Homework Answers
Overhead expense as a percentage of direct labor cost = $5,742 / $9,900 = 58%
Overhead cost of Job W = $4,700 X 58% = $2,726
Job W is still in process, Job W will be recorded as Work-in process in financial statements.
1a. Yes
1b. $2,726
2 Work-in process
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Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V,...
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V,...
Sigma Corporation applies overhead cost to jobs on the basis of
direct labor cost. Job V, which was started and completed during
the current period, shows charges of $5,700 for direct materials,
$9,600 for direct labor, and $5,376 for overhead on its job cost
sheet. Job W, which is still in process at year-end, shows charges
of $2,900 for direct materials and $4,100 for direct
labor.
Check my work 3 Required: la. Should any overhead cost be applied to Job...
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V,...
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during the current period, shows charges of $5,200 for direct materials, $9,900 for direct labor, and $6,435 for overhead on its job cost sheet. Job W, which is still in process at year-end, shows charges of $2,900 for direct materials and $4,800 for direct labor. Required: 1a. Should any overhead cost be applied to Job W at year-end? Yes...
10 Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job...
10 Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during the current period, shows charges of $6.700 for direct materials. $8,100 for direct labor, and $5.994 for overhead on its job cost sheet Job W, which is still in process at year-end, shows charges of $3,200 for direct materials and $5.800 for direct labor. Required: 1a. Should any overhead cost be applied to Job Wat year-end? Yes...
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V,...
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during the current period, shows charges of $6,800 for direct materials, $9,500 for direct labor, and $5,985 for overhead on its job cost sheet. Job W, which is still in process at year-end, shows charges of $4,200 for direct materials and $4,800 for direct labor. Required: 1a. Should any overhead cost be applied to Job W at year-end? Yes...
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V,...
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during the current period, shows charges of $5,000 for direct materials, $8,000 for direct labor, and $6,000 for overhead on its job cost sheet. Job W, which is still in process at year-end, shows charges of $2,500 for direct materials and $4,000 for direct labor. Required: 1a. Should any overhead cost be applied to Job W at year-end? 1b. How much overhead...
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost Job V,...
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost Job V, which was started and completed during the Current period, shows charges of $6.200 for direct materials. $8.200 for direct labor, and $5.822 for overhead on its job cost sheet Job W, which is still in process at year-end, shows charges of $4,300 for direct materials and $5,100 for direct labor Required: 10. Should any overhead cost be applied to Job Wat year-end? Yes O...
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost
Exercise 2-10 Applying Overhead Cost to a Job (LO2-2) Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during the current period, shows charges of $5,500 for direct materials, $9,000 for direct labor, and $5,130 for overhead on its job cost sheet. Job W, which is still in process at year-end, shows charges of $3,300 for direct materials and $5.500 for direct labor. Required: 1a. Should any overhead cost be applied...
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V,...
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during the current period, shows charges of $5,800 for direct materials, $8,200 for direct labor, and $5,986 for overhead on its job cost sheet. Job W, which is still in process at year-end, shows charges of $3,200 for direct materials and $5,700 for direct labor. Required: 1a. Should any overhead cost be applied to Job W at year-end? Yes...
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V,...
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during the current period, shows charges of $6,100 for direct materials, $8,900 for direct labor, and $4,895 for overhead on its job cost sheet. Job W, which is still in process at year-end, shows charges of $3,400 for direct materials and $5,400 for direct labor. Required: 1a. Should any overhead cost be applied to Job W at year-end? Yes...
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V,...
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during the current period, shows charges of $6,600 for direct materials, $9,700 for direct labor, and $6,887 for overhead on its job cost sheet. Job W, which is still in process at year-end, shows charges of $3,400 for direct materials and $4,600 for direct labor. 1b. How much overhead cost should be applied to Job W?
Sigma Corporation applies overhead cost to jobs on the basis of
direct labor cost. Job V, which was started and completed during
the current period, shows charges of $5,700 for direct materials,
$9,600 for direct labor, and $5,376 for overhead on its job cost
sheet. Job W, which is still in process at year-end, shows charges
of $2,900 for direct materials and $4,100 for direct
labor.
Check my work 3 Required: la. Should any overhead cost be applied to Job...
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during the current period, shows charges of $5,200 for direct materials, $9,900 for direct labor, and $6,435 for overhead on its job cost sheet. Job W, which is still in process at year-end, shows charges of $2,900 for direct materials and $4,800 for direct labor. Required: 1a. Should any overhead cost be applied to Job W at year-end? Yes...
10 Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during the current period, shows charges of $6.700 for direct materials. $8,100 for direct labor, and $5.994 for overhead on its job cost sheet Job W, which is still in process at year-end, shows charges of $3,200 for direct materials and $5.800 for direct labor. Required: 1a. Should any overhead cost be applied to Job Wat year-end? Yes...
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during the current period, shows charges of $6,800 for direct materials, $9,500 for direct labor, and $5,985 for overhead on its job cost sheet. Job W, which is still in process at year-end, shows charges of $4,200 for direct materials and $4,800 for direct labor. Required: 1a. Should any overhead cost be applied to Job W at year-end? Yes...
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during the current period, shows charges of $5,000 for direct materials, $8,000 for direct labor, and $6,000 for overhead on its job cost sheet. Job W, which is still in process at year-end, shows charges of $2,500 for direct materials and $4,000 for direct labor. Required: 1a. Should any overhead cost be applied to Job W at year-end? 1b. How much overhead...
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost Job V, which was started and completed during the Current period, shows charges of $6.200 for direct materials. $8.200 for direct labor, and $5.822 for overhead on its job cost sheet Job W, which is still in process at year-end, shows charges of $4,300 for direct materials and $5,100 for direct labor Required: 10. Should any overhead cost be applied to Job Wat year-end? Yes O...
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