Homework Answers
| computation of total cost of product A11 | ||
| Particulars | Amount($) | |
| Direct material cost | 2139 | |
| Direct labour cost | 1008 | 42 direct labour hour * $24 per labour hour |
| Overhead Expenses | 4625 | 185 mechine houres * $25 per machine hour |
| Total cost | 7772 | |
| Joplin Corpuration | ||
| computation of total cost of syrup | ||
| Cost of syrup completed | Amount($) | |
| Material | 89100 | |
| Convertion cost | 110820 | |
| Total cost of completed | 199920 | |
| Work in process ending inventory | 79968 | |
| (40% on cost of completed) |
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The following data have been recorded for the production of Product A-11 in...
Joplin Corporation produces syrups that it sells to candy makers. On November 1, it had no...
Joplin Corporation produces syrups that it sells to candy makers. On November 1, it had no work-in-process inventory. It started production of 39,200 gallons of syrup in November and completed production of 37,000 gallons. The costs of the resources used by Joplin in November consist of the following: Materials Conversion costs (labor and overhead) $50, 358 53,700 Required: The production supervisor estimates that the ending work-in-process is 70 percent complete on November 30. Compute the cost of syrup completed and...
Joplin Corporation produces syrups that it sells to candy makers. On November 1, it had no...
Joplin Corporation produces syrups that it sells to candy makers. On November 1, it had no work-in-process inventory. It started production of 41,000 gallons of syrup in November and completed production of 38,000 gallons. The costs of the resources used by Joplin in November consist of the following: Materials Conversion costs (labor and overhead) $ 89, 100 110,820 Required: The production supervisor estimates that the ending work-in-process is 40 percent complete on November 30. Compute the cost of syrup completed...
Joplin Corporation produces syrups that it sells to candy makers. On November 1, it had no...
Joplin Corporation produces syrups that it sells to candy makers. On November 1, it had no work-in-process inventory. It started production of 46,200 gallons of syrup in November and completed production of 44,000 gallons. The costs of the resources used by Joplin in November consist of the following: Materials $ 64,604 Conversion costs (labor and overhead) 53,800 Required: The production supervisor estimates that the ending work-in-process is 70 percent complete on November 30. Compute the cost of syrup completed and...
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Job 231 was recently completed. The following data have been recorded on its job cost sheet: Direct materials Direct labor-hours Direct labor wage rate Machine-hours Number of units completed $ 46,000 630 labor-hours $ 14 per labor-hour 340 machine-hours 2,500 units The company applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $10 per machine-hour. Required: Compute the unit product cost that would appear on the job cost sheet for this job. (Round your answer to...
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Job 243 was recently completed. The following data have been recorded on its job cost sheet: Direct materials Direct labor-hours Direct labor wage rate Machine-hours Number of units completed $50,870 425 labor-hours $ 13 per labor-hour 506 machine-hours 3,100 units The company applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $11 per machine-hour. Required: Compute the unit product cost that would appear on the job cost sheet for this job. (Round your answer to 2...
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Joplin Corporation produces syrups that it sells to candy makers. On November 1, it had no work-in-process inventory. It started production of 39,200 gallons of syrup in November and completed production of 37,000 gallons. The costs of the resources used by Joplin in November consist of the following: Materials Conversion costs (labor and overhead) $50, 358 53,700 Required: The production supervisor estimates that the ending work-in-process is 70 percent complete on November 30. Compute the cost of syrup completed and...
Joplin Corporation produces syrups that it sells to candy makers. On November 1, it had no work-in-process inventory. It started production of 41,000 gallons of syrup in November and completed production of 38,000 gallons. The costs of the resources used by Joplin in November consist of the following: Materials Conversion costs (labor and overhead) $ 89, 100 110,820 Required: The production supervisor estimates that the ending work-in-process is 40 percent complete on November 30. Compute the cost of syrup completed...
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