Accounting Brief Exercises
Accounting Brief Exercises
Dieker Company begins operations on January 1. Because all work is done to customer specifications, the company decides to use a job order cost system. Prepare a flow chart of a typical job order system with arrows showing the flow of costs. Identify the eight transactions.
During January, its first month of operations, Dieker Company had the following manufacturing costs: raw materials $4,000 on account, factory labor $6,000 of which $5,200 relates to factory wages payable and $800 relates to payroll taxes payable, and utilities payable $2,000. Prepare separate journal entries for each type of manufacturing cost.
In January, Dieker company requisitions raw materials for production as follows: Job 1 $900, Job 2 $1,200, Job 3 $700, and general factory use $600. Prepare a summary journal entry to record the raw materials used.
Factory labor cost for Dieker Company is given in BE2-2. During January time tickets show that the factory labor of $6,000 was used as follows: Job 1 $2,200, Job 2 $1600, Job 3 $1,400, and general factory use $800. Prepare a summary journal entry to record factory labor used.
Data pertaining to job cost sheets for Dieker Company are given in BE2-3 and BE2-4. Prepare the job cost sheets for each of the three jobs. (Note: You may omit the column for manufacturing overhead.)
Get Help By Expert
Score high grades with our Accounting assignment writing services that are offered by assignment experts.
DNP 955 Topic 4 DPI Project Proposal Chapter 2 GCU
Provide a brief overview of the job evaluation process
LDR 640 Grand Canyon Discussion
On June 1 of the current year Chad Wilson established a business to manage rental property. He compl…
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more