![8 Problem 4-44 Application of Overhead [LO 4-3, 4-4, 4-5] 0.62 points The following information applies to the ODonnell Company for March production. There are only two jobs (X and Y) in production in March. Skipped a. Purchased direct materials and indirect materials with the following summary of receiving reports: eBook Material A Material B Indirect materials Total $18,500 13,250 4,250 $36,000 Print References b. Issued direct materials and indirect materials with this summary of requisitions: Job x $ 8,500 3,500 $ 12,000 Job Y Material A Material B Subtotal Indirect materials Total Total $25,500 12,000 $37,500 40,250 $ 77,750 $17,000 8,500 $25,500 c. Factory labor incurred is summarized by these time tickets Job x Job y Indirect labor Total $23,000 15,500 29,250 $67,750](http://img.homeworklib.com/questions/abf78870-7035-11ea-8243-173f21d067f4.png?x-oss-process=image/resize,w_560)
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8 Problem 4-44 Application of Overhead [LO 4-3, 4-4, 4-5] 0.62 points The following information applies...
Problem 4-44 Application of Overhead [LO 4-3, 4-4, 4-5] The following information applies to the O’Donnell...
Problem 4-44 Application of Overhead [LO 4-3, 4-4, 4-5] The following information applies to the O’Donnell Company for March production. There are only two jobs (X and Y) in production in March. Purchased direct materials and indirect materials with the following summary of receiving reports: Material A $ 26,000 Material B 17,000 Indirect materials 8,000 Total $ 51,000 Issued direct materials and indirect materials with this summary of requisitions: Job X Job Y Total Material A $ 10,000 $ 20,000...
The following information applies to the O’Donnell Company for March production. There are only two jobs...
The following information applies to the O’Donnell Company for March production. There are only two jobs (X and Y) in production in March. Purchased direct materials and indirect materials with the following summary of receiving reports: Material A $ 16,000 Material B 12,000 Indirect materials 3,000 Total $ 31,000 Issued direct materials and indirect materials with this summary of requisitions: Job X Job Y Total Material A $ 8,000 $ 16,000 $ 24,000 Material B 3,000 8,000 11,000 Subtotal $...
The following information applies to the O'Donnell Company for March production. There are only two jobs...
The following information applies to the O'Donnell Company for March production. There are only two jobs (X and Y) in production in March a. Purchased direct materials and indirect materials with the following summary of receiving reports: Material A Material B Indirect materials Total $ 22,000 15,000 6,000 $ 43,000 b. Issued direct materials and indirect materials with this summary of requisitions: Material A Material B Subtotal Indirect materials Total Job X $ 9,200 4,200 $ 13,400 Job Y $...
The following information applies to the O'Donnell Company for March production. There are only two jobs...
The following information applies to the O'Donnell Company for March production. There are only two jobs (X and Y) in production in March. a. Purchased direct materials and indirect materials with the following summary of receiving reports Material A Material B Indirect materials Total $24,500 16,250 7,250 $48,000 b. Issued direct materials and indirect materials with this summary of requisitions: Job X ş 9,700 4,700 Material A Material B Subtotal Indirect materials Total 19,400 9,700 $29,100 s29,100 14,400 43,500 43,250...
The following information applies to the O'Donnell Company for March production. There are only two jobs...
The following information applies to the O'Donnell Company for March production. There are only two jobs (X and Y) in production in March a. Purchased direct materials and indirect materials with the following summary of receiving reports: Material A Material B Indirect materials Total $ 16,000 12,000 3,000 $ 31,000 b. Issued direct materials and indirect materials with this summary of requisitions: Material A Material B Subtotal Indirect materials Total Job x $ 8,000 3,000 $ 11,000 Job Y $...
Weeks: class z. No class 2 02/ 2010 ACC331 - Cost Accounting Chapter 4: Job Order...
Weeks: class z. No class 2 02/ 2010 ACC331 - Cost Accounting Chapter 4: Job Order Costing Homework Class Problem 3 The following information applies to the McDonnell Company for April production. There are only two jobs (A and B) in production in April. 1) Purchased direct materials and indirect materials with the following summary of receiving reports: Material X Material Y Indirect materials Total 12.000 3.000 2) Issued direct materials and indirect materials with this summary of requisitions: Material...
Watkins Machinery Company uses a normal job costing system. The company has the following partial trial...
Watkins Machinery Company uses a normal job costing system. The company has the following partial trial balance information for March, the last month of its fiscal year: Materials inventory (x, $9,750; Y, $6,500; Indirect materials, $16, 250) Work-in-process inventory (this is Job 101) Finished goods inventory (this is Job 100) $ 32,500 16,800 28,000 These transactions relate to the month of March: a. Purchased direct materials and indirect materials with the following summary of receiving reports: Material x Material y...
