Homework Answers
Answer:
| Amount($) | |
| Direct Material | 600 |
| Direct Labor | 200 |
| Overhead Cost(150%*600) | 900 |
| Total Cost | 1,700 |
| Cost Per skateboard | 17 |
| ($1700/100) | |
| Cost per skateboard = Total Cost / Number of skateboard per job | |
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CIL 15 1 QS 15-15 Job cost sheet LO C2 EcoSkate makes skateboards from recycled plastic...
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 Help Save & Exit Submit Check my work EcoSkate makes skateboards from recycled plastic. For a recent job lot of 125 skateboards, the company incurred direct materials costs of $1,150 and direct labor costs of $250. Overhead is applied using a rate of 150% of direct materials costs. 4.48 points Required: a. What is the total manufacturing cost of this...
Exercise 15-2 Job cost computation LO C2 The following information is from the materials requisitions and...
Exercise 15-2 Job cost computation LO C2 The following information is from the materials requisitions and time tickets for Job 9-1005 completed by Great Bay Boats. The requisitions are identified by code numbers starting with the letter Q, and the time tickets start with W. At the start of the year, management estimated that overhead cost would equal 110% of direct labor cost for each job. Date 7/ 1 7/1 7/ 5 7/ 5 7/10 Document Amount -4698 $2,000 W-3393...
Exercise 15-2 Job cost computation LO C2 The following information is from the materials requisitions and...
Exercise 15-2 Job cost computation LO C2 The following information is from the materials requisitions and time tickets for Job 9-1005 completed by Great Bay Boats. The requisitions are identified by code numbers starting with the letter Q, and the time tickets start with W. At the start of the year, management estimated that overhead cost would equal 110% of direct labor cost for each job. Date 7/ 1 7/1 7/ 5 7/ 5 7/10 Document Amount 0 -4698 $1,900...
Exercise 15-2 Job cost computation LO C2 The following Information is from the materials requisitions and...
Exercise 15-2 Job cost computation LO C2 The following Information is from the materials requisitions and time tickets for Job 9-1005 completed by Great Bay Boats. The requisitions are identified by code numbers starting with the letter Q, and the time tickets start with W. At the start of the year, management estimated that overhead cost would equal 110% of direct labor cost for each job. Date Document Amount 7/ 1 0 -4698 $1,600 7/ 1 W -3393 950 7/...
Exercise 15-3 Analysis of cost flows LO C2 As of the end of June, the job...
Exercise 15-3 Analysis of cost flows LO C2 As of the end of June, the job cost sheets at Racing Wheels, Inc. show the following total costs accumulated on three custom jobs Direct materials Direct labor Overhead applied Job 102 $35,000 19.000 3,550 ob 103 $53,000 27.000 12,150 Job 184 $57,000 40.000 18,00 Job 102 was started in production in May and the following costs were assigned to it in May direct materials, $11.000, direct labor $3,700, and overhead, $1,665...
Exercise 15-3 Analyzing of cost flows LO C2 As of the end of June, the job...
Exercise 15-3 Analyzing of cost flows LO C2 As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs. Direct materials Direct labor Overhead applied Job 102 $32,000 18,000 8,460 Job 103 $49,000 28,700 13,489 Job 104 $47,000 41,000 19,270 Job 102 was started in production in May, and the following costs were assigned to it in May, direct materials. $12,000, direct labor, $4,000, and overhead, $1.880....
Exercise 15-3 Analysis of cost flows LO C2 As of the end of June, the job...
Exercise 15-3 Analysis of cost flows LO C2 As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs. Direct materials Direct labor Overhead applied Job 102 $42,000 17,000 8,330 Job 103 $59,000 26,000 12,740 Job 104 $51,000 38,000 18,620 Job 102 was started in production in May and the following costs were assigned to it in May: direct materials, $11,000; direct labor, $3,500; and overhead, $1,715....
Zia Co. makes flowerpots from recycled plastic in two departments, molding and packaging. At the beginning...
Zia Co. makes flowerpots from recycled plastic in two departments, molding and packaging. At the beginning of the month, the molding department has 3,000 units in inventory, 70% complete as to materials. During the month, the molding department started 23,000 units. At the end of the month, the molding department had 4,500 units in ending inventory, 80% complete as to materials. Units completed in the molding department are transferred into the packaging department. Cost information for the molding department for...
Check my work Zia Co. makes flowerpots from recycled plastic in two departments, molding and packaging....
