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Do It! Exercise 15A-2 Milner Company is working on two job orders. The job cost sheets...
Milner Company is working on two job orders. The job cost sheets show the following. Job...
Milner Company is working on two job orders. The job cost sheets show the following. Job 201 Job 202 Direct materials $7,000 $9,100 Direct labor 4,300 8,300 Manufacturing overhead 5,500 9,850 Prepare the three summary entries to record the assignment of costs to Work in Process from the data on the job cost sheets. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (a) enter an account title...
Do It! Review 20-02 Wildhorse Company is working on two job orders. The job cost sheets...
Do It! Review 20-02
Wildhorse Company is working on two job orders. The job cost
sheets show the following.
Job 201
Job 202
Direct materials
$7,200
$8,850
Direct labor
4,250
8,150
Manufacturing overhead
5,200
9,900
Prepare the three summary entries to record the assignment of costs
to Work in Process from the data on the job cost sheets.
(Credit account titles are automatically indented when
amount is entered. Do not indent manually.)
No.
Account Titles and Explanation
Debit
Credit
(a)...
We were unable to transcribe this imageDo It! Review 2-2 Milner Company is working on two...
We were unable to transcribe this imageDo It! Review 2-2 Milner Company is working on two job orders. The job cost sheets show the following Direct materials Direct labor Manufacturting overhead eb 201 Job 202 7,000 $8,800 7,800 5,0009,600 ,800 Prepare the three summary entries to recond the assignment of costs to Work in Process from the data on the job cost sheets.(Credit account titles are automatically indented when amount is entered. De not indent manually) No. Account Titles and...
part C) c-f Coronado Company uses a job order cost system and applies overhead to production...
part C)
c-f
Coronado Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $ 24,000, direct labor $ 14,400, and manufacturing overhead $ 19,200. As of January 1, Job 49 had been completed at a cost of $ 108,000 and was part of...
SIGNMENT For the year ended December 31, 2017, the job cost sheets of Coronado Company contained...
SIGNMENT For the year ended December 31, 2017, the job cost sheets of Coronado Company contained the following data Explanation MaterialsLabor Overhead Balance 1/1 Current years costs Balance 1/1 Current year's costs Current year's costs $30,000 $28,800 36,000 43,200 13,200 21,600 51,600 57,600 69,600 66,000 $34,560 $93,360 51,840 131,040 25,920 60,720 69,120 178,320 79,200 214,800 7641 7642 1. Raw materials inventory totaled $18,000 on January 1. During the year, $168,000 of raw materials were purchased on account. Factory labor incurred...
In March, Crane Company completes its only two jobs in process, Jobs 10 and 11. Job...
In March, Crane Company completes its only two jobs in process, Jobs 10 and 11. Job 10 cost $27,700 and Job 11 $40,500. On March 31, Job 10 is sold. Record the completion of the two jobs and the sale of Job 10. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Manufacturing Costs Factory Labor Work in Proce Raw Materials Inventory $ Manufacturing Overhead $ $ $ $ Balance Completion of...
In March, Uriole Company completes its only two jobs in process, Jobs 10 and 11. Job...
In March, Uriole Company completes its only two jobs in process, Jobs 10 and 11. Job 10 cost $30,000 and Job 11 $34,300. On March 31, Job 10 is sold. Record the completion of the two jobs and the sale of Job 10. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Manufacturing Costs Work in Process Inventory Fini: Inve Raw Materials Inventory Factory Labor Manufacturing Overhead Balance $ $ Completion of...
C-F Coronado Company uses a job order cost system and applies overhead to production on the...
C-F
Coronado Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $ 24,000, direct labor $ 14,400, and manufacturing overhead $ 19,200. As of January 1, Job 49 had been completed at a cost of $ 108,000 and was part of finished goods...
Milner Manufacturing uses a job-order costing system. On May 1, the company has a balance in...
