Chapter 2 and 3 Quiz - Accounting 2102 Spring 2008 Farmer...

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Accounting 2102 Spring 2008 Farmer Quiz 1 . . . chapters 2 and 3 Name UGA MyID Signature and Date Please circle your FINAL answer in the spaces provided. Question 1 Pickin’ and Grinnin’, LLC The following information was extracted from the accounting records of Pickin’ and Grinnin’, LLC, a manufacturer of custom guitars: Raw materials used $279,000 Direct labor 185,000 Indirect labor 35,000 Building depreciation (70% of building devoted to production, 30% of building devoted to selling and administrative) 300,000 Other factory costs (includes $15,000 of indirect materials requisitioned from Raw Materials Inventory) 600,000 In the journal entry to record raw materials used during the period, the amount debited to Manufacturing Overhead would be: $15,000 . . . no calculation to be made . . . amount based on information given in last row of table Page 1 of 2 c2858d0573fd46a92a5d0276925be8aacbb99400.doc
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Accounting 2102 Spring 2008 Farmer Quiz 1 . . . chapters 2 and 3
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This note was uploaded on 05/08/2008 for the course ACCT 2102 taught by Professor Farmer during the Spring '08 term at University of Georgia Athens.

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Chapter 2 and 3 Quiz - Accounting 2102 Spring 2008 Farmer...

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