Check my work Zia Co. makes flowerpots from recycled plastic in two departments, molding and packaging. At the beginning of the month, the molding department has 2,900 units in inventory, 70% complete as to materials. During the month, the molding department started 22,500 units. At the end of the month, the molding department had 4,350 units in ending inventory, 80% complete as to materials. Units completed in the molding department are transferred into the packaging department. Cost information for the...
Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 The...
Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 The following information applies to the questions displayed below.] Marcelino Co.'s March 31 inventory of raw materials is $85,000. Raw materials purchases in April are $560,000, and factory payroll cost in April is $385.000 Overhead costs incurred in Aprilare: indirect materials, $58,000; indirect labor, $29,000; factory rent, $30,000; factory utilities, $22,000; and factory equipment depreciation, $54,000. The predetermined overhead rate is 50% of direct labor...
I need help with the whole question with a solution and
explanation Please and Thank you.
Chapter 15 Homework i Help Save & Exit Submit Check my work EcoSkate makes skateboards from recycled plastic. For a recent job lot of 125 skateboards, the company incurred direct materials costs of $1,150 and direct labor costs of $250. Overhead is applied using a rate of 150% of direct materials costs. 4.48 points Required: a. What is the total manufacturing cost of this...
Exercise 15-2 Job cost computation LO C2 The following information is from the materials requisitions and time tickets for Job 9-1005 completed by Great Bay Boats. The requisitions are identified by code numbers starting with the letter Q, and the time tickets start with W. At the start of the year, management estimated that overhead cost would equal 110% of direct labor cost for each job. Date 7/ 1 7/1 7/ 5 7/ 5 7/10 Document Amount -4698 $2,000 W-3393...
Exercise 15-2 Job cost computation LO C2 The following information is from the materials requisitions and time tickets for Job 9-1005 completed by Great Bay Boats. The requisitions are identified by code numbers starting with the letter Q, and the time tickets start with W. At the start of the year, management estimated that overhead cost would equal 110% of direct labor cost for each job. Date 7/ 1 7/1 7/ 5 7/ 5 7/10 Document Amount 0 -4698 $1,900...
Exercise 15-2 Job cost computation LO C2 The following Information is from the materials requisitions and time tickets for Job 9-1005 completed by Great Bay Boats. The requisitions are identified by code numbers starting with the letter Q, and the time tickets start with W. At the start of the year, management estimated that overhead cost would equal 110% of direct labor cost for each job. Date Document Amount 7/ 1 0 -4698 $1,600 7/ 1 W -3393 950 7/...
Exercise 15-3 Analysis of cost flows LO C2 As of the end of June, the job cost sheets at Racing Wheels, Inc. show the following total costs accumulated on three custom jobs Direct materials Direct labor Overhead applied Job 102 $35,000 19.000 3,550 ob 103 $53,000 27.000 12,150 Job 184 $57,000 40.000 18,00 Job 102 was started in production in May and the following costs were assigned to it in May direct materials, $11.000, direct labor $3,700, and overhead, $1,665...
Exercise 15-3 Analyzing of cost flows LO C2 As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs. Direct materials Direct labor Overhead applied Job 102 $32,000 18,000 8,460 Job 103 $49,000 28,700 13,489 Job 104 $47,000 41,000 19,270 Job 102 was started in production in May, and the following costs were assigned to it in May, direct materials. $12,000, direct labor, $4,000, and overhead, $1.880....
Exercise 15-3 Analysis of cost flows LO C2 As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs. Direct materials Direct labor Overhead applied Job 102 $42,000 17,000 8,330 Job 103 $59,000 26,000 12,740 Job 104 $51,000 38,000 18,620 Job 102 was started in production in May and the following costs were assigned to it in May: direct materials, $11,000; direct labor, $3,500; and overhead, $1,715....
Check my work Zia Co. makes flowerpots from recycled plastic in two departments, molding and packaging. At the beginning of the month, the molding department has 2,900 units in inventory, 70% complete as to materials. During the month, the molding department started 22,500 units. At the end of the month, the molding department had 4,350 units in ending inventory, 80% complete as to materials. Units completed in the molding department are transferred into the packaging department. Cost information for the...
Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 The following information applies to the questions displayed below.] Marcelino Co.'s March 31 inventory of raw materials is $85,000. Raw materials purchases in April are $560,000, and factory payroll cost in April is $385.000 Overhead costs incurred in Aprilare: indirect materials, $58,000; indirect labor, $29,000; factory rent, $30,000; factory utilities, $22,000; and factory equipment depreciation, $54,000. The predetermined overhead rate is 50% of direct labor...
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