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Question
The following information was obtained from Sizzler Company:
Advertising costs: $7,900
Indirect labor: $9,000
Direct Labor: $31,000
Indirect materials: $7,200
Direct materials: $47,000
Factory utilities: $3,000
Factory repair and maintenance: $700
Factory janitorial costs: $1,900
Manufacturing equipment depreciation: $1,600
Delivery vehicle depreciation: $790
Administrative wages and salaries: $19,000
How much was Sizzler's factory overhead?
A) $24,190
B) $1,600
C) $23,400
D) $3,600
Answer
This answer is hidden. It contains 105 characters.
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B) posting.
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D) footing.
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A) chart of accounts.
B) ledger.
C) trial balance.
D) journal.
Answer: B
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B) Revenues decrease owner's equity, so a revenue account's normal balance is a debit balance.
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Journalizing a transaction means:
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B) finding the account number in the chart of accounts.
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At the end of the year, actual data were as follows:
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C) $12,000 Favorable
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