Question

The following information pertains to Tuner Company 11. Tumer Company completed jobs that cost $25,000 to manufacture. Record the jounal entry 12. Tuner Company sold jobs to customers on account for $56,000 that cost $19,000 to manufacture. Record the journal entries Debit Credit Accounts Date 12. Turner Company sold jobs to customers on account for $56,000 that cost $19,000 to manufacture. Record the journal entries. (Record debits first Bogin with the bounal enty to racore the sales ht stap Debit Credit Date Accounts 12. Now record the cost related to the sales. Credit Debit Accounts Date 12. continue to the next question. Choose from any list or enter any number in the input fields and then his Question: 5 pts 2 of 2 (0 complete)Y Perry Company is a consulting firm. The firm expects to have $21.300 in indirect costs during the year andbll ustomers for 3,000 16. Calculate the predetermined overhead allocation rate for Perry using estimated billable hours for the allocation base. Perry completed a consulting job for Roger Wilison and billed the oustomer for 17 hours. What was the total cost of the consulting job? 18. "Perry wants to earn a profit equal to 80% of the cost of ajob, how much should the company charge Mr. Wilson? 16. Calculate the predetermined overhead allocation rate for Perry using estimated billable hours for the allocation base Predetermined overhead alocation rate per hour 17. Perry completed a consulting job for Roger Wilson and billed the customer for 17 hours. What was the total cost of the consulting job? Perry Company Total Cost of the Wilson Job hrs. x rs x Total cost 18.Vf Perry wants to oam a profit equal to 80% of the cost of ajob, how much should the company charge Mr. wason? Add Required charge for job Choose from any list or enter any number in the input fields and then continue to the next question.

Answer 1

Solution

11.

Date	Account titles and explanation	Debit	Credit
Trans. 11	Finished Goods inventory	$25,000
	Work in process inventory		$25,000
	(To record the completed jobs)

12.

Date	Account titles and explanation	Debit	Credit
Trans. 12	Account receivable	$56,000
	Sales revenue		$56,000
	(To record credit sales)
Trans. 12	Cost of good sold	$19,000
	Finished goods inventory		$19,000
	(To record the cost of goods sold)

Please, Post the other question separately