Homework Answers
Job cost sheet is a complete sheet, which is prepared by the factory accountant for every job started in the factory. It is a primary document for accumulating all costs related to a particular job. In a job order costing system, we maintain a job cost sheet for each job. It tells about the total cost of a particular job. Each job sheet breaks the costs down in terms of direct materials, direct labor, and manufacturing overhead assigned to individual jobs. Following information normally appears in a particular job cost sheet.
so here accordingly the answer is direct material chargeble to specific job
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Question 1 (4 points) Which one of the following appears on the job cost sheet? The...
QUESTION 7 Which one of the following best describes a job cost sheet? It is a form used to record the costs charge...
QUESTION 7 Which one of the following best describes a job cost sheet? It is a form used to record the costs chargeable to a specific job and to determine the total and unit costs of the completed job It is used to track manufacturing overhead costs to specific jobs. It is used by management to understand how direct costs affect profitability It is a daily form that management uses for tracking worker productivity on which employee raises are based...
Question 5 Bertrand Manufacturing uses a job-order cost system and applies overhead to production on the...
Question 5 Bertrand Manufacturing uses a job-order cost system and applies overhead to production on the basis of direct labour costs. On January 1, 2020, Job No. 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $30,000, direct labour $15,200, and manufacturing overhead $20,200. As of January 1, Job No. 49 had been completed at a cost of $120,200 and was part of finished goods inventory. There...
Coronado Company uses a job order cost system and applies overhead to production on the basis...
Coronado Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $ 24,000, direct labor $ 14,400, and manufacturing overhead $ 19,200. As of January 1, Job 49 had been completed at a cost of $ 108,000 and was part of finished goods inventory....
QUESTION 39 Which of the following is true in a job-order costing system? Cost of goods...
QUESTION 39 Which of the following is true in a job-order costing system? Cost of goods sold will include the costs of all jobs that have been completed during the accounting period. Work in Process Inventory will include the cost of all jobs that are currently completed and ready to deliver to customers. Finished Goods Inventory will include the cost of all jobs that are completed but not yet shipped and sold. Raw Materials Inventory will include the cost of...
Sunland Company uses a job order cost system and applies overhead to production on the basis...
Sunland Company uses a job order cost system and applies
overhead to production on the basis of direct labor costs. On
January 1, 2020, Job 50 was the only job in process. The costs
incurred prior to January 1 on this job were as follows: direct
materials $23,800, direct labor $14,280, and manufacturing overhead
$19,040. As of January 1, Job 49 had been completed at a cost of
$107,100 and was part of finished goods inventory. There was a
$17,850...
Concord Company uses a job order cost system and applies overhead to production on the basis...
Concord Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $ 23,400, direct labor $ 14,040, and manufacturing overhead $ 18,720. As of January 1, Job 49 had been completed at a cost of $ 105,300 and was part of finished goods inventory....
Question 1 A job cost sheet for Rolen Company is shown below. Job No. 92 Direct...
Question 1 A job cost sheet for Rolen Company is shown below. Job No. 92 Direct Materials Direct Labour For 2,000 Units Manufacturing Overhead Date Beginning Balance January 1 $5,000 $2,500 $3,920 6,000 8 12 8,500 5,950 25 2,000 27 3,900 17,400 2,730 11,180 11,920 Cost of completed job: Direct materials Direct labour Manufacturing overhead $11,920 17,400 11,180 $40,500 Total cost Unit cost ($40,500 - 2,000) $20.25 (a) Your answer is correct. On the basis of the foregoing data, answer...
A job cost sheet of Ivanhoe Company is given below. JOB NO. 469 Job Cost Sheet...
A job cost sheet of Ivanhoe Company is given below. JOB NO. 469 Job Cost Sheet Quantity White Lion Cages Date Requested Todd Company Date Completed Direct Direct Materials Labor FOR 2.500 7/2 7/31 Manufacturing Overhead Date 7/10 700 900 400 1,675 1,575 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost Your answer is partially correct. Try again. Answer the following questions. (1) What are the source documents for direct materials, direct labor, and...
