Homework Answers
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| Creative Web Design | ||||
| Answer 1 | ||||
| Allocation of Overhead | Car City | Jan's Flowers | Happy | Note |
| Design Hours | 90.00 | 60.00 | 40.00 | A |
| Rate per Design Hour | 22.00 | 22.00 | 22.00 | B |
| Overhead allocated | 1,980.00 | 1,320.00 | 880.00 | C=A*B |
| Answer 2 | ||||
| Calculation of cost of Finished jobs | ||||
| Car City | Jan's Flowers | Total | ||
| Direct Labor cost | 2,430.00 | 1,200.00 | 3,630.00 | D |
| Overhead allocated | 1,980.00 | 1,320.00 | 3,300.00 | See C |
| Cost of Finished jobs | 4,410.00 | 2,520.00 | 6,930.00 | E=C+D |
| Journal Entry | ||||
| Account | Debit $ | Credit $ | ||
| Completed Jobs | 6,930.00 | |||
| Work In process | 6,930.00 | |||
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Creative Web Design uses a job-order costing system to track the costs of its web design...
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I'd be grateful if someone could show how to approach this
management accounting problem. Thanks in advance.
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Exercise # 5-10
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Management Accounting
I'd be grateful if someone could show how to approach this
management accounting problem. Thanks in advance.
Local Landscaping uses a job-order costing system to track the costs of its landscaping projects. The company provides complete garden design and landscaping services. The following table provides data concerning the three landscaping projects that were in progress during May. There was no work in process at the beginning of May. Designer-hours Direct materials cost Direct labour cost. Williams 200 $4,800...
Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances were as follows: Raw materialsS Work in process 25,000 Finished goods38,100 ş 50,500 The company applies overhead cost to jobs on the basis of direct labor-hours. For the current year, the company's predetermined overhead rate of $11.75 per direct labor-hour was based on a cost formula that estimated $470,000 of total manufacturing overhead for an estimated activity level of 40,000 direct labor-hours. The following...
Kenworth Company uses a job-order costing system. Only three
jobs—Job 105, Job 106, and Job 107—were worked on during November
and December. Job 105 was completed on December 10; the other two
jobs were still in production on December 31, the end of the
company’s operating year. Data from the job cost sheets of the
three jobs follow:
Job Cost Sheet
Job 105
Job 106
Job 107
November costs incurred:
Direct materials
$
19,900
$
12,700
$
0...
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