Homework Answers
| WN | |||||||||
| Direct Labor Cost | Job Costing all the costs are accumulated at one place | ||||||||
| Research Associates | 112 | Date | Particulars | Amount | |||||
| Compensation for research associates | $35 Per hr | 5-Apr | Direct Material -Medical Supplies | $490 | |||||
| Total Cost to research associates | $3,920 | 7-Apr | Direct Material-various chemicals | $1,475 | |||||
| Total Direct Material-a | $1,965 | ||||||||
| Research Assistants | 210 | Apr 5-12 | Direct labor-Research Associates | $3,920 | |||||
| Compensation for research assistants | $12 | Apr 7-12 | Direct labor-Research Assistants | $2,520 | |||||
| Total Cost for research assistants | $2,520 | Total Direct Labor-B | $6,440 | ||||||
| Total OH-C | $3,864 | ||||||||
| Total Direct Labor Cost | 3920+2520 | Total Cost -A+B+C | $12,269 | ||||||
| $6,440 | |||||||||
| Calculation of OH | |||||||||
| Overhead is 60% of DLC | |||||||||
| Total Direct Labor Cost | $6400*60% | ||||||||
| $3,864 | |||||||||
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Question 13
Question Help * E14-23 (similar to) Easteen State University uses job-cost records for various...
I need help finding the assigned overhead. Waterway Company uses a job order cost system and...
I need help finding the assigned overhead.
Waterway 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 $25.000, direct labor $15.000, and manufacturing overhead $20.000. As of January 1, Job 49 had been completed at a cost of $112.500 and was part of finished...
E4-23 (similar to) Question Help Attleboro Construction assembles residential houses. It uses a job-costing system with...
E4-23 (similar to) Question Help Attleboro Construction assembles residential houses. It uses a job-costing system with two direct-cost categories (direct materials and direct labor) and one indirect-cost pool (assembly support). Direct labor-hours is the allocation base for assembly support costs. In December 2016, Attleboro budgets 2017 assembly-support costs to be $8,600,000 and 2017 direct labor-hours to be 215,000. At the end of 2017, Attleboro is comparing the costs of several jobs that were started and completed in 2017. (Click the...
Question 13 points) Data for the next 2 questions: The Shaw Company uses a job-order cost...
Question 13 points) Data for the next 2 questions: The Shaw Company uses a job-order cost system. Factory overhead is applied to jobs at the rate of 140% of direct labor cost. Jobs 475, 477, and 478 were completed during April and transferred to finished goods. Jobs 475 and 478 have been delivered to the customer. The following data were recorded for April: 100 Added During April Direct Direct Number Materials Labor $ 500 S 800 476 $ 700 $1,000...
THIS QUESTION HAS MULTIPLE STEPS. 1) Pedriani Company uses a job order cost system and applies...
THIS QUESTION HAS MULTIPLE STEPS.
1) Pedriani Company uses a job order cost system and applies
overhead on the basis of direct labor hours. On Jan01, 2017, Job
No. 25 was the only job in process. Costs incurred prior to Jan01
on this job were as follows: direct materials $10,000; direct labor
$6,000; and manufacturing overhead $9,000. Job No. 23 had been
completed at a cost of $42,000 and was part of finished goods
inventory. There was a $5,000 balance...
I need help! The red ones are incorrect. Lott Company uses a job order cost system...
I need help! The red ones are incorrect.
Lott Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2017, Job No. 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $23,200, direct labor $13,920, and manufacturing overhead $18,560. As of January 1, Job No. 49 had been completed at a cost of $104,400 and...
Coronado Printing Corp. uses a job order cost system. The following data summarize the operations related...
Coronado Printing Corp. uses a job order cost system. The
following data summarize the operations related to the first
quarter’s production. 1. Materials purchased on account $197,100,
and factory wages incurred $93,300. 2. Materials requisitioned and
factory labor used by job: Job Number Materials Factory Labor A20
$37,840 $19,000 A21 44,620 23,700 A22 36,700 15,700 A23 40,370
26,500 General factory use 5,270 8,400 $164,800 $93,300 3.
Manufacturing overhead costs incurred on account $52,200. 4.
Depreciation on factory equipment $16,750. 5....
Please help me with question # 2 Job Cost Flows, Journal Entries On April 1, Sangvikar...
Please help me with question # 2
Job Cost Flows, Journal Entries On April 1, Sangvikar Company had the following balances in its inventory accounts: Materials Inventory $12,760 Work-in-Process Inventory 21,350 Finished Goods Inventory 8,600 Work-in-process inventory is made up of three jobs with the following costs: Job 114 Job 115 Job 116 Direct materials $2,804 $2,640 $3,650 Direct labor 1,800 1,560 4,300 Applied overhead 1,080 936 2,580 During April, Sangvikar experienced the transactions listed below. a. Materials purchased on...
only need the ones highlighted and job cost. please help. Wonderama Playgrounds, Inc. manufactures playground equipment...
only need the ones highlighted and job cost. please
help.
