Homework Answers
| Balance in work in process is = Cost of unfinished jobs or cost of not completed jobs | ||
| Balance in work in process is = Cost of Job Z3 and Cost of Z4 | ||
| Balance in work in process is = (35000+18750) | ||
| Balance in work in process is = $ 53,750/. | ||
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Tonneau Corporation had the following information available for October 2016: Work in Process, October 1 $20,000...
25) Figure 5-5 (4pts) Tonneau Corporation had the following information available for October 2016: Work in...
25) Figure 5-5 (4pts) Tonneau Corporation had the following information available for October 2016: Work in Process, October 1 $20,000 Materials placed into production, October 27,500 Direct labor, October 37,500 Factory overhead rate is 150 percent of direct labor costs. Job cost sheets had the following balances: Job Z1 $32,500 Job Z2 55,000 Job Z3 35,000 Job 24 18,750 Jobs Z3 and Z4 were not completed at the end of December. Refer to Figure 5-5. What is the balance in...
Techuxia Corporation worked on four jobs during October: Job A256, Job A257, Job A258, and Job...
Techuxia Corporation worked on four jobs during October: Job
A256, Job A257, Job A258, and Job A260. At the end of October, the
job cost sheets for these jobs contained the following data:
Techuxia Corporation worked on four jobs during October: Job A256, Job A257, Job A258, and Job A260. At the end of October, the job cost sheets for these jobs contained the following data: Job A256 Job A257 Job A258 Job A260 $ 1,070 $ 630 $ $...
Techuxia Corporation worked on four jobs during October: Job A256, Job A257, Job A258, and Job...
Techuxia Corporation worked on four jobs during October: Job
A256, Job A257, Job A258, and Job A260. At the end of October, the
job cost sheets for these jobs contained the following data:
Techuxia Corporation worked on four jobs during October: Job A256, Job A257, Job A258, and Job A260. At the end of October, the job cost sheets for these jobs contained the following data: Job A256 Job A257 Job A258 Job A260 $ 1,020 $ 680 $ 0...
Techuxia Corporation worked on four jobs during October: Job A256, Job A257, Job A258, and Job...
Techuxia Corporation worked on four jobs during October: Job A256, Job A257, Job A258, and Job A260. At the end of October, the job cost sheets for these jobs contained the following data: Job A256 $1,010 Job Job A257 A258 $ 670 $ 0 Job A260 $ 0 Beginning balance Charged to the jobs during October: Direct materials Direct labor Manufacturing overhead applied Units completed Units in process at the end of October Units sold during October $ 2,790 $3,900...
Techuxia Corporation worked on four jobs during October: Job A256, Job A257, Job A258, and Job...
Techuxia Corporation worked on four jobs during October: Job A256, Job A257, Job A258, and Job A260. At the end of October, the job cost sheets for these jobs contained the following data: Job Job Job Job A256 A257 A258 A260 $1,100 $ 580 $0 $ 0 Beginning balance Charged to the jobs during October Direct materials Direct labor Manufacturing overhead applied Units completed Units in process at the end of October Units sold during October $2,860 $4,050 $1,580 $3,770...
The Polaris Company uses a job-order costing system. The following transactions occurred in October: a. Raw...
The Polaris Company uses a job-order costing system. The following transactions occurred in October: a. Raw materials purchased on account, $209,000. b. Raw materials used in production, $190,000 ($152,000 direct materials and $38,000 indirect materials) c. Accrued direct labor cost of $49,000 and indirect labor cost of $21,000. d. Depreciation recorded on factory equipment, $105,000. e. Other manufacturing overhead costs accrued during October, $131,000 f The company applies manufacturing overhead cost to production using a predetermined rate of $8 per...
Techuxia Corporation worked on four jobs during October. Job A256, Job A257, Job A258, and Job...
Techuxia Corporation worked on four jobs during October. Job A256, Job A257, Job A258, and Job A260. At the end of October, the job cost sheets for these jobs contained the following data: Job A256 Job A257 Job A258 Job A260 Beginning balance $ 970 $ 660 $ Charged to the jobs during October: Direct materials $2,820 $3,950 $1,440 $3,660 Direct labor $1,290 $ 950 $ 530 $ 360 Manufacturing overhead applied $4,616 $1,840 $3,366 $ 498 Units completed 202...
Techuxia Corporation worked on four jobs during October: Job A256, Job A257, Job A258, and Job...
Techuxia Corporation worked on four jobs during October: Job A256, Job A257, Job A258, and Job A260. At the end of October, the job cost sheets for these jobs contained the following data: Job A256 Job A257 Job A258 Job A260 Beginning balance $ 1,000 $ 660 $ 0 $ 0 Charged to the jobs during October: Direct materials $ 2,800 $ 4,020 $ 1,580 $ 3,790 Direct labor $ 1,170 $ 910 $ 620 $ 320 Manufacturing overhead applied...
