Preparing a Job Order Cost Sheet Riverwood Accounting Company has the following account in its cost...
Preparing a Job Order Cost Sheet Riverwood Accounting Company has the following account in its cost records: Work in Process—Jones Audit Direct labor 20,000 Services completed 42,253 Project overhead 27,000 Riverwood applies overhead to projects at a predetermined rate based on direct labor costs. Assume that Riverwood uses a job order costing system and that Jones Audit is the only job in process at the end of the period. Complete the following cost sheet for services stil
l in process for Jones Audit. Job Order Cost Sheet Jones Audit (Services in Process) Direct labor Answer 20,000 Project overhead Answer 27,000 Total cost Answer 47,000
Homework Answers
| Job Order Cost Sheet - Jones Audit (Services in Process) | |
| Direct labor | 20000 |
| Project overhead | 27000 |
| Total cost | 47000 |
| Less: Services completed | 42253 |
| Services in Process $ | 4747 |
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Preparing a Job Order Cost Sheet Riverwood Accounting Company
has the following account in its cost...
Preparing a job Order Cost Sheet Riverwood Accounting Company has the following account in its cost...
Preparing a job Order Cost Sheet Riverwood Accounting Company has the following account in its cost records Work in Process Jones Audit Direct labor 100.000 Services completed 211265 Proceed 135.000 Riverwood applies overhead to projects at a predetermined rate based on direct labor costs. Assume of the period Complete the following cost sheet for services in process for ones Audit Job Order Cone Sheet Jones Audit Services in Process em and that ones Audit is the only job in process...
Calculate and Use Overhead Rate Selected data for the consulting department of Austin Consulting, Inc., follow:...
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Job 910 was recently completed. The following data have been recorded on its job cost sheet:...
Job 910 was recently completed. The following data have been recorded on its job cost sheet: Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data: Total direct labor-hours 85,000 Total fixed manufacturing overhead cost $ 306,000 Variable manufacturing overhead per direct labor-hour $ 6.00 Recently, Job P951 was completed with the following characteristics: Number of units...
EX 19-17 Job order cost accounting for a service company The Fly Company provides advertising services...
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A job cost sheet of Ivanhoe Company is given below. JOB NO. 469 Job Cost Sheet...
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Job 243 was recently completed. The following data have been recorded on its job cost sheet:...
Job 243 was recently completed. The following data have been recorded on its job cost sheet: Direct materials Direct labor-hours Direct labor vage rate Machine-hours Number of units completed $50,370 420 labor-hours $ 10 per labor-hour 501 machine-hours 3,000 units 4 The company applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $14 per machine- hour. Required: Compute the unit product cost that would appear on the job cost sheet for this job. (Round your answer...
Job 243 was recently completed. The following data have been recorded on its job cost sheet...
Job 243 was recently completed. The following data have been recorded on its job cost sheet $57,870 Direct materials Direct labor-hours Direct labor wage rate Machine-hours Number of units completed 495 labor-hours 11 per labor-hour 576 machine-hours 4,500 units The company applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $13 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...
Job 397 was recently completed. The following data have been recorded on its job cost sheet:...
Job 397 was recently completed. The following data have been recorded on its job cost sheet: Direct materials $ 43,000 Direct labor-hours 650 DLHs Direct labor wage rate $ 13 per DLH Number of units completed 3,500 units The company applies manufacturing overhead on the basis of direct labor-hours. The predetermined overhead rate is $10 per direct labor-hour. Required: Compute the unit product cost that would appear on the job cost sheet for this job. (Round your answer to 2...
Job 397 was recently completed. The following data have been recorded on its job cost sheet:...
Job 397 was recently completed. The following data have been recorded on its job cost sheet: Direct materials Direct labor-hours Direct labor wage rate Number of units completed $ 49,000 670 DLHS $ 12 per DLH 2,000 units The company applies manufacturing overhead on the basis of direct labor-hours. The predetermined overhead rate is $10 per direct labor-hour. Required: Compute the unit product cost that would appear on the job cost sheet for this job. (Round your answer to 2...
Job-Order Costing U-Design-It Furniture Company uses a job-order cost system. The company applies manufacturing overhead to...
Job-Order Costing U-Design-It Furniture Company uses a job-order cost system. The company applies manufacturing overhead to jobs using a predetermined overhead rate based on direct labor hours. The estimated MOH was $144,000 for the year and the estimated direct labor hours were 18,000 hours. In March, Job #175 was completed. Direct materials totaled $7,000. Total labor costs were $6,000 at $20 per hour. At the end of the year, it was determined that the company worked 17,000 direct labor hours...
Preparing a job Order Cost Sheet Riverwood Accounting Company has the following account in its cost records Work in Process Jones Audit Direct labor 100.000 Services completed 211265 Proceed 135.000 Riverwood applies overhead to projects at a predetermined rate based on direct labor costs. Assume of the period Complete the following cost sheet for services in process for ones Audit Job Order Cone Sheet Jones Audit Services in Process em and that ones Audit is the only job in process...
EX 19-17 Job order cost accounting for a service company The Fly Company provides advertising services for dlients across the nation. The Fly Company is presently working on four projects, each for a different client. The Fly Company accumulates costs for each account (client) on the basis of both direct costs and allocated indirect costs The direct costs include the charged time of professional personnel and media purchases (air time and ad space). Overhead is allocated to each project as...
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...
Job 243 was recently completed. The following data have been recorded on its job cost sheet: Direct materials Direct labor-hours Direct labor vage rate Machine-hours Number of units completed $50,370 420 labor-hours $ 10 per labor-hour 501 machine-hours 3,000 units 4 The company applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $14 per machine- hour. Required: Compute the unit product cost that would appear on the job cost sheet for this job. (Round your answer...
Job 243 was recently completed. The following data have been recorded on its job cost sheet $57,870 Direct materials Direct labor-hours Direct labor wage rate Machine-hours Number of units completed 495 labor-hours 11 per labor-hour 576 machine-hours 4,500 units The company applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $13 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...
Job 397 was recently completed. The following data have been recorded on its job cost sheet: Direct materials Direct labor-hours Direct labor wage rate Number of units completed $ 49,000 670 DLHS $ 12 per DLH 2,000 units The company applies manufacturing overhead on the basis of direct labor-hours. The predetermined overhead rate is $10 per direct labor-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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