Mod 46 Backflush Costing JEs

Question 1

Purchase raw materials back flush

Answer 1

Materials and in process

A/P

Question 2

Issue materials in production traditional

Answer 2

WIP

Materials

Question 3

Incur direct labor costs traditional

Answer 3

WIP

Payroll

Question 4

Incur direct labor costs backflush

Answer 4

Conversion cost ctrl.
Payroll
A/P

Question 5

Incur overhead costs traditional

Answer 5

Variable OH Control.
Fixed OH Control.
A/P

Question 6

Incur overhead costs backflush

Answer 6

Conversion Cost Ctrl
Payroll
A/P

Question 7

Apply overhead, traditional

Answer 7

WIP.
Variable OH control
Fixed OH control

Question 8

Complete goods traditional

Answer 8

FGI

WIP

Question 9

Complete goods, backflush method 1

Answer 9

FGI.
Conversion Cost Ctrl
Materials & in process

Question 10

Complete goods 2

Answer 10

COGS
Conversion Cost Ctrl
Materials & in process

Question 11

Sell goods, traditional

Answer 11

COGS

FGI

Question 12

Sell goods, backflush 1

Answer 12

COGS

FGI

Question 13

Sell goods backflush 2

Answer 13

COGS
Conversion Cost Control
Materials & In-Process

Question 14

Recognize OH variance (under applied), traditional

Answer 14

COGS

OH Control

Question 15

Recognize overhead variance (underapplied), backflush

Answer 15

COGS

Conversion Cost Ctrl

Question 16

Purchase raw materials: traditional

Answer 16

Materials Dr.

A/P. Cr.