XLS 4-27 Job order costing (LO 5) E. Cain, Ltd. produces decorative lamps in sev styles...
Overhead cost looks to be $25 per machine hour based on March's
details
XLS 4-27 Job order costing (LO 5) E. Cain, Ltd. produces decorative lamps in sev styles and finishes. The company uses a job order costing system to accumulate product costs. Because much of the production process is automated, E. Cain, Ltd. has selected machine hours as its overhead application base. In April, E. Cain, Ltd. worked on four jobs. Jobs 78 and 79 were started in March...
Problem 2 East Coast Colorworks produces modular office space units. The company uses a job order costing system to accumulate product costs. Because much of the production process is automated, East Coast has selected machine hours as its overhead application rate In October, East Coast worked on four jobs. Job 105 and Job 106 were started in September and completed and delivered to customers in October. Job 107 and Job 108 were started in October and Job 107 was finished...
Job Costs, Ending Work in Process During March, Aragon Company worked on three jobs. Data relating to these three jobs follow: Job 78 Job 79 Job 80 Units in each order 120 210 280 Units sold — 210 — Materials requisitioned $816 $1,092 $2,800 Direct labor hours 132 231 476 Direct labor cost $1,980 $3,696 $3,903 Overhead is assigned on the basis of direct labor hours at a rate of $9.20 per direct labor hour. During March, Jobs 78 and...
XLS 4-28 Job order costing (CMA adapted) (LO 5) ErgoFurn, Inc. manufactures ergonomically designed computer furniture. ErgoFurn uses a job order costing system. On November 30, the Work in Process Inventory consisted of the following jobs: Job No. Item Units Accumulated Cost CC723 Computer caddy 20,000 $ 900,000 CH291 Chair 15,000 431,000 PS812 Printer stand 25,000 250,000 $1,581,000 On November 30, ErgoFurn's Raw Materials Inventory account totaled $668,000, and its Finished Goods Inventory totaled $3,456,400. ErgoFurn applies manufacturing overhead on...
Job Costs, Ending Work in Process
During March, Aragon Company worked on three jobs. Data relating
to these three jobs follow:
Job 78
Job 79
Job 80
Units in each order
270
250
330
Units sold
—
250
—
Materials requisitioned
$1,620
$1,300
$3,729
Direct labor hours
297
275
528
Direct labor cost
$2,970
$3,575
$4,224
Overhead is assigned on the basis of direct labor hours at a
rate of $7.60 per...
3. calculate the ending balances of work in process and finished
goods as of June 30.
A. WIP:
B, FG:
4. calculate cost of goods sold for June.
4.5 At the beginning of June, Galway Company had two jobs in process, Job 78 and Job 79, with the following accumulated cost information: Job 79 Direct materials Direct labor Applied overhead Balance, June 1 Job 78 $1,000 600 750 $2,350 $ 800 1,000 1.250 $3,050 During June, two more jobs (80...
The total cost for job 78 is 6832.8
for job 79 is 6527.4
for job 80 is 9295.
This is what I got for the three jobs.
Job Costs, Ending Work in Process During March, Aragon Company worked on three jobs. Data relating to these three jobs follow: Job 78 Job 79 Job 80 Units in each order 240 260 220 220 Units sold Materials requisitioned Direct labor hours $1,632 264 $1,034 242 $2,782 390 Direct labor cost $3,168 $3,630...
Job Costs, Ending Work in Process During March, Aragon Company worked on three jobs. Data relating to these three jobs follow: Job 78 Job 79 Job 80 Units in each order 110 160 290 Units sold — 160 — Materials requisitioned $770 $720 $3,161 Direct labor hours 121 176 493 Direct labor cost $1,573 $2,816 $4,141 Overhead is assigned on the basis of direct labor hours at a rate of $7.60 per...
Job Costs, Ending Work in Process During March, Aragon Company worked on three jobs. Data relating to these three jobs follow: Job 78 Job 79 Job 80 Units in each order 260 200 200 Units sold 200 Materials requisitioned $1,664 $1,180 $2,140 Direct labor hours 286 220 360 Direct labor cost $4,290 $3,300 $3,096 Overhead is assigned on the basis of direct labor hours at a rate of $8.30 per direct labor hour. During March, Jobs 78 and 79 were...
Exercise 5.11 (Algorithmic) Job Costs, Ending Work in Process During March, Aragon Company worked on three jobs. Data relating to these three jobs follow: Job 78 Job 79 Job 80 Units in each order 240 190 290 Units sold — 190 — Materials requisitioned $1,824 $1,064 $3,335 Direct labor hours 264 209 493 Direct labor cost $2,640 $3,344 $4,141 Overhead is assigned on the basis of direct labor hours at a rate of $9.70 per direct labor hour. During March,...