Question : 112.Andrew Industries purchased $165,000 of raw materials account during the : 1236600

112.Andrew Industries purchased $165,000 of raw materials on account during the month of March. The beginning Raw Materials Inventory balance was $22,000, and the materials used to complete jobs during the month were $141,000 direct materials and $13,000 indirect materials. What journal entry should Andrew use to account for direct materials used in March?    

A.Debit Raw Materials Inventory $141,000; credit Accounts Payable $141,000.

B.Debit Work in Process Inventory $141,000; credit Raw Materials Inventory $141,000.

C.Debit Work in Process Inventory $141,000; credit Accounts Payable $141,000.

D.Debit Finished Goods Inventory $22,000; credit Raw Materials Inventory $22,000.

E.Debit Raw Materials Inventory $153,000; credit Work In Process $153,000.

113.Juarez Builders incurred $285,000 of labor costs for construction jobs completed during the month of August, of which $212,000 was direct and $73,000 was indirect supervisory costs. The correct journal entry to record the direct labor for the month is:    

A.Debit Payroll Expense $212,000; credit Cash $212,000.

B.Debit Factory Wages Payable $285,000; credit Work in Process Inventory $212,000.

C.Debit Work in Process Inventory $212,000; credit Cash $285,000.

D.Debit Factory Wages $285,000; credit Factory Wages Payable $285,000.

E.Debit Work in Process Inventory $212,000; credit Factory Wages Payable $212,000.

114.Juarez Builders incurred $285,000 of labor costs for construction jobs completed during the month of August, of which $212,000 was direct and $73,000 was indirect supervisory costs. The correct journal entry to record the $73,000 indirect labor for the month is:   

A.Debit Supervisor Wage Expense; credit Factory Wages Payable.

B.Debit Factory Overhead; credit Factory Wages Payable.

C.Debit Supervisor Wage Expense; credit Factory Overhead.

D.Debit Factory Wages Payable; credit Factory Overhead.

E.Debit Factory Wage Expense; credit Cash.

115.Minstrel Manufacturing uses a job order costing system. During one month Minstrel purchased $198,000 of raw materials on credit; issued materials to production of $195,000 of which $30,000 were indirect. Minstrel incurred a factory payroll of $150,000, paid in cash, of which $40,000 was indirect labor. Minstrel uses a predetermined overhead rate of 150% of direct labor cost. The journal entry to record the purchase of materials is:   

A.Debit Raw Materials Inventory $198,000; credit Accounts Payable $198,000.

B.Debit Work in Process Inventory $198,000; credit Accounts Payable $198,000.

C.Debit Raw Materials Inventory $198,000; credit Work in Process Inventory $198,000.

D.Debit Work in Process Inventory $195,000; credit Raw Materials Inventory $195,000.

E.Debit Raw Materials Inventory $198,000; credit Finished Goods Inventory $198,000.

116.Minstrel Manufacturing uses a job order costing system. During one month Minstrel purchased $198,000 of raw materials on credit; issued materials to production of $195,000 of which $30,000 were indirect. Minstrel incurred a factory payroll of $150,000, paid in cash, of which $40,000 was indirect labor. Minstrel uses a predetermined overhead rate of 150% of direct labor cost. The journal entry to record the issuance of materials to production is:   

A.Debit Raw Materials Inventory $195,000; credit Accounts Payable $195,000.

B.Debit Work in Process Inventory $195,000; credit Raw Materials Inventory $195,000.

C.Debit Raw Materials Inventory $195,000; credit Work in Process Inventory $195,000.

D.Debit Work in Process Inventory $165,000; debit Factory Overhead $30,000; credit Raw Materials Inventory $195,000.

E.Debit Finished Goods Inventory $195,000; credit Raw Materials Inventory $195,000.

117.Minstrel Manufacturing uses a job order costing system. During one month Minstrel purchased $198,000 of raw materials on credit; issued materials to production of $195,000 of which $30,000 were indirect. Minstrel incurred a factory payroll of $150,000, paid in cash, of which $40,000 was indirect labor. Minstrel uses a predetermined overhead rate of 150% of direct labor cost. The journal entry to record payment of the factory payroll is:   

A.Debit Work in Process Inventory $150,000; credit Factory Wages Payable $150,000.

B.Debit Work in Process Inventory $150,000; credit Cash $150,000.

C.Debit Factory Wages Payable $150,000; credit Cash $150,000.

D.Debit Work in Process Inventory $110,000; debit Factory Overhead $40,000; credit Factory Wages Payable $150,000.

E.Debit Work in Process Inventory $110,000; debit Factory Overhead $40,000; credit Cash $150,000.

118.Minstrel Manufacturing uses a job order costing system. During one month Minstrel purchased $198,000 of raw materials on credit; issued materials to production of $195,000 of which $30,000 were indirect. Minstrel incurred a factory payroll of $150,000, paid in cash, of which $40,000 was indirect labor. Minstrel uses a predetermined overhead rate of 150% of direct labor cost. The journal entry to record the allocation of the factory payroll to production is:   

A.Debit Work in Process Inventory $150,000; credit Factory Wages Payable $150,000.

B.Debit Work in Process Inventory $150,000; credit Cash $150,000.

C.Debit Factory Wages Payable $150,000; credit Cash $150,000.

D.Debit Work in Process Inventory $110,000; debit Factory Overhead $40,000; credit Factory Wages Payable $150,000.

E.Debit Work in Process Inventory $110,000; debit Factory Overhead $40,000; credit Cash $150,000.

119.Minstrel Manufacturing uses a job order costing system. During one month Minstrel purchased $198,000 of raw materials on credit; issued materials to production of $195,000 of which $30,000 were indirect. Minstrel incurred a factory payroll of $150,000, paid in cash, of which $40,000 was indirect labor. Minstrel uses a predetermined overhead rate of 150% of direct labor cost. The journal entry to record the application of factory overhead to production is:   

A.Debit Work in Process Inventory $225,000; credit Factory Overhead $225,000.

B.Debit Work in Process Inventory $165,000; credit Factory Overhead $165,000.

C.Debit Factory Payroll $150,000; credit Work in Process Inventory $150,000.

D.Debit Factory Overhead $165,000; credit Work in Process Inventory $165,000.

E.Debit Work in Process Inventory $165,000; credit Factory Payroll $165,000.

120.Minstrel Manufacturing uses a job order costing system. During one month Minstrel purchased $198,000 of raw materials on credit; issued materials to production of $195,000 of which $30,000 were indirect. Minstrel incurred a factory payroll of $150,000, paid in cash, of which $40,000 was indirect labor. Minstrel uses a predetermined overhead rate of 150% of direct labor cost. The total manufacturing costs added during the period are:   

A.$440,000.

B.$470,000.

C.$500,000.

D.$570,000.

E.$540,000.

121.Minstrel Manufacturing uses a job order costing system. During one month Minstrel purchased $198,000 of raw materials on credit; issued materials to production of $195,000 of which $30,000 were indirect. Minstrel incurred a factory payroll of $150,000, paid in cash, of which $40,000 was indirect labor. Minstrel uses a predetermined overhead application rate of 150% of direct labor cost. If Minstrel incurred total overhead costs of $167,800 during the month, compute the amount of under- or overapplied overhead:   

A.$2,800 overapplied.

B.$17,800 underapplied.

C.$2,800 underapplied.

D.$17,800 overapplied.

E.$57,200 overapplied.