Banzai Corporation produces calculators on an assembly line in a single-step process. Factrory overhead is applied based on direct labor cost. The following data pertains to September 2016:
Current manufacturing costs:
Required:
a. Prepare traditional journal entries for the following events in September:
1. Purchase of materials on account
2. Requisition of materials into production
3. Usage of direct labor
4. Application of overhead
5. Completion of finished goods
b. What is the amount of direct labor in ending work in process?
a. Prepare traditional journal entries for the following events in September:

Question

Banzai Corporation produces calculators on an assembly line in a single-step process. Factrory overhead is applied based on direct labor cost. The following data pertains to September 2016:
Current manufacturing costs:
   Required:
a. Prepare traditional journal entries for the following events in September:
1. Purchase of materials on account
2. Requisition of materials into production
3. Usage of direct labor
4. Application of overhead
5. Completion of finished goods
b. What is the amount of direct labor in ending work in process? 
a. Prepare traditional journal entries for the following events in September:

Quizplus · Accepted Answer

The Answer of Banzai Corporation produces calculators on an assembly line in a single-step process. Factrory overhead is applied based on direct labor cost. The following data pertains to September 2016:
Current manufacturing costs:
   Required:
a. Prepare traditional journal entries for the following events in September:
1. Purchase of materials on account
2. Requisition of materials into production
3. Usage of direct labor
4. Application of overhead
5. Completion of finished goods
b. What is the amount of direct labor in ending work in process? 
a. Prepare traditional journal entries for the following events in September:

Banzai Corporation Produces Calculators on an Assembly Line in a Single-Step