Question

2) A company began operations on the first of the month. During the month, two jobs were started. The following costs were in
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Solution

Requirement a $        23,525
Requirement b $        16,150

Working

Job A Job B
Direct material $          2,500 $          5,000
Direct labor $          7,000 $          9,500
Overhead applied $          6,650 $          9,025
Total cost $        16,150 $        23,525
Add a comment
Know the answer?
Add Answer to:
2) A company began operations on the first of the month. During the month, two jobs...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Collegiate Publishing Inc. began printing operations on March 1. Jobs 301 and 302 were completed during...

    Collegiate Publishing Inc. began printing operations on March 1. Jobs 301 and 302 were completed during the month, and all costs applicable to them were recorded on the related cost sheets. Jobs 303 and 304 are still in process at the end of the month, and all applicable costs except factory overhead have been recorded on the related cost sheets. In addition to the materials and labor charged directly to the jobs, $1,200 of indirect materials and $14,500 of indirect...

  • Old School Publishing Inc. began printing operations on January 1. Jobs 301 and 302 were completed during the month, and...

    Old School Publishing Inc. began printing operations on January 1. Jobs 301 and 302 were completed during the month, and all costs applicable to them were recorded on the related cost sheets. Jobs 303 and 304 are still in process at the end of the month, and all applicable costs except factory overhead have been recorded on the related cost sheets. In addition to the materials and labor charged directly to the jobs, $7,000 of indirect materials and $11,200 of...

  • 4.. Dina Corp. uses a job order cost accounting system. Four jobs were started during the...

    4.. Dina Corp. uses a job order cost accounting system. Four jobs were started during the current year. The following is a record of the costs incurred: Job # 1010 1011 1012 1013 Material Direct Labor Direct Labor Used Used Hours Used $45,000 $72,000 8,000 59,000 77,000 7,000 35,000 30,000 3,000 26,000 40,000 5,000 Actual overhead costs were $55,800. The predetermined overhead allocation rate is $2.40 per direct labor hour. During the year, Jobs 1010, 1012, and 1013 were completed....

  • A different manufacturing company began 2 new jobs during July. At the beginning of July, Job...

    A different manufacturing company began 2 new jobs during July. At the beginning of July, Job 227 was the only job in work in process inventory. There was no finished goods inventory. The cost of beginning work in process inventory for Job 227 consists of $1,500 in direct material cost, $2,000 in direct labor cost, and manufacturing overhead costs of $4,500. Total manufacturing overhead for the month was $16,054. The following information is available for costs added during the month...

  • Determining Manufacturing Costs Wagner Printing Inc. began printing operations on July 1. Jobs 7-01 and 7-02...

    Determining Manufacturing Costs Wagner Printing Inc. began printing operations on July 1. Jobs 7-01 and 7-02 were completed during the month, and all costs applicable to them were recorded on the related cost sheets. Jobs 7-03 and 7-04 are still in process at the end of the month, and all applicable costs except factory overhead have been recorded on the related cost sheets. In addition to the materials and labor charged directly to the jobs, $1,200 of indirect materials and...

  • -73,750 I ana Jobs completed Obj. 2 Old School Publishing Inc. began printing operations on January...

    -73,750 I ana Jobs completed Obj. 2 Old School Publishing Inc. began printing operations on January 1. Jobs 301 and 302 were completed during the month, and all costs applicable to them were recorded on the related cost sheets. Jobs 303 and 304 are still in process at the end of the month, and all applicable costs except factory overhead have been recorded on the related cost sheets. In addition to the materials and labor charged directly to the jobs,...

  • Old School Publishing Inc. began printing operations on January 1. Jobs 301 and 302 were completed...

    Old School Publishing Inc. began printing operations on January 1. Jobs 301 and 302 were completed during the month, and all costs applicable to them were recorded on the related costs sheets. Jobs 303 and 394 are still in process at the end if the month, and all applicable costs except factory overhead have been recorded on the related cost sheets. In addition to the materials and labor charged directly to the jobs, $7,000 of indirect materials and $11,2000 of...

  • For Box Inc.'s first month of operations, materials and labor costs charged to the three jobs...

    For Box Inc.'s first month of operations, materials and labor costs charged to the three jobs worked on in February were: Job No.101 Job No.102 Job No. 103 Direct materials 3000 4500 1800 Direct labor at $8 per hour 3200 2400 2000 Overhead is applied at the rate of $6 per direct labor-hour. Job no. 101 and 102 were completed, Job No. 101 was sold, Job No.103 remained incomplete at the end of the month. Box Inc. incurred these cost...

  • Practice Quiz Job Order Costing The information below is for ABC Co.'s first month of operations....

    Practice Quiz Job Order Costing The information below is for ABC Co.'s first month of operations. The following jobs were begun during the month: Number of Direct Job # Products Materials Labor Labor Hours 100 $ 1,200 $ 1.100 $ 1,500 $ 1,500 $ 1,100 $ 900 103 $ 800 $ 1,000 Indirect $ 500 $ 700 Additional Information: 1. Jobs #100, W101 and 102 were completed during the month; Job 103 remained unfinished at the EOM 2. Other factory...

  • Entries for Factory Costs and Jobs Completed Collegiate Publishing Inc. began printing operations on March 1....

    Entries for Factory Costs and Jobs Completed Collegiate Publishing Inc. began printing operations on March 1. Jobs 301 and 302 were completed during the month, and all costs applicable to them were recorded on the related cost sheets. Jobs 303 and 304 are still in process at the end of the month, and all applicable costs except factory overhead have been recorded on the related cost sheets. In addition to the materials and labor charged directly to the jobs, $4,500...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT