a | |||
1 | |||
Balance in Work in Process inventory on January 1 | 18900 | =7000+7000+4900 | |
2 | |||
Overhead rate: | |||
Last year | 70% | =4900/7000 | |
Current year | 75% | =7500/10000 | |
b | |||
Account Titles and explanation | Debit | Credit | |
Work in process inventory | 9500 | =7000+2500 | |
Raw materials inventory | 9500 | ||
(To record raw materials used) | |||
Work in process inventory | 15000 | =10000+5000 | |
Factory labor | 15000 | ||
(To record factory labor used) | |||
Work in process inventory | 11250 | =7500+3750 | |
Manufacturing overhead | 11250 | ||
(To record Manufacturing overhead) | |||
Finished goods inventory | 54650 | ||
Work in process inventory | 54650 | ||
(To record job completed) |
help plz! A job order cost sheet for Bonita Company is shown below. Job No. 92...
Exercise 15-03 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 Beqbal 7,000 4,900 7,000 7,000 10,000 7,500 2,500 5,000 3,750 16,150 16,500 22,000 $16,500 Cost of completed job Direct materials Direct labor Manufacturing overhead Total cost Unit cost (554,650 + 2,000) 22,000 16,150 $54,650 $27.33 (a) On the basis of the foregoing data, answer the following questions. (1) What was the balance in Work...
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...
A job order cost sheet for Ryan Company is shown below. Job No. 92 Direct Labor Direct Materials 5,200 7,000 For 2,000 Units Manufacturing Overhead 4,900 7,000 Date Beg. bal. Jan. 1 8 12 25 27 10,000 8,000 2,900 5,000 4,000 16,900 15,100 22,000 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost ($54,000 = 2,000) $15,100 22,000 16,900 $54,000 $27.00 (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 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 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...
Exercise 2-3 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 6,700 7,000 4,900 7,000 10,000 7,500 2,800 4,000 21,000 3,000 15,400 16,500 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost ($52,900 + 2,000) $16,500 21,000 15,400 $52,900 $26.45 (a) On the basis of the foregoing data, answer the following questions. (1) What was...
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 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 Materials Labor Direct Manufacturing 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 Manufacturing overhead 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...
Current Attempt in Progress A job order cost sheet for Ryan Company is shown below. Job No. 92 Direct Materials 6,300 7,000 Direct Labor 7,000 For 2,000 Units Manufacturing Overhead 4,900 Date Beg. bal. Jan. 1 8 12 25 27 9,000 7,200 3,000 4,000 20,000 3,200 15,300 16,300 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost ($51,600 + 2,000) $16,300 20,000 15,300 $51,600 $25.80 (a) On the basis of the foregoing data, answer the...