The following information is for Punta Company for July: Factory overhead costs were applied to jobs...
The following information is for Punta Company for July: Factory overhead costs were applied to jobs at the predetermined rate of $42.50 per labor hour. Job S incurred 6,175 labor hours; Job T used 4,275 labor hours. Job S was shipped to customers during July. Job T was still in process at the end of July. The overapplied or underapplied overhead to the Cost of Goods Sold account was closed at the end of July. Factory utilities, factory depreciation, and...
Predetermined Overhead Rate; Applying Overhead; Underapplied or Overapplied Overhead [LO 4-2, LO 4-4, LO 4-5] Ravsten...
Predetermined Overhead Rate; Applying Overhead; Underapplied or Overapplied Overhead [LO 4-2, LO 4-4, LO 4-5] Ravsten Company uses a job-order costing system. The company applies overhead cost to jobs on the basis of machine-hours. For the current year, the company estimated that it would work 36,000 machine-hours and incur $153,000 in manufacturing overhead cost. The following transactions occurred during the year: a. Raw materials requisitioned for use in production, $190,000 (80% direct and 20% indirect). b. The following costs were...
3. ?? 4.?? 5.?? The following information applies to the questions displayed below. Stellar Sound, Inc....
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4.??
5.??
The following information applies to the questions displayed below. Stellar Sound, Inc. which uses a job-order costing system, had two jobs in process at the start of 20x1: job no. 64 ($84,100) and job no. 65 ($53,500). The following information is available: a. The company applies manufacturing overhead on the basis of machine hours (based on practical capacity). Budgeted overhead and machine activity for the year were anticipated to be $824,000, and 16,000 hours, respectively. b....
The following information applies to the O'Donnell Company for March production. There are only two jobs (X and Y) in production in March a. Purchased direct materials and indirect materials with the following summary of receiving reports: Material A Material B Indirect materials Total $ 22,000 15,000 6,000 $ 43,000 b. Issued direct materials and indirect materials with this summary of requisitions: Material A Material B Subtotal Indirect materials Total Job X $ 9,200 4,200 $ 13,400 Job Y $...
The following information applies to the O'Donnell Company for March production. There are only two jobs (X and Y) in production in March. a. Purchased direct materials and indirect materials with the following summary of receiving reports Material A Material B Indirect materials Total $24,500 16,250 7,250 $48,000 b. Issued direct materials and indirect materials with this summary of requisitions: Job X ş 9,700 4,700 Material A Material B Subtotal Indirect materials Total 19,400 9,700 $29,100 s29,100 14,400 43,500 43,250...
The following information applies to the O'Donnell Company for March production. There are only two jobs (X and Y) in production in March a. Purchased direct materials and indirect materials with the following summary of receiving reports: Material A Material B Indirect materials Total $ 16,000 12,000 3,000 $ 31,000 b. Issued direct materials and indirect materials with this summary of requisitions: Material A Material B Subtotal Indirect materials Total Job x $ 8,000 3,000 $ 11,000 Job Y $...
Weeks: class z. No class 2 02/ 2010 ACC331 - Cost Accounting Chapter 4: Job Order Costing Homework Class Problem 3 The following information applies to the McDonnell Company for April production. There are only two jobs (A and B) in production in April. 1) Purchased direct materials and indirect materials with the following summary of receiving reports: Material X Material Y Indirect materials Total 12.000 3.000 2) Issued direct materials and indirect materials with this summary of requisitions: Material...
Watkins Machinery Company uses a normal job costing system. The company has the following partial trial balance information for March, the last month of its fiscal year: Materials inventory (x, $9,750; Y, $6,500; Indirect materials, $16, 250) Work-in-process inventory (this is Job 101) Finished goods inventory (this is Job 100) $ 32,500 16,800 28,000 These transactions relate to the month of March: a. Purchased direct materials and indirect materials with the following summary of receiving reports: Material x Material y...
Predetermined Overhead Rate; Applying Overhead; Underapplied or Overapplied Overhead [LO 4-2, LO 4-4, LO 4-5] Ravsten Company uses a job-order costing system. The company applies overhead cost to jobs on the basis of machine-hours. For the current year, the company estimated that it would work 36,000 machine-hours and incur $153,000 in manufacturing overhead cost. The following transactions occurred during the year: a. Raw materials requisitioned for use in production, $190,000 (80% direct and 20% indirect). b. The following costs were...
3. ??
4.??
5.??
The following information applies to the questions displayed below. Stellar Sound, Inc. which uses a job-order costing system, had two jobs in process at the start of 20x1: job no. 64 ($84,100) and job no. 65 ($53,500). The following information is available: a. The company applies manufacturing overhead on the basis of machine hours (based on practical capacity). Budgeted overhead and machine activity for the year were anticipated to be $824,000, and 16,000 hours, respectively. b....
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