I don't understand how to solve this, any help would be
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Homework Answers
| Beginning work in process | 5400 |
| Materials | 7800 |
| Direct labour costs | 2800 |
| Manufacturing overhead applied | 800 |
| Total cost of work in process | 16800 |
| Less: Ending work in process | -2800 |
| Cost of goods manufactured | 14000 |
| Cost of goods manufactured | 14000 |
| Divide by Units | 20 |
| Cost per machine | 700 |
| Option B $700 is correct |
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I don't understand how to solve this, any help would be appreciated! Sunland Inc. uses job-order costing for its brand n...
View Policies Current Attempt in Progress Sunland Company uses job order costing for its brand new...
View Policies Current Attempt in Progress Sunland Company uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2019 totaled $16000 of materials, $11000 of direct labor costs, and $7000 of manufacturing overhead applied. The company ships all goods as soon as they are completed which results in no finished goods inventory on hand at the end of any year. Beginning work in process totaled $11000, and the ending balance is $8000....
Madison Inc. uses job order costing for its brand new line of sewing machines. The cost...
Madison Inc. uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2019 totaled $18,000 of materials, $9,000 of direct labor costs, and $6,000 of manufacturing overhead applied. The company ships all goods as soon as they are completed which results in no finished goods inventory on hand at the end of any year. Beginning work in process totaled $15,000, and the ending balance is $9,000. During the year, the company completed...
How much is the cost per machine? Concord Corporation uses job order costing for its brand...
How much is the cost per machine?
Concord Corporation uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2019 totaled $11000 of materials, $7000 of direct labor costs, and $4000 of manufacturing overhead applied. The company ships all goods as soon as they are completed which results in no finished goods inventory on hand at the end of any year. Beginning work in process totaled $8000, and the ending balance is...
Question 21 (4 points) Sparky Inc. uses job order costing for its brand new line of...
Question 21 (4 points) Sparky Inc. uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2012 totaled $18,000 of materials, $9,000 of direct labor costs, and $6,000 of manufacturing overhead applied. The company ships all goods as soon as they are completed which results in no finished goods inventory on hand at the end of any year. Beginning work in process totaled $15,000, and the ending balance is $9,000. During the...
Waterway Industries uses job order costing for its brand new line of sewing machines. The cost...
Waterway Industries uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2010 totaled $13000 of materials $9000 of direct labor costs, and $6000 of manufacturing overhead applied. The company ships all goods as soon as they are completed which results in no finished goods inventory on hand at the end of any year. Beginning work in process totaled $10000, and the ending balance is $7000. During the year, the company completed...
Current Attempt in Progress Crane Company uses job order costing for its brand new line of...
Current Attempt in Progress Crane Company uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2017 totaled $8000 of materials, $4000 of direct labor costs, and $1000 of manufacturing overhead applied. The company ships all goods as soon as they are completed which results in no finished goods inventory on hand at the end of any year. Beginning work in process totaled $5000, and the ending balance is $4000. During the...
Question 3 Sunland, Inc. manufactures ergonomically designed computer furniture. Sunland uses a job order costing system....
Question 3 Sunland, Inc. manufactures ergonomically designed computer furniture. Sunland uses a job order costing system. On November 30, the Work in Process Inventory consisted of the following jobs: Job No. Item Units Accumulated Cost CC723 Computer caddy 21,000 $930,000 CH291 Chair 15,000 439,000 PS812 Printer stand 27,000 253,000 $1,622,000 On November 30, Sunland’s Raw Materials Inventory account totaled $697,000, and its Finished Goods Inventory totaled $3,469,400. Sunland applies manufacturing overhead on the basis of machine hours. The company’s manufacturing...
Sunland, Inc. manufactures ergonomically designed computer furniture. Sunland uses a job order costing system. On November...
Sunland, Inc. manufactures ergonomically designed computer
furniture. Sunland uses a job order costing system. On November 30,
the Work in Process Inventory consisted of the following
jobs:
Job No.