Wonderama Playgrounds, Inc. manufactures playground equipment for parks and schools. Their business year is the calendar year and they use a job-order cost system for inventory and sales. Wonderama Playgrounds, Inc. manufactures all products in a single production department. An individual job-order cost sheet is maintained for each job. The job-order cost sheet contains accumulated costs for each job, including actual direct materials, actual direct labor, and applied factory overhead....
Finn Manufacturing Company uses a job order cost accounting system and keeps perpetual inventory records. Prepare...
Finn Manufacturing Company uses a job order cost accounting system and keeps perpetual inventory records. Prepare journal entries to record the following transactions during the month of June. June 1 Purchased raw materials for $20,000 on account. 8 Raw materials requisitioned by production: Direct materials $8,000 Indirect materials 1,000 15 Paid factory utilities, $2,100 and repairs for factory equipment, $8,000. 25 Incurred $108,000 of factory labor. 25 Time tickets indicated the following: Direct...
I only need help on the last two. The Film Company uses a job-order costing system....
I only need help on the last two. The Film Company uses a job-order costing system. The following information pertains to the company's activities for the month of December: On December 1, the company had two jobs in work in process as follows: Job 6 $20,000 and Job 8 $14,000 On December 1, the company had job in Finished Goods as follows: Job 10 $50,000 Jobs 12 and 13 were started during the month. A. Materials were purchased on account...
I need help finding the assigned overhead.
Waterway 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 $25.000, direct labor $15.000, and manufacturing overhead $20.000. As of January 1, Job 49 had been completed at a cost of $112.500 and was part of finished...
E4-23 (similar to) Question Help Attleboro Construction assembles residential houses. It uses a job-costing system with two direct-cost categories (direct materials and direct labor) and one indirect-cost pool (assembly support). Direct labor-hours is the allocation base for assembly support costs. In December 2016, Attleboro budgets 2017 assembly-support costs to be $8,600,000 and 2017 direct labor-hours to be 215,000. At the end of 2017, Attleboro is comparing the costs of several jobs that were started and completed in 2017. (Click the...
Question 13 points) Data for the next 2 questions: The Shaw Company uses a job-order cost system. Factory overhead is applied to jobs at the rate of 140% of direct labor cost. Jobs 475, 477, and 478 were completed during April and transferred to finished goods. Jobs 475 and 478 have been delivered to the customer. The following data were recorded for April: 100 Added During April Direct Direct Number Materials Labor $ 500 S 800 476 $ 700 $1,000...
THIS QUESTION HAS MULTIPLE STEPS.
1) Pedriani Company uses a job order cost system and applies
overhead on the basis of direct labor hours. On Jan01, 2017, Job
No. 25 was the only job in process. Costs incurred prior to Jan01
on this job were as follows: direct materials $10,000; direct labor
$6,000; and manufacturing overhead $9,000. Job No. 23 had been
completed at a cost of $42,000 and was part of finished goods
inventory. There was a $5,000 balance...
I need help! The red ones are incorrect.
Lott Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2017, Job No. 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $23,200, direct labor $13,920, and manufacturing overhead $18,560. As of January 1, Job No. 49 had been completed at a cost of $104,400 and...
Coronado Printing Corp. uses a job order cost system. The
following data summarize the operations related to the first
quarter’s production. 1. Materials purchased on account $197,100,
and factory wages incurred $93,300. 2. Materials requisitioned and
factory labor used by job: Job Number Materials Factory Labor A20
$37,840 $19,000 A21 44,620 23,700 A22 36,700 15,700 A23 40,370
26,500 General factory use 5,270 8,400 $164,800 $93,300 3.
Manufacturing overhead costs incurred on account $52,200. 4.
Depreciation on factory equipment $16,750. 5....
Please help me with question # 2
Job Cost Flows, Journal Entries On April 1, Sangvikar Company had the following balances in its inventory accounts: Materials Inventory $12,760 Work-in-Process Inventory 21,350 Finished Goods Inventory 8,600 Work-in-process inventory is made up of three jobs with the following costs: Job 114 Job 115 Job 116 Direct materials $2,804 $2,640 $3,650 Direct labor 1,800 1,560 4,300 Applied overhead 1,080 936 2,580 During April, Sangvikar experienced the transactions listed below. a. Materials purchased on...
only need the ones highlighted and job cost. please
help.
Wonderama Playgrounds, Inc. manufactures playground equipment for parks and schools. Their business year is the calendar year and they use a job-order cost system for inventory and sales. Wonderama Playgrounds, Inc. manufactures all products in a single production department. An individual job-order cost sheet is maintained for each job. The job-order cost sheet contains accumulated costs for each job, including actual direct materials, actual direct labor, and applied factory overhead....
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