Homework Answers
| total cost of job | |||||
| direct materials | 330 | ||||
| direct labor | 2250 | ||||
| oh applied | (2250*40%)= | 900 | |||
| Total cost of job | 3480 | ||||
| correct option | |||||
| Answer) | option d | ||||
| Debit to finished goods inventory $3,480 and | |||||
| credit to work in process inventory $3,480 | |||||
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Altima ine finished Job A4 on the last working day...
HEY, ALL I NEED IS THE LAST QUESTION PLEASE, THESE SCREENSHOTS ARE FOR TO HELP YOU...
HEY, ALL I NEED IS THE LAST QUESTION PLEASE, THESE
SCREENSHOTS ARE FOR TO HELP YOU UNDERSTAND WHAT HAS BEEN DONE
BEFORE :D
P15-3A Prepare entries for a job order cost system and cost of goods manufactured schedule Case Inc. is a construction company specializing in custom patios. The patios are constructed of concrete, brick, fiberglass, and lumber, depending upon customer preference. On June 1, 2020, the general ledger for Case Inc. contains the following data. Raw Materials Inventory Work...
how do i calculate? Custom Cabinetry has one job in process (Job 120) as of June...
how do i calculate?
Custom Cabinetry has one job in process (Job 120) as of June 30, at that time, its job cost sheet reports direct materials of $7,800, direct labor of $4,000, and applied overhead of $3,400. Custom Cabinetry applies overhead at the rate of 85% of direct labor cost. During July, Job 120 is sold (on account) for $30,500, Job 121 is started and completed, and Job 122 is started and still in process at the end of...
I need help! The red ones are incorrect. Lott Company uses a job order cost system...
I need help! The red ones are incorrect.
Lott Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2017, Job No. 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $23,200, direct labor $13,920, and manufacturing overhead $18,560. As of January 1, Job No. 49 had been completed at a cost of $104,400 and...
I need help with my assignment please Exercise 3-14 Production cost flow and measurement; journal entries...
I need help with my assignment please
Exercise 3-14 Production cost flow and measurement; journal entries LO P1, P2, P3, P4 Pro-Weave manufactures stadium blankets by passing the products through a weaving department and a sewing department. The following information is available regarding its June inventores Raw materials inventory Work in process inventory Weaving Work in process inventory Sewing Finished goods inventory Beginning Inventory $ 182,000 370.000 585,000 1,406,000 Ending Inventory $ 285,000 450 000 760,000 1,496,000 The following additional...
Problem 15-3A Source documents, journal entries, and accounts in job order costing LO P1, P2, P3...
Problem 15-3A Source documents, journal entries, and accounts in job order costing LO P1, P2, P3 [The following information applies to the questions displayed below.] Widmer Watercraft's predetermined overhead rate for year 2015 is 200% of direct labor. Information on the company's production activities during May 2015 follows. a. Purchased raw materials on credit, $220,000. b. Materials requisitions record use of the following materials for the month. Job 136 Job 137 Job 138 $ 48,500 33,000 19,400 22,600 7,400 Job...
4. Prepare a report showing the total cost of each job in process and prove that...
4. Prepare a report showing the total cost of each job in process and prove that the sum of their costs equals the Work in Process Inventory account balance. Prepare similar reports for Finished Goods Inventory and Cost of Goods Sold. Report of Job Costs Work in Process Inventory Balance Finished Goods Inventory Balance Cost of Goods Sold Balance < Prev 4 of 4 Next > e. Applied overhead to Jobs 136, 138, and 139. f. Transferred Jobs 136, 138,...
I need help with the whole question with a solution and explanation Please and Thank you....
I need help with the whole question with a solution and explanation
Please and Thank you.
Chapter 15 Homework i Saved Help Save & Exit Submit Check my work On March 1 a dressmaker starts work on three custom-designed wedding dresses. The company uses job order costing and applies overhead to each job (dress) at the rate of 51% of direct materials costs. During the month, the jobs used direct materials as shown below. 4.44 points Job 1 Job 2...
I Custom Cabinetry has one job in process (Job 120) as of June 30; at that...
I Custom Cabinetry has one job in process (Job 120) as of June 30; at that time, its job cost sheet reports direct materials of $7,400, direct labor of $4,200, and applied overhead of $3,780. Custom Cabinetry applies overhead at the rate of 90% of direct labor cost During July, Job 120 is sold (on account) for $27,000, Job 121 is started and completed, and Job 122 is started and still in process at the end of the month. Custom...
Problem 15-3A Source documents, journal entries, and accounts in job order costing LO P1, P2, P3...
Problem 15-3A Source documents, journal entries, and accounts in job order costing LO P1, P2, P3 [The following information applies to the questions displayed below.) Widmer Watercraft's predetermined overhead rate for year 2015 is 200% of direct labor. Information on the company's production activities during May 2015 follows. a. Purchased raw materials on credit, $240,000. b. Materials requisitions record use of the following materials for the month. Job 136 Job 137 Job 138 Job 139 Job 140 $ 49,000 32,500...
