of raw materials on account at a cost of $ per unit. Standard cost was $ per unit. Issued units of raw materials for jobs that required standard units of raw materials. Incurred actual hours of direct labor at an actual rate of $ per hour. The standard rate is $ per hour. Credit Factory Wages Payable. Performed hours of direct labor on jobs when standard hours were Applied overhead to jobs at the rate of of direct labor cost for standard hours allowed. Journalize the January transactions. List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. No Account Titles and Explanation Debit Credit 
Crane Company installed a standard cost system on January Selected transactions for the month of January are as follows.
Purchased units of raw materials on account at a cost of $ per unit. Standard cost was $ per unit.
Issued units of raw materials for jobs that required standard units of raw materials.
Incurred actual hours of direct labor at an actual rate of $ per hour. The standard rate is $ per hour. Credit Factory Wages Payable.
Performed hours of direct labor on jobs when standard hours were
Applied overhead to jobs at the rate of of direct labor cost for standard hours allowed.
Journalize the January transactions. List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.
No Account Titles and Explanation
Debit
Credit
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