Question

Jenkins Company uses a job order cost system with overhead applied to jobs on the basis of direct labor hours. The direct labor rate is $20 per hour, and the predetermined overhead rate is $15 per direct labor hour. The company worked on three jobs during April. Jobs A and B were in process at the beginning of April. Job A was completed and delivered to the customer. Job B was completed during April, but not sold. Job C was started during April, but not completed. The job cost sheets revealed the following costs for April:

Answer 1

1. 
   Balance in work in process Job Direct materials used & Direct labor & Applied manufacturing overhead (birect labor hours $9,000 + $ 3.000 + ( labor hours x pre- determined ove she ad rate $9,000 + $3,000 + Dive ce labor cost $15 per Rate per hour direct labor hour & 12,000 t $ 3.000 $20 per hour *( ($15 per direct labour hour 2 $ 12,000 + $ 2,250 $ 14,250 Balance in wook in process is $ 14,250) + And
   
   B) Balance in finished goods only Job B was completed during Apoil. opening direct laborde & Applied monof accusing work in _k Job B = process + Direct materialst over head $1,000 + $8,000 + $8,000 + Direct labor cost (1 Rafe P୧୪ hour $15 per direct labor hour nod $ 19,000 + ( $ 8,000 $20 x 415 ) $ 23,000 is $ 23,000 4 Ang Balance in finished goods c) Balance in cost of goods sold work in JobA opening work poocesst dire ce materialst Direct laboo + applied manufacturing oves head
   
   how Direct labor li $ 12,000+ $2,000+ $10000 + x $15 per direct labor hour 11 Rate per hour $24,000+ (1 $ 10,000 $90 $15 $ 31,500 Balance in Becost of goods is $ 31,500 & ang