Techuxia Corporation worked on four jobs during October: Job A256, Job A257, Job A258, and Job...
Techuxia Corporation worked on four jobs during October: Job A256, Job A257, Job A258, and Job A260. At the end of October, the job cost sheets for these jobs contained the following data: Job A256 Job A257 Job A258 Job A260 Beginning balance $ 1,020 $ 510 $ 0 $ 0 Charged to the jobs during October: Direct materials $ 2,800 $ 3,990 $ 1,470 $ 3,630 Direct labor $ 1,170 $ 850 $ 510 $ 360 Manufacturing overhead applied...
The Work in Process inventory account of a manufacturing Corporation shows a balance of $18,000 at...
The Work in Process inventory account of a
manufacturing Corporation shows a balance of $18,000 at the end of
an accounting period.
The job cost sheets of the two uncompleted jobs show
charges of $6,000 and $3,000 for materials, and charges of $4,000
and $2,000 for direct labor.
From this information, it appears that the Corporation
is using a predetermined overhead rate, as a percentage of direct
labor costs. Find the percentage.
Question No. 2: What is underapplied overhead and...
25) Figure 5-5 (4pts) Tonneau Corporation had the following information available for October 2016: Work in Process, October 1 $20,000 Materials placed into production, October 27,500 Direct labor, October 37,500 Factory overhead rate is 150 percent of direct labor costs. Job cost sheets had the following balances: Job Z1 $32,500 Job Z2 55,000 Job Z3 35,000 Job 24 18,750 Jobs Z3 and Z4 were not completed at the end of December. Refer to Figure 5-5. What is the balance in...
Techuxia Corporation worked on four jobs during October: Job
A256, Job A257, Job A258, and Job A260. At the end of October, the
job cost sheets for these jobs contained the following data:
Techuxia Corporation worked on four jobs during October: Job A256, Job A257, Job A258, and Job A260. At the end of October, the job cost sheets for these jobs contained the following data: Job A256 Job A257 Job A258 Job A260 $ 1,070 $ 630 $ $...
Techuxia Corporation worked on four jobs during October: Job
A256, Job A257, Job A258, and Job A260. At the end of October, the
job cost sheets for these jobs contained the following data:
Techuxia Corporation worked on four jobs during October: Job A256, Job A257, Job A258, and Job A260. At the end of October, the job cost sheets for these jobs contained the following data: Job A256 Job A257 Job A258 Job A260 $ 1,020 $ 680 $ 0...
Techuxia Corporation worked on four jobs during October: Job A256, Job A257, Job A258, and Job A260. At the end of October, the job cost sheets for these jobs contained the following data: Job A256 $1,010 Job Job A257 A258 $ 670 $ 0 Job A260 $ 0 Beginning balance Charged to the jobs during October: Direct materials Direct labor Manufacturing overhead applied Units completed Units in process at the end of October Units sold during October $ 2,790 $3,900...
Techuxia Corporation worked on four jobs during October: Job A256, Job A257, Job A258, and Job A260. At the end of October, the job cost sheets for these jobs contained the following data: Job Job Job Job A256 A257 A258 A260 $1,100 $ 580 $0 $ 0 Beginning balance Charged to the jobs during October Direct materials Direct labor Manufacturing overhead applied Units completed Units in process at the end of October Units sold during October $2,860 $4,050 $1,580 $3,770...
The Polaris Company uses a job-order costing system. The following transactions occurred in October: a. Raw materials purchased on account, $209,000. b. Raw materials used in production, $190,000 ($152,000 direct materials and $38,000 indirect materials) c. Accrued direct labor cost of $49,000 and indirect labor cost of $21,000. d. Depreciation recorded on factory equipment, $105,000. e. Other manufacturing overhead costs accrued during October, $131,000 f The company applies manufacturing overhead cost to production using a predetermined rate of $8 per...
Techuxia Corporation worked on four jobs during October. Job A256, Job A257, Job A258, and Job A260. At the end of October, the job cost sheets for these jobs contained the following data: Job A256 Job A257 Job A258 Job A260 Beginning balance $ 970 $ 660 $ Charged to the jobs during October: Direct materials $2,820 $3,950 $1,440 $3,660 Direct labor $1,290 $ 950 $ 530 $ 360 Manufacturing overhead applied $4,616 $1,840 $3,366 $ 498 Units completed 202...
The Work in Process inventory account of a
manufacturing Corporation shows a balance of $18,000 at the end of
an accounting period.
The job cost sheets of the two uncompleted jobs show
charges of $6,000 and $3,000 for materials, and charges of $4,000
and $2,000 for direct labor.
From this information, it appears that the Corporation
is using a predetermined overhead rate, as a percentage of direct
labor costs. Find the percentage.
Question No. 2: What is underapplied overhead and...
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