Sheridan Company uses a job order cost system and applies overhead to production on the basis...
Sheridan Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. Un January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $ 23,600 direct labor $ 14.160 and manufacturing overhead $ 18,880. As of January 1, Job 49 had been completed at a cost of $ 106,200 and was part of finished goods inventory....
Bonita Company uses a job order cost system and applies overhead to production on the basis...
Bonita Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $ 21,200 direct labor $ 12,720, and manufacturing overhead $ 16,960. As of January 1, Job 49 had been completed at a cost of $ 95,400 and was part of finished goods inventory....
QUESTION 7 Which one of the following best describes a job cost sheet? It is a form used to record the costs chargeable to a specific job and to determine the total and unit costs of the completed job It is used to track manufacturing overhead costs to specific jobs. It is used by management to understand how direct costs affect profitability It is a daily form that management uses for tracking worker productivity on which employee raises are based...
Question 5 Bertrand Manufacturing uses a job-order cost system and applies overhead to production on the basis of direct labour costs. On January 1, 2020, Job No. 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $30,000, direct labour $15,200, and manufacturing overhead $20,200. As of January 1, Job No. 49 had been completed at a cost of $120,200 and was part of finished goods inventory. There...
Coronado Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $ 24,000, direct labor $ 14,400, and manufacturing overhead $ 19,200. As of January 1, Job 49 had been completed at a cost of $ 108,000 and was part of finished goods inventory....
QUESTION 39 Which of the following is true in a job-order costing system? Cost of goods sold will include the costs of all jobs that have been completed during the accounting period. Work in Process Inventory will include the cost of all jobs that are currently completed and ready to deliver to customers. Finished Goods Inventory will include the cost of all jobs that are completed but not yet shipped and sold. Raw Materials Inventory will include the cost of...
Sunland Company uses a job order cost system and applies
overhead to production on the basis of direct labor costs. On
January 1, 2020, Job 50 was the only job in process. The costs
incurred prior to January 1 on this job were as follows: direct
materials $23,800, direct labor $14,280, and manufacturing overhead
$19,040. As of January 1, Job 49 had been completed at a cost of
$107,100 and was part of finished goods inventory. There was a
$17,850...
Concord Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $ 23,400, direct labor $ 14,040, and manufacturing overhead $ 18,720. As of January 1, Job 49 had been completed at a cost of $ 105,300 and was part of finished goods inventory....
Question 1 A job cost sheet for Rolen Company is shown below. Job No. 92 Direct Materials Direct Labour For 2,000 Units Manufacturing Overhead Date Beginning Balance January 1 $5,000 $2,500 $3,920 6,000 8 12 8,500 5,950 25 2,000 27 3,900 17,400 2,730 11,180 11,920 Cost of completed job: Direct materials Direct labour Manufacturing overhead $11,920 17,400 11,180 $40,500 Total cost Unit cost ($40,500 - 2,000) $20.25 (a) Your answer is correct. On the basis of the foregoing data, answer...
A job cost sheet of Ivanhoe Company is given below. JOB NO. 469 Job Cost Sheet Quantity White Lion Cages Date Requested Todd Company Date Completed Direct Direct Materials Labor FOR 2.500 7/2 7/31 Manufacturing Overhead Date 7/10 700 900 400 1,675 1,575 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost Your answer is partially correct. Try again. Answer the following questions. (1) What are the source documents for direct materials, direct labor, and...
Sheridan Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. Un January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $ 23,600 direct labor $ 14.160 and manufacturing overhead $ 18,880. As of January 1, Job 49 had been completed at a cost of $ 106,200 and was part of finished goods inventory....
Bonita Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $ 21,200 direct labor $ 12,720, and manufacturing overhead $ 16,960. As of January 1, Job 49 had been completed at a cost of $ 95,400 and was part of finished goods inventory....
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