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The records at Smith and Jones, Inc. show that Job 110 is charged with $13.000 of...
When Job 117 was completed, direct materials totaled $42,754; direct labor, $54,414; and factory overhead, $32,390....
When Job 117 was completed, direct materials totaled $42,754; direct labor, $54,414; and factory overhead, $32,390. A total of 3,926 units were produced at a per-unit cost of On: 533 Ob 53,926 Oc. $129,558 Od 597,166 Smith Company reports the following information: $68,250 Cost of goods manufactured Direct materials used Direct labor incurred Work in process inventory, January 1 27,000 25,000 11,000 Factory overhead is 75% of the cost of direct labor. Work in process inventory on December 31 is...
Iglesias, Inc. completed Job 12 on November 30. The details of Job 12 are given below....
Iglesias, Inc. completed Job 12 on November 30. The details of Job 12 are given below. Direct labor cost Direct materials cost Machine hours Direct labor hours Predetermined overhead allocation rate $900 $1,000 7 hours 23 hours $70 per machine hour What is the total cost of Job 12? O A. $1,490 OB. $1,900 OC. $1,390 OD. $2,390 Click to select your answer.
Raskin Inc. uses job-order costing. In September, the company charged the following costs to jobs: direct...
Raskin Inc. uses job-order costing. In September, the company charged the following costs to jobs: direct materials, $25,000; direct labor, $56,000; and manufacturing overhead cost applied, $54,000. The beginning work in process inventory was $24,000 and the ending work in process inventory was $23,000. Required: Determine the cost of goods manufactured for September.
London Ceramics makes custom ceramic tiles. During March, the company started and finished Job #266. Job...
London Ceramics makes custom ceramic tiles. During March, the company started and finished Job #266. Job #266 consists of 2,800 tiles, each tile sells for $16. The company's records show the following direct materials were requisitioned for Job #266. Basic terra cotta tiles: 2,800 units at $10 per unit Specialty paint: 5 quarts at $14 per quart High gloss glaze: 4 quarts at $22 per quart Labor time records show the following employees worked on Job #266: Alice Cooper: 28...
2. Smith Company employs a Job Order Costing system and keeps perpetual inventory records. The following...
2. Smith Company employs a Job Order Costing system and keeps perpetual inventory records. The following transactions occurred in the first month of operations: (February) (Hint: read the entire problem including what you are requested to answer.... may save you some time...not all information will be used) a) DM requisitioned during the month: Job 101 $ 40,000 Job 102 $ 15,000 Job 103 $ 23,000 Job 104 $ 8,000 b) Direct Labor Incurred and charged to jobs during the month...
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the...
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs. Job 102 Job 103 Job 104 Direct materials $ 43,000 $ 65,000 $ 52,000 Direct labor 17,000 29,600 46,000 Overhead applied 7,480 13,024 20,240 Job 102 was started in production in May and the following costs were assigned to it in May: direct materials, $11,000; direct labor, $3,900; and overhead, $1,716. Jobs 103 and 104 were...
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the...
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs. JOD 102 922,000 Diegt materials Direct labor Overhead applied JOB 103 $71,000 27.300 10.920 JOD 104 $55,000 41.000 16.400 Job 102 was started in production in May and the following costs were assigned to it in May: direct materials, $11.000; direct labor, $3,900; and overhead, $1,560. Jobs 103 and 104 were started in June. Overhead cost...
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the...
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs. Job 102 $16,000 20,000 9,200 Job 103 Job 104 Direct materials $56,000 $60,000 44,000 20,240 Direct labor 30,000 Overhead applied 13,800 Job 102 was started in production in May, and the following costs were assigned to it in May: direct materials, $11,000; direct labor, $3,900; and overhead, $1,794. Jobs 103 and 104 were started in June....
Seved As of the end of June, the job cost sheets at Racing Wheels, Inc., show...
Seved 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 $26,000 11,000 3,850 Job 103 $51,000 26,300 9, 205 Job 104 $53,000 44,000 15,400 Job 102 was started in production in May, and the following costs were assigned to it in May: direct materials, $15,000; direct labor, $3,300; and overhead, $1,155. Jobs 103 and 104 were started...
how do i calculate? As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs a...
how do i calculate?
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs. Job 102 $40,000 12,000 4,800 Job 103 Job 104 Direct materials $50,000 $46,000 Direct labor 46,000 18,400 26,200 Overhead applied 10,480 Job 102 was started in production in May, and the following costs were assigned to it in May: direct materials, $11,000; direct labor, $4,000; and overhead, $1,600. Jobs 103 and 104...
When Job 117 was completed, direct materials totaled $42,754; direct labor, $54,414; and factory overhead, $32,390. A total of 3,926 units were produced at a per-unit cost of On: 533 Ob 53,926 Oc. $129,558 Od 597,166 Smith Company reports the following information: $68,250 Cost of goods manufactured Direct materials used Direct labor incurred Work in process inventory, January 1 27,000 25,000 11,000 Factory overhead is 75% of the cost of direct labor. Work in process inventory on December 31 is...
Iglesias, Inc. completed Job 12 on November 30. The details of Job 12 are given below. Direct labor cost Direct materials cost Machine hours Direct labor hours Predetermined overhead allocation rate $900 $1,000 7 hours 23 hours $70 per machine hour What is the total cost of Job 12? O A. $1,490 OB. $1,900 OC. $1,390 OD. $2,390 Click to select your answer.
London Ceramics makes custom ceramic tiles. During March, the company started and finished Job #266. Job #266 consists of 2,800 tiles, each tile sells for $16. The company's records show the following direct materials were requisitioned for Job #266. Basic terra cotta tiles: 2,800 units at $10 per unit Specialty paint: 5 quarts at $14 per quart High gloss glaze: 4 quarts at $22 per quart Labor time records show the following employees worked on Job #266: Alice Cooper: 28...
2. Smith Company employs a Job Order Costing system and keeps perpetual inventory records. The following transactions occurred in the first month of operations: (February) (Hint: read the entire problem including what you are requested to answer.... may save you some time...not all information will be used) a) DM requisitioned during the month: Job 101 $ 40,000 Job 102 $ 15,000 Job 103 $ 23,000 Job 104 $ 8,000 b) Direct Labor Incurred and charged to jobs during the month...
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs. JOD 102 922,000 Diegt materials Direct labor Overhead applied JOB 103 $71,000 27.300 10.920 JOD 104 $55,000 41.000 16.400 Job 102 was started in production in May and the following costs were assigned to it in May: direct materials, $11.000; direct labor, $3,900; and overhead, $1,560. Jobs 103 and 104 were started in June. Overhead cost...
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs. Job 102 $16,000 20,000 9,200 Job 103 Job 104 Direct materials $56,000 $60,000 44,000 20,240 Direct labor 30,000 Overhead applied 13,800 Job 102 was started in production in May, and the following costs were assigned to it in May: direct materials, $11,000; direct labor, $3,900; and overhead, $1,794. Jobs 103 and 104 were started in June....
Seved 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 $26,000 11,000 3,850 Job 103 $51,000 26,300 9, 205 Job 104 $53,000 44,000 15,400 Job 102 was started in production in May, and the following costs were assigned to it in May: direct materials, $15,000; direct labor, $3,300; and overhead, $1,155. Jobs 103 and 104 were started...
how do i calculate?
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs. Job 102 $40,000 12,000 4,800 Job 103 Job 104 Direct materials $50,000 $46,000 Direct labor 46,000 18,400 26,200 Overhead applied 10,480 Job 102 was started in production in May, and the following costs were assigned to it in May: direct materials, $11,000; direct labor, $4,000; and overhead, $1,600. Jobs 103 and 104...
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