CH10 InClass

CH10 InClass - Which of the following items are properly...

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a Plant manager’s salary at Greenville, Tennessee turf care products plant. x b Depreciation on Moline Illinois headquarters building. c Property taxes on Clemm, Iowa components plant. x d The chief financial officer’s salary. e Steel plate. f Sales incentive fees to dealers. g. Amortization of patents on a new welding process. x h. Interest expense on debt. i. Consultant fees for surveying production employee morale. x j. Factory supplies used in the North Carolina hydraulic excavator factory. x Factory overhead: 1) Must be manufacturing 2) Not direct labor or direct materials Place "x" if overhead
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Materials issued for the current month are as follows: Material Amount. WIP OH 711 Steel 511 11,200 11200 DM 712 Copper 514 16,450 16450 DM 713 Plastic 526 900 900 DM 714 Abrasives indirect 250 250 OH 715 533 36,400 36400 DM 65,200 64950 250 Materials transferred to work-in-process 64,950 Materials transferred to factory overhead 250 Cash (65,200) 11,200 16,450 900 36,400 250 Requisition number Job number Titanium alloy a Determine the amount of materials transferred to work in process and factory overhead for the current month. b. Illustrate the effect on the accounts and financial statements of the materials transferred in a. Raw materials Work-in- process Job 511 Work-in- process Job 514 Work-in- process Job 526 Work-in- process Job 533 Factory overhead
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CH10 InClass - Which of the following items are properly...

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