Homework Answers
1a) Beginning work in process = 3925+6000+4200 = 14125
1b) Overhead rate = 6375/8500 = 75%
2) Journal entry
| No | General Journal | Debit | Credit |
| 1 | Work in process | 8000 | |
| Direct material | 8000 | ||
| 2 | Work in process (8500+4000) | 12500 | |
| Direct labor | 12500 | ||
| 3 | Work in process (12500*75%) | 9375 | |
| Manufacturing overhead | 9375 | ||
| 4 | Finished goods | 44000 | |
| Work in process | 44000 | ||
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Exercise 2-3 A job order cost sheet for Ryan Company is shown below. Job No. 92...
Exercise 2-3
A job order cost sheet for Ryan Company is shown below.
Job No. 92
For 2,000 Units
Date
Direct
Materials
Direct
Labor
Manufacturing
Overhead
Beg. bal. Jan. 1
5,200
6,000
4,200
8
6,000
12
10,000
7,500
25
2,700
27
4,000
3,000
13,900
20,000
14,700
Cost of completed job:
Direct materials
$13,900
Direct labor
20,000
Manufacturing overhead
14,700
Total cost
$48,600
Unit cost ($48,600 ÷ 2,000)
$24.30
(a) On the basis of the foregoing data, answer the following
questions....
A job order cost sheet for Ryan Company is shown below. Job No. 92 Direct Materials...
A job order cost sheet for Ryan Company is shown below. Job No. 92 Direct Materials Direct Labor For 2,000 Units Manufacturing Overhead 4,900 Date 7,000 Beg. bal. Jan. 1 8 6,000 7,000 12 10,000 8,500 25 2,500 27 4,000 3,400 16,800 15,500 21,000 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost ($53,300 = 2,000) $15,500 21,000 16,800 $53,300 $26.65 (a) On the basis of the foregoing data, answer the following questions. (1) What...
A job order cost sheet for Ryan Company is shown below. Job No. 92 For 2,000...
A job order cost sheet for Ryan Company is shown below. Job No. 92 For 2,000 Units Direct Materials Direct Labor Manufacturing Overhead Date Beg. bal. Jan. 1 5,100 7,000 4.900 7,000 8,000 6,000 2,800 5,000 3,750 14,900 20,000 14,650 Cost of completed job: Direct materials $14,900 Direct labor 20,000 Manufacturing overhead 14,650 Total cost $49,550 Unit cost ($49,550 = 2,000) $24.78 (a) On the basis of the foregoing data, answer the following questions. (a) On the basis of the...
Question 1 A job cost sheet for Rolen Company is shown below. Job No. 92 Direct...
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Analyze a job cost sheet and prepare entries for manafacturing costs. 2.3 101,2, 3, 4), AP...
Analyze a job cost sheet and prepare entries for manafacturing costs. 2.3 101,2, 3, 4), AP A job order cost sheet for Ryan Company is shown below Job No. 92 For 2,000 Units Direct Materials Direct Manufacturing Date Labor 6,000 8,000 4,000 18,000 Overhead 4,200 6,400 3,200 Beg. bal. Jan. 1 5,000 6,000 12 25 27 2,000 13,000 13,800 Cost of completed job: Direct materials Direct labor Manufacturing overhead $13,000 18,000 13,800 $44,800 Total cost Unit cost ($44,800+ 2,000) $22.40...
A job order cost sheet for Ryan Company is shown below. Job No. 92 For 2,000...
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Using this information:Answer the following, Please explain briefly. A job order cost sheet for Ryan Company...
Using this information:Answer the following, Please
explain briefly.
A job order cost sheet for Ryan Company is shown below. Job No. 92 Direct Materials Date For 2,000 Units Manufacturing Overhead Direct Labor Beg. bal. Jan. 1 6,000 4,200 6,700 6,000 6,000 4,500 2,500 3,000 4,000 16,000 15,200 11,700 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost ($42,900 2,000) $15,200 16,000 11,700 $42,900 $21.45 (a) On the basis of the foregoing data, answer the following...
A Job order cost sheet for Ryan Company is shown below. Job No. 92 Direct Materials...
A Job order cost sheet for Ryan Company is shown below. Job No. 92 Direct Materials Direct Labor For 2,000 Units Manufacturing Overhead Date Beg. bal. Jan. 1 5,500 6,700 4,690 6,700 8,800 7,040 2,900 4,000 19,500 3,200 14,930 15,100 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost ($49,530 + 2,000) $15,100 19,500 14,930 $49,530 $24.77 (a) On the basis of the foregoing data, answer the following questions. (1) What was the balance in...
