Queensland Electronics Manufactures Stereos Required:
Record All Journal Entries for the Monthly Activities Related

question 115

Essay

Queensland Electronics manufactures stereos.All processing is initiated when an order is received.For April there were no beginning inventories.Conversion Costs and Direct Materials are the only manufacturing cost accounts.Direct Materials are purchased under a just-in-time system.Backflush costing is used with a finished goods trigger point.Additional information is as follows:
$$\begin{array} { | l | l | } \hline \text { Actual conversion costs } & \$ 464000 \\\hline \text { Standard materials costs per unit } & \$ 90 \\\hline \text { Standard conversion cost per unit } & \$ 210 \\\hline \text { Units produced } & 4800 \\\hline \text { Units sold } & 4200 \\\hline\end{array}$$
Required:
Record all journal entries for the monthly activities related to the above transactions if backflush costing is used.
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Definitions:

Psychogenic Needs

Fundamental psychological or emotional needs influencing behaviors and attitudes.

Actualization Needs

The highest level in Maslow's hierarchy of needs, representing the desire for self-fulfillment and realizing one's potential.

Psychogenic Needs

Emotional and psychological needs that motivate individuals to perform actions or pursue goals for personal satisfaction.

A Priori Needs

Needs or requirements that are understood or established prior to a project or assessment, based on theoretical deduction rather than empirical evidence.