Milner Manufacturing uses a job-order costing system. On May 1, the company has a balance in Work in Process Inventory of $3,800 and two jobs in process: Job No. 429 $2,120, and Job No. 430 $1,680. During May, a summary of source documents reveals the following: Job Number Labour Time Tickets 429 Materials Requisition Slips $2,350 39 3,830 $2,020 430 3,410 7.720 4.470 431 General use $10,650 1.160 $11.810 $13,150 1,680 $14,830 Milner Manufacturing applies manufacturing overhead to jobs at...
Please complete part (c)-(f) Sunland Company uses a job order cost system and applies overhead to...
Please complete part (c)-(f)
Sunland Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $ 24,200 direct labor $ 14,520, and manufacturing overhead $ 19,360. As of January 1, Job 49 had been completed at a cost of $ 108,900 and was part...
Do It! Review 20-02
Wildhorse Company is working on two job orders. The job cost
sheets show the following.
Job 201
Job 202
Direct materials
$7,200
$8,850
Direct labor
4,250
8,150
Manufacturing overhead
5,200
9,900
Prepare the three summary entries to record the assignment of costs
to Work in Process from the data on the job cost sheets.
(Credit account titles are automatically indented when
amount is entered. Do not indent manually.)
No.
Account Titles and Explanation
Debit
Credit
(a)...
We were unable to transcribe this imageDo It! Review 2-2 Milner Company is working on two job orders. The job cost sheets show the following Direct materials Direct labor Manufacturting overhead eb 201 Job 202 7,000 $8,800 7,800 5,0009,600 ,800 Prepare the three summary entries to recond the assignment of costs to Work in Process from the data on the job cost sheets.(Credit account titles are automatically indented when amount is entered. De not indent manually) No. Account Titles and...
part C)
c-f
Coronado Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $ 24,000, direct labor $ 14,400, and manufacturing overhead $ 19,200. As of January 1, Job 49 had been completed at a cost of $ 108,000 and was part of...
SIGNMENT For the year ended December 31, 2017, the job cost sheets of Coronado Company contained the following data Explanation MaterialsLabor Overhead Balance 1/1 Current years costs Balance 1/1 Current year's costs Current year's costs $30,000 $28,800 36,000 43,200 13,200 21,600 51,600 57,600 69,600 66,000 $34,560 $93,360 51,840 131,040 25,920 60,720 69,120 178,320 79,200 214,800 7641 7642 1. Raw materials inventory totaled $18,000 on January 1. During the year, $168,000 of raw materials were purchased on account. Factory labor incurred...
In March, Crane Company completes its only two jobs in process, Jobs 10 and 11. Job 10 cost $27,700 and Job 11 $40,500. On March 31, Job 10 is sold. Record the completion of the two jobs and the sale of Job 10. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Manufacturing Costs Factory Labor Work in Proce Raw Materials Inventory $ Manufacturing Overhead $ $ $ $ Balance Completion of...
In March, Uriole Company completes its only two jobs in process, Jobs 10 and 11. Job 10 cost $30,000 and Job 11 $34,300. On March 31, Job 10 is sold. Record the completion of the two jobs and the sale of Job 10. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Manufacturing Costs Work in Process Inventory Fini: Inve Raw Materials Inventory Factory Labor Manufacturing Overhead Balance $ $ Completion of...
C-F
Coronado Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $ 24,000, direct labor $ 14,400, and manufacturing overhead $ 19,200. As of January 1, Job 49 had been completed at a cost of $ 108,000 and was part of finished goods...
Milner Manufacturing uses a job-order costing system. On May 1, the company has a balance in Work in Process Inventory of $3,800 and two jobs in process: Job No. 429 $2,120, and Job No. 430 $1,680. During May, a summary of source documents reveals the following: Job Number Labour Time Tickets 429 Materials Requisition Slips $2,350 39 3,830 $2,020 430 3,410 7.720 4.470 431 General use $10,650 1.160 $11.810 $13,150 1,680 $14,830 Milner Manufacturing applies manufacturing overhead to jobs at...
Please complete part (c)-(f)
Sunland Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $ 24,200 direct labor $ 14,520, and manufacturing overhead $ 19,360. As of January 1, Job 49 had been completed at a cost of $ 108,900 and was part...
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