Homework Answers
| Req 1&2 | ||||||||
| Direct materials | ||||||||
| Job | May | June | total | |||||
| 102 | 12,000 | 15,000 | 27,000 | |||||
| 103 | 63,000 | 63000 | ||||||
| 104 | 49,000 | 49000 | ||||||
| total | 12,000 | 127,000 | 139,000 | |||||
| Direct labor | ||||||||
| Job | May | June | total | |||||
| 102 | 3,400 | 13,600 | 17,000 | |||||
| 103 | 25,400 | 25,400 | ||||||
| 104 | 41,000 | 41,000 | ||||||
| total | 3,400 | 80,000 | 83,400 | |||||
| Req 3 | ||||||||
| Choose Numerator | / | Choose Denominator | = | OH rate | ||||
| Job 102 | ||||||||
| overhead cost | / | Direct labor costs | = | overhead rate | ||||
| 6,800 | / | 17,000 | = | 40% | ||||
| Job 103 | ||||||||
| overhead cost | / | Direct labor costs | = | overhead rate | ||||
| 10,160 | / | 25,400 | = | 40% | ||||
| Job 104 | ||||||||
| overhead cost | / | Direct labor costs | = | overhead rate | ||||
| 16,400 | / | 41,000 | = | 40% | ||||
| Req 4 | Direct | Direct | applied | total | cost trfd | |||
| Job | materials | labor | overhead | cost | to finished | |||
| 102 | 27,000 | 17,000 | 6,800 | 50,800 | 50,800 | |||
| 103 | 63,000 | 25,400 | 10,160 | 98,560 | 98,560 | |||
| 104 | 49,000 | 41,000 | 16,400 | 106,400 | 0 | |||
| total | 139,000 | 83,400 | 33,360 | 255,760 | 149,360 | |||
Add Answer to:
Req 1 and 2 Req3 Req 4 How much total cost is transferred to finished goods...
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the...
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs Direct materials Direct labor Overhead applied Job 102 $27,000 17,000 Sob 103 $63.000 25,400 10.16 Job 104 $49,000 41.000 16,00 Job 102 was started in production in May and the following costs were assigned to it in May: direct materials. $12,000, direct labor, $3,400, and overhead, $1,360. Jobs 103 and 104 were started in June. Overhead...
how do i calculate? As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs a...
how do i calculate?
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs. Job 102 $40,000 12,000 4,800 Job 103 Job 104 Direct materials $50,000 $46,000 Direct labor 46,000 18,400 26,200 Overhead applied 10,480 Job 102 was started in production in May, and the following costs were assigned to it in May: direct materials, $11,000; direct labor, $4,000; and overhead, $1,600. Jobs 103 and 104...
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the...
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs. Direct materials Direct labor Overhead applied Job 102 $15,000 8,000 4,000 Job 103 $33,000 14,200 7,100 Job 104 $27,000 21,000 10,500 Job 102 was started in production in May and the following costs were assigned to it in May: direct materials, $6,000; direct labor, $1,800; and overhead, $900. Jobs 103 and 104 were started in June....
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the...
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs. Direct materials Direct labor Overhead applied Job 102 $27,000 17,000 6,120 Job 103 $58,000 25,600 9,216 Job 104 $63,000 43,000 15,480 Job 102 was started in production in May, and the following costs were assigned to it in May: direct materials, $12,000; direct labor, $3,000; and overhead, $1,080. Jobs 103 and 104 were started in June....
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the...
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs. Direct materials Direct labor Overhead applied Job 102 $26,000 20,000 6,800 Job 103 $55,000 27,200 9,248 Job 104 $55,000 42,000 14,280 Job 102 was started in production in May, and the following costs were assigned to it in May: direct materials, $14,000; direct labor, $3,100; and overhead, $1,054. Jobs 103 and 104 were started in June....
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the...
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs Direct materials Direct labor Overhead applied Job 102 $19,000 15, 000 7, 200 Job 103 $75,000 27,000 12, 960 Job 104 $54, 000 38,000 18, 240 Job 102 was started in production in May, and the following costs were assigned to it in May: direct materials, $15,000, direct labor, $3,800, and overhead, $1,824. Jobs 103 and...
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the...
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs. Direct materials Direct labor Overhead applied Job 102 $17,000 16,000 5,280 Job 103 $53,000 27,100 8,943 Job 104 $53,000 40,000 13,200 Job 102 was started in production in May and the following costs were assigned to it in May: direct materials. $8,000; direct labor. $2,900; and overhead, $957. Jobs 103 and 104 were started in June....
As of the end of June, the job cost sheets at Racing Wheels, Inc. show the...
As of the end of June, the job cost sheets at Racing Wheels, Inc. show the following total costs accumulated on three custom jobs. Direct materials Direct labor Overhead applied Job 102 $18,000 14,000 6,580 Job 103 $55,000 27,000 12,690 Job 184 $48,888 42,000 19,740 Job 102 was started in production in May and the following costs were assigned to it in May, direct materials. $13,000, direct labor. $3,600, and overhead, $1,692. Jobs 103 and 104 were started in June....
One question with four parts: As of the end of June, the job cost sheets at...
One question with four parts:
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs. Direct materials Direct labor Overhead applied Job 102 $27,000 12,000 3,960 Job 103 $59,000 26,000 8,580 Job 104 $58,000 44,000 14,520 Job 102 was started in production in May, and the following costs were assigned to it in May: direct materials, $9,000, direct labor, $3,800, and overhead, $1,254. Jobs 103 and...
Exercise 15-3 Analysis of cost flows LO C2 As of the end of June, the job...