I don’t understand last part, Finished goods inventory 3/31/2017 ? Help me please Cal Nelson recently...
I don’t understand last part, Finished goods inventory 3/31/2017
? Help me please
Cal Nelson recently took over as the controller of Archer Brothers Manufacturing, Last month, the previous controller left the company with little notice and left the Bocounting records in disarray. Cal needs the ending inventory balances to report first-quartor numbers. For the previous month (March 2017) Ron was able to piece together the following Information: (Click the icon to view the information for March 2017.) Read the...
HEY, ALL I NEED IS THE LAST QUESTION PLEASE, THESE
SCREENSHOTS ARE FOR TO HELP YOU UNDERSTAND WHAT HAS BEEN DONE
BEFORE :D
P15-3A Prepare entries for a job order cost system and cost of goods manufactured schedule Case Inc. is a construction company specializing in custom patios. The patios are constructed of concrete, brick, fiberglass, and lumber, depending upon customer preference. On June 1, 2020, the general ledger for Case Inc. contains the following data. Raw Materials Inventory Work...
how do i calculate?
Custom Cabinetry has one job in process (Job 120) as of June 30, at that time, its job cost sheet reports direct materials of $7,800, direct labor of $4,000, and applied overhead of $3,400. Custom Cabinetry applies overhead at the rate of 85% of direct labor cost. During July, Job 120 is sold (on account) for $30,500, Job 121 is started and completed, and Job 122 is started and still in process at the end of...
I need help! The red ones are incorrect.
Lott Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2017, Job No. 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $23,200, direct labor $13,920, and manufacturing overhead $18,560. As of January 1, Job No. 49 had been completed at a cost of $104,400 and...
I need help with my assignment please
Exercise 3-14 Production cost flow and measurement; journal entries LO P1, P2, P3, P4 Pro-Weave manufactures stadium blankets by passing the products through a weaving department and a sewing department. The following information is available regarding its June inventores Raw materials inventory Work in process inventory Weaving Work in process inventory Sewing Finished goods inventory Beginning Inventory $ 182,000 370.000 585,000 1,406,000 Ending Inventory $ 285,000 450 000 760,000 1,496,000 The following additional...
Problem 15-3A Source documents, journal entries, and accounts in job order costing LO P1, P2, P3 [The following information applies to the questions displayed below.] Widmer Watercraft's predetermined overhead rate for year 2015 is 200% of direct labor. Information on the company's production activities during May 2015 follows. a. Purchased raw materials on credit, $220,000. b. Materials requisitions record use of the following materials for the month. Job 136 Job 137 Job 138 $ 48,500 33,000 19,400 22,600 7,400 Job...
4. Prepare a report showing the total cost of each job in process and prove that the sum of their costs equals the Work in Process Inventory account balance. Prepare similar reports for Finished Goods Inventory and Cost of Goods Sold. Report of Job Costs Work in Process Inventory Balance Finished Goods Inventory Balance Cost of Goods Sold Balance < Prev 4 of 4 Next > e. Applied overhead to Jobs 136, 138, and 139. f. Transferred Jobs 136, 138,...
I need help with the whole question with a solution and explanation
Please and Thank you.
Chapter 15 Homework i Saved Help Save & Exit Submit Check my work On March 1 a dressmaker starts work on three custom-designed wedding dresses. The company uses job order costing and applies overhead to each job (dress) at the rate of 51% of direct materials costs. During the month, the jobs used direct materials as shown below. 4.44 points Job 1 Job 2...
I Custom Cabinetry has one job in process (Job 120) as of June 30; at that time, its job cost sheet reports direct materials of $7,400, direct labor of $4,200, and applied overhead of $3,780. Custom Cabinetry applies overhead at the rate of 90% of direct labor cost During July, Job 120 is sold (on account) for $27,000, Job 121 is started and completed, and Job 122 is started and still in process at the end of the month. Custom...
Problem 15-3A Source documents, journal entries, and accounts in job order costing LO P1, P2, P3 [The following information applies to the questions displayed below.) Widmer Watercraft's predetermined overhead rate for year 2015 is 200% of direct labor. Information on the company's production activities during May 2015 follows. a. Purchased raw materials on credit, $240,000. b. Materials requisitions record use of the following materials for the month. Job 136 Job 137 Job 138 Job 139 Job 140 $ 49,000 32,500...
I don’t understand last part, Finished goods inventory 3/31/2017
? Help me please
Cal Nelson recently took over as the controller of Archer Brothers Manufacturing, Last month, the previous controller left the company with little notice and left the Bocounting records in disarray. Cal needs the ending inventory balances to report first-quartor numbers. For the previous month (March 2017) Ron was able to piece together the following Information: (Click the icon to view the information for March 2017.) Read the...
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