Item
Units
Accumulated
Cost
CC723
Computer caddy
24,000
$900,000
CH291
Chair
15,000
435,000
PS812
Printer stand
30,000
285,000
$1,620,000
On November 30, Sunland’s Raw Materials Inventory account totaled
$680,000, and its Finished Goods Inventory totaled $3,456,400.
Sunland applies manufacturing overhead on the basis of machine
hours. The company’s manufacturing overhead budget...
Dreckman Inc, uses a job order costing system in which any underappiled or overapplied overhead is...
Dreckman Inc, uses a job order costing system in which any underappiled or overapplied overhead is closed to cost of goods sold at the end of the month. In August the company completed job M27K that consisted of 17000 units of one of the company's standard products. No other jobs were in process during the month The total manufacturing cost for job M27K according to its job cost sheet was 51118.600,hence the per unit product cost is $65.80. During the...
Abramov Inc. uses a job-order costing system in which any underapplied or overapplied overhead is closed...
Abramov Inc. uses a job-order costing system in which any underapplied or overapplied overhead is closed to cost of goods sold at the end of the month. In May the company completed job N29W that consisted of 37,625 units of one of the company's standard products. No other jobs were in process during the month. The job cost sheet for job N29W shows that the job's total cost was $1,640,450. During the month, the actual manufacturing overhead cost incurred was...
View Policies Current Attempt in Progress Sunland Company uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2019 totaled $16000 of materials, $11000 of direct labor costs, and $7000 of manufacturing overhead applied. The company ships all goods as soon as they are completed which results in no finished goods inventory on hand at the end of any year. Beginning work in process totaled $11000, and the ending balance is $8000....
How much is the cost per machine?
Concord Corporation uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2019 totaled $11000 of materials, $7000 of direct labor costs, and $4000 of manufacturing overhead applied. The company ships all goods as soon as they are completed which results in no finished goods inventory on hand at the end of any year. Beginning work in process totaled $8000, and the ending balance is...
Question 21 (4 points) Sparky Inc. uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2012 totaled $18,000 of materials, $9,000 of direct labor costs, and $6,000 of manufacturing overhead applied. The company ships all goods as soon as they are completed which results in no finished goods inventory on hand at the end of any year. Beginning work in process totaled $15,000, and the ending balance is $9,000. During the...
Waterway Industries uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2010 totaled $13000 of materials $9000 of direct labor costs, and $6000 of manufacturing overhead applied. The company ships all goods as soon as they are completed which results in no finished goods inventory on hand at the end of any year. Beginning work in process totaled $10000, and the ending balance is $7000. During the year, the company completed...
Current Attempt in Progress Crane Company uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2017 totaled $8000 of materials, $4000 of direct labor costs, and $1000 of manufacturing overhead applied. The company ships all goods as soon as they are completed which results in no finished goods inventory on hand at the end of any year. Beginning work in process totaled $5000, and the ending balance is $4000. During the...
Sunland, Inc. manufactures ergonomically designed computer
furniture. Sunland uses a job order costing system. On November 30,
the Work in Process Inventory consisted of the following
jobs:
Job No.
Item
Units
Accumulated
Cost
CC723
Computer caddy
24,000
$900,000
CH291
Chair
15,000
435,000
PS812
Printer stand
30,000
285,000
$1,620,000
On November 30, Sunland’s Raw Materials Inventory account totaled
$680,000, and its Finished Goods Inventory totaled $3,456,400.
Sunland applies manufacturing overhead on the basis of machine
hours. The company’s manufacturing overhead budget...
Dreckman Inc, uses a job order costing system in which any underappiled or overapplied overhead is closed to cost of goods sold at the end of the month. In August the company completed job M27K that consisted of 17000 units of one of the company's standard products. No other jobs were in process during the month The total manufacturing cost for job M27K according to its job cost sheet was 51118.600,hence the per unit product cost is $65.80. During the...
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