Exercise 15-3 Analysis of cost flows LO C2 As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs. Direct materials Direct labor Overhead applied Job 102 $42,000 17,000 8,330 Job 103 $59,000 26,000 12,740 Job 104 $51,000 38,000 18,620 Job 102 was started in production in May and the following costs were assigned to it in May: direct materials, $11,000; direct labor, $3,500; and overhead, $1,715....
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs Direct materials Direct labor Overhead applied Job 102 $27,000 17,000 Sob 103 $63.000 25,400 10.16 Job 104 $49,000 41.000 16,00 Job 102 was started in production in May and the following costs were assigned to it in May: direct materials. $12,000, direct labor, $3,400, and overhead, $1,360. Jobs 103 and 104 were started in June. Overhead...
how do i calculate?
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs. Job 102 $40,000 12,000 4,800 Job 103 Job 104 Direct materials $50,000 $46,000 Direct labor 46,000 18,400 26,200 Overhead applied 10,480 Job 102 was started in production in May, and the following costs were assigned to it in May: direct materials, $11,000; direct labor, $4,000; and overhead, $1,600. Jobs 103 and 104...
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs. Direct materials Direct labor Overhead applied Job 102 $15,000 8,000 4,000 Job 103 $33,000 14,200 7,100 Job 104 $27,000 21,000 10,500 Job 102 was started in production in May and the following costs were assigned to it in May: direct materials, $6,000; direct labor, $1,800; and overhead, $900. Jobs 103 and 104 were started in June....
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs. Direct materials Direct labor Overhead applied Job 102 $27,000 17,000 6,120 Job 103 $58,000 25,600 9,216 Job 104 $63,000 43,000 15,480 Job 102 was started in production in May, and the following costs were assigned to it in May: direct materials, $12,000; direct labor, $3,000; and overhead, $1,080. Jobs 103 and 104 were started in June....
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs. Direct materials Direct labor Overhead applied Job 102 $26,000 20,000 6,800 Job 103 $55,000 27,200 9,248 Job 104 $55,000 42,000 14,280 Job 102 was started in production in May, and the following costs were assigned to it in May: direct materials, $14,000; direct labor, $3,100; and overhead, $1,054. Jobs 103 and 104 were started in June....
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs Direct materials Direct labor Overhead applied Job 102 $19,000 15, 000 7, 200 Job 103 $75,000 27,000 12, 960 Job 104 $54, 000 38,000 18, 240 Job 102 was started in production in May, and the following costs were assigned to it in May: direct materials, $15,000, direct labor, $3,800, and overhead, $1,824. Jobs 103 and...
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs. Direct materials Direct labor Overhead applied Job 102 $17,000 16,000 5,280 Job 103 $53,000 27,100 8,943 Job 104 $53,000 40,000 13,200 Job 102 was started in production in May and the following costs were assigned to it in May: direct materials. $8,000; direct labor. $2,900; and overhead, $957. Jobs 103 and 104 were started in June....
As of the end of June, the job cost sheets at Racing Wheels, Inc. show the following total costs accumulated on three custom jobs. Direct materials Direct labor Overhead applied Job 102 $18,000 14,000 6,580 Job 103 $55,000 27,000 12,690 Job 184 $48,888 42,000 19,740 Job 102 was started in production in May and the following costs were assigned to it in May, direct materials. $13,000, direct labor. $3,600, and overhead, $1,692. Jobs 103 and 104 were started in June....
One question with four parts:
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs. Direct materials Direct labor Overhead applied Job 102 $27,000 12,000 3,960 Job 103 $59,000 26,000 8,580 Job 104 $58,000 44,000 14,520 Job 102 was started in production in May, and the following costs were assigned to it in May: direct materials, $9,000, direct labor, $3,800, and overhead, $1,254. Jobs 103 and...
Exercise 15-3 Analysis of cost flows LO C2 As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs. Direct materials Direct labor Overhead applied Job 102 $42,000 17,000 8,330 Job 103 $59,000 26,000 12,740 Job 104 $51,000 38,000 18,620 Job 102 was started in production in May and the following costs were assigned to it in May: direct materials, $11,000; direct labor, $3,500; and overhead, $1,715....
Most questions answered within 3 hours.
-
Cranium, Inc., purchases term papers from an overseas supplier
under a continuous review system. The average...
asked 2 hours ago -
1- What is the freezing point of pure water (in degrees
Celsius)?
2-
he molar mass...
asked 3 hours ago -
Determine the direction of the force that will act on the charge
in each of the...
asked 3 hours ago -
You purchase your daily coffee at the Chemist’s Coffeehouse and
have a choice of two cups:...
asked 5 hours ago -
Which of the following pairs of chemicals could be used to make
a buffer solution?
A.)...
asked 5 hours ago -
Problem 16-51 Sales
Activity Variance (LO 16-3)Odessa, Inc., reports the following
information concerning operations for the...
asked 6 hours ago -
Pictured on the right are thee point charges Q1 = 18.4 μC, Q2 =
-30.6 μC,...
asked 6 hours ago -
A graduate student is conducting research in psychology and
needs to obtain the IQ scores of...
asked 6 hours ago -
R2.84: There are 2 defective products in a production lot of 10.
An inspector randomly selected...
asked 8 hours ago -
Consider the following equilibrium system: COCl2(g) CO(g) +
Cl2(g) A 10.00 L evacuated flask is filled...
asked 8 hours ago -
1) What are the two distinct steps that one needs to perform
when developing a data...
asked 8 hours ago -
2) Write a C++ program that uses a class called “Degree” to
obtain the trigonometric
values...
asked 9 hours ago