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Terms in this set (10)
bill of materials
The direct materials required to manufacture each unit of product are listed on a ________.
Dr work in process Cr raw materials
log Direct materials are issued into production for a specific job.
Dr MoH Cr Salaries and wages payable
log Salary of the Production Supervisor is payable.
Dr MoH Cr raw materials
log Lubricating oil, waste cotton, and solder are used in the factory.
Dr WIP Cr S&WP
log the wages of direct laborers who worked on a particular job are payable.
log Manufacturing overhead is applied to jobs using a predetermined overhead rate.
dr raw materials 77000
cr accounts payable 77000
$77,000 in raw materials were purchased on account
dr MoH 7000, WIP 68000
cr raw materials 75000
$75,000 in raw materials were used in production. Of this amount, $68,000 was for direct materials and the remainder was for indirect materials
dr WIP 103900, MoH 6600
cr cash 110500
Total labor wages of $110,500 were paid in cash. Of this amount, $103,900 was for direct labor and the remainder was for indirect labor.
dr MoH 196000
cr accumulated depreciation
Depreciation of $196,000 was incurred on factory equipment.
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