Mocha Company manufactures a single product by a continuous process, involving three production departments. The records indicate that direct materials, direct labor, and applied factory overhead for Department 2 were $100,000, $125,000, and $150,000, respectively. The records further indicate that direct materials, direct labor, and applied factory overhead for Department 3 were $50,000,
$60,000, and $70,000, respectively. In addition, work in process at the beginning of the period for Department 3 totaled $75,000, and work in process at the end of the period totaled $60,000. The journal entry to record the flow of costs into Department 3 during the period for direct materials is:
A) Work in Process--Department 3 100,000Materials 100,000
B) Work in Process--Department 3 125,000Materials 125,000
C) Work in Process--Department 3 50,000Materials 50,000
D) Work in Process--Department 3 70,000Materials 70,000
C
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Explain the concept of discretionary access privileges
Lakeland, Inc manufactured 5,000 units during the month of March. They incurred direct materials cost of $100,000 and overhead cost of $40,000. If their per-unit prime cost was $26.00 per unit how much direct labor cost did they incur during March?
A) $20,000 B) $35,000 C) $90,000 D) $30,000
How did the 1916 case of MacPherson v. Buick Motor Co. lead to the elimination of the privity requirement?
What will be an ideal response?
Associate union membership is linked to an employee's workplace and provides representation in collective bargaining.
Answer the following statement true (T) or false (F)