Homework Answers
Answer :
(2)
| Work in process | Finished goods | |
| Job # | 122 | 121 |
| Direct materials | $ 3100 | $ 9000 |
| Direct Labor | $ 3100 | $ 4900 |
| Overhead | $ 2480 | $ 3920 |
| Total Cost | $ 8680 | $ 17820 |
Working note -1
Overhead applied on Wip
= $ 3100*80 % = $ 2480
Overhead applied on Finished goods
= $ 4900 * 80 % = $ 3920
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just need part 2 thanks!
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11 Custom Cabinetry has one job in process (Job 120) as of June 30, at that time, its job cost sheet reports direct materials of $7,500. direct labor of $4,300, and applied overhead of $3,655. Custom Cabinetry applies overhead at the rate of 85% of direct labor cost. During July. Job 120 is sold (on account) for $31.000, Job 121 is started and completed, and Job 122 is started and still in process at the end of the month. Custom...
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Custom Cabinetry has one job in process (Job 120) as of June 30, at that time, its job cost sheet reports direct materials of $7,700, direct labor of $3,400, and applied overhead of $2,720. Custom Cabinetry applies overhead at the rate of 80% of direct labor cost. During July, Job 120 is sold (on account) for $26,500, Job 121 is started and completed, and Job 122 is started and still in process at the end of the month. Custom Cabinetry...
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Custom Cabinetry has one job in process (Job 120) as of June 30; at that time,...
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#11
Custom Cabinetry has one job in process (Job 120) as of June 30: at that time, its job cost sheet reports direct materials of $8.800, direct labor of $4,400, and applied overhead of $3.740. Custom Cabinetry applies overhead at the rate of 85% of direct labor cost During July. Job 120 is sold (on account) for $26.500, Job 121 is started and completed, and Job 122 is started and still in process at the end of the month. Custom...
I need all of the journal entries and the second part.
Thanks
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Custom Cabinetry has one job in process (Job 120) as of June 30; at that time, its job cost sheet reports direct materials of $6,000, direct labor of $2,800, and applied overhead of $2,240. Custom Cabinetry applies overhead at the rate of 80% of direct labor cost. During July, Job 120 is sold (on account) for $22,000, Job 121 is started and completed, and Job 122 is started and still in process at the end of the month. Custom Cabinetry...
Check my work Custom Cabinetry has one job in process (Job 120) as of June 30; at that time, its job cost sheet reports direct materials of $7,900, direct labor of $2,800, and applied overhead of $2,520. Custom Cabinetry applies overhead at the rate of 90% of direct labor cost. During July, Job 120 is sold (on account) for $27,000, Job 121 is started and completed, and Job 122 is started and still in process at the end of the...
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