A job order cost sheet for Ryan Company is shown below Job No. 92 For 2,000...
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Exercise 2-3
A job order cost sheet for Ryan Company is shown below.
Job No. 92
For 2,000 Units
Date
Direct
Materials
Direct
Labor
Manufacturing
Overhead
Beg. bal. Jan. 1
5,200
6,000
4,200
8
6,000
12
10,000
7,500
25
2,700
27
4,000
3,000
13,900
20,000
14,700
Cost of completed job:
Direct materials
$13,900
Direct labor
20,000
Manufacturing overhead
14,700
Total cost
$48,600
Unit cost ($48,600 ÷ 2,000)
$24.30
(a) On the basis of the foregoing data, answer the following
questions....
A job order cost sheet for Ryan Company is shown below. Job No. 92 Direct Materials Direct Labor For 2,000 Units Manufacturing Overhead 4,900 Date 7,000 Beg. bal. Jan. 1 8 6,000 7,000 12 10,000 8,500 25 2,500 27 4,000 3,400 16,800 15,500 21,000 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost ($53,300 = 2,000) $15,500 21,000 16,800 $53,300 $26.65 (a) On the basis of the foregoing data, answer the following questions. (1) What...
A job order cost sheet for Ryan Company is shown below. Job No. 92 For 2,000 Units Direct Materials Direct Labor Manufacturing Overhead Date Beg. bal. Jan. 1 5,100 7,000 4.900 7,000 8,000 6,000 2,800 5,000 3,750 14,900 20,000 14,650 Cost of completed job: Direct materials $14,900 Direct labor 20,000 Manufacturing overhead 14,650 Total cost $49,550 Unit cost ($49,550 = 2,000) $24.78 (a) On the basis of the foregoing data, answer the following questions. (a) On the basis of the...
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Analyze a job cost sheet and prepare entries for manafacturing costs. 2.3 101,2, 3, 4), AP A job order cost sheet for Ryan Company is shown below Job No. 92 For 2,000 Units Direct Materials Direct Manufacturing Date Labor 6,000 8,000 4,000 18,000 Overhead 4,200 6,400 3,200 Beg. bal. Jan. 1 5,000 6,000 12 25 27 2,000 13,000 13,800 Cost of completed job: Direct materials Direct labor Manufacturing overhead $13,000 18,000 13,800 $44,800 Total cost Unit cost ($44,800+ 2,000) $22.40...
A job order cost sheet for Ryan Company is shown below. Job No. 92 For 2,000 Units Date Direct Materials Direct Labor Manufacturing Overhead Beg. bal. Jan. 1 6,500 6,000 4,200 6,000 8,000 6,800 25 3,000 4,000 18,000 15,500 3,400 14,400 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost (547,900 = 2.000) $15,500 18,000 14,400 $47.900 $23.95 (a) on the basis of the foregoing data, answer the following questions. (1) What was the balance...
Using this information:Answer the following, Please
explain briefly.
A job order cost sheet for Ryan Company is shown below. Job No. 92 Direct Materials Date For 2,000 Units Manufacturing Overhead Direct Labor Beg. bal. Jan. 1 6,000 4,200 6,700 6,000 6,000 4,500 2,500 3,000 4,000 16,000 15,200 11,700 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost ($42,900 2,000) $15,200 16,000 11,700 $42,900 $21.45 (a) On the basis of the foregoing data, answer the following...
A Job order cost sheet for Ryan Company is shown below. Job No. 92 Direct Materials Direct Labor For 2,000 Units Manufacturing Overhead Date Beg. bal. Jan. 1 5,500 6,700 4,690 6,700 8,800 7,040 2,900 4,000 19,500 3,200 14,930 15,100 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost ($49,530 + 2,000) $15,100 19,500 14,930 $49,530 $24.77 (a) On the basis of the foregoing data, answer the following questions. (1) What was the balance in...
A job order cost sheet for Ryan Company is shown below Job No. 92 For 2,000 Units Direct Manufacturing Direct Materials Labor Date Overhead Beg. bal 5,9007,400 5,180 Jan. 1 7,400 12 25 27 6,800 5,100 2,400 4,400 15,700 18,600 3,300 13,580 Cost of completed job: Direct materials 15,700 18,600 13,580 $47,880 $23.94 Direct labor Total cost Unit cost ($47,880 2,000) (a) On the basis of the foregoing data, answer the following questions. (1) What was the balance in Work...
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