Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost
Exercise 2-10 Applying Overhead Cost to a Job (LO2-2)
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during the current period, shows charges of $5,500 for direct materials, $9,000 for direct labor, and $5,130 for overhead on its job cost sheet. Job W, which is still in process at year-end, shows charges of $3,300 for direct materials and $5.500 for direct labor.
Required:
1a. Should any overhead cost be applied to Job W at year-end?
1b. How much overhead cost should be applied to Job W?
2. How will the costs included in Job W's job cost sheet be reported within Sigma Corporation's financial statements at the end of the year? Raw Materials
Work-in-Process
Finished Goods
Homework Answers
Add Answer to:
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V,...
Sigma Corporation applies overhead cost to jobs on the basis of
direct labor cost. Job V, which was started and completed during
the current period, shows charges of $5,700 for direct materials,
$9,600 for direct labor, and $5,376 for overhead on its job cost
sheet. Job W, which is still in process at year-end, shows charges
of $2,900 for direct materials and $4,100 for direct
labor.
Check my work 3 Required: la. Should any overhead cost be applied to Job...
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V,...
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during the current period, shows charges of $6,800 for direct materials, $9,500 for direct labor, and $5,985 for overhead on its job cost sheet. Job W, which is still in process at year-end, shows charges of $4,200 for direct materials and $4,800 for direct labor. Required: 1a. Should any overhead cost be applied to Job W at year-end? Yes...
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V,...
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during the current period, shows charges of $5,200 for direct materials, $9,900 for direct labor, and $6,435 for overhead on its job cost sheet. Job W, which is still in process at year-end, shows charges of $2,900 for direct materials and $4,800 for direct labor. Required: 1a. Should any overhead cost be applied to Job W at year-end? Yes...
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V,...
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during the current period, shows charges of $5,000 for direct materials, $8,000 for direct labor, and $6,000 for overhead on its job cost sheet. Job W, which is still in process at year-end, shows charges of $2,500 for direct materials and $4,000 for direct labor. Required: 1a. Should any overhead cost be applied to Job W at year-end? 1b. How much overhead...
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V,...
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during the current period, shows charges of $5,700 for direct materials, $9.900 for direct labor, and $5,742 for overhead on its job cost sheet. Job W, which is still in process at year-end, shows charges of $2,900 for direct materials and $4,700 for direct labor. Required: 1a. Should any overhead cost be applied to Job Wat year-end? Yes No...
10 Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job...
10 Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during the current period, shows charges of $6.700 for direct materials. $8,100 for direct labor, and $5.994 for overhead on its job cost sheet Job W, which is still in process at year-end, shows charges of $3,200 for direct materials and $5.800 for direct labor. Required: 1a. Should any overhead cost be applied to Job Wat year-end? Yes...
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost Job V,...
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost Job V, which was started and completed during the Current period, shows charges of $6.200 for direct materials. $8.200 for direct labor, and $5.822 for overhead on its job cost sheet Job W, which is still in process at year-end, shows charges of $4,300 for direct materials and $5,100 for direct labor Required: 10. Should any overhead cost be applied to Job Wat year-end? Yes O...
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V,...
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during the current period, shows charges of $5,800 for direct materials, $8,200 for direct labor, and $5,986 for overhead on its job cost sheet. Job W, which is still in process at year-end, shows charges of $3,200 for direct materials and $5,700 for direct labor. Required: 1a. Should any overhead cost be applied to Job W at year-end? Yes...
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V,...
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during the current period, shows charges of $6,100 for direct materials, $8,900 for direct labor, and $4,895 for overhead on its job cost sheet. Job W, which is still in process at year-end, shows charges of $3,400 for direct materials and $5,400 for direct labor. Required: 1a. Should any overhead cost be applied to Job W at year-end? Yes...
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V,...
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during the current period, shows charges of $6,600 for direct materials, $9,700 for direct labor, and $6,887 for overhead on its job cost sheet. Job W, which is still in process at year-end, shows charges of $3,400 for direct materials and $4,600 for direct labor. 1b. How much overhead cost should be applied to Job W?
Sigma Corporation applies overhead cost to jobs on the basis of
direct labor cost. Job V, which was started and completed during
the current period, shows charges of $5,700 for direct materials,
$9,600 for direct labor, and $5,376 for overhead on its job cost
sheet. Job W, which is still in process at year-end, shows charges
of $2,900 for direct materials and $4,100 for direct
labor.
Check my work 3 Required: la. Should any overhead cost be applied to Job...
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during the current period, shows charges of $6,800 for direct materials, $9,500 for direct labor, and $5,985 for overhead on its job cost sheet. Job W, which is still in process at year-end, shows charges of $4,200 for direct materials and $4,800 for direct labor. Required: 1a. Should any overhead cost be applied to Job W at year-end? Yes...
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during the current period, shows charges of $5,200 for direct materials, $9,900 for direct labor, and $6,435 for overhead on its job cost sheet. Job W, which is still in process at year-end, shows charges of $2,900 for direct materials and $4,800 for direct labor. Required: 1a. Should any overhead cost be applied to Job W at year-end? Yes...
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during the current period, shows charges of $5,000 for direct materials, $8,000 for direct labor, and $6,000 for overhead on its job cost sheet. Job W, which is still in process at year-end, shows charges of $2,500 for direct materials and $4,000 for direct labor. Required: 1a. Should any overhead cost be applied to Job W at year-end? 1b. How much overhead...
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during the current period, shows charges of $5,700 for direct materials, $9.900 for direct labor, and $5,742 for overhead on its job cost sheet. Job W, which is still in process at year-end, shows charges of $2,900 for direct materials and $4,700 for direct labor. Required: 1a. Should any overhead cost be applied to Job Wat year-end? Yes No...
10 Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during the current period, shows charges of $6.700 for direct materials. $8,100 for direct labor, and $5.994 for overhead on its job cost sheet Job W, which is still in process at year-end, shows charges of $3,200 for direct materials and $5.800 for direct labor. Required: 1a. Should any overhead cost be applied to Job Wat year-end? Yes...
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost Job V, which was started and completed during the Current period, shows charges of $6.200 for direct materials. $8.200 for direct labor, and $5.822 for overhead on its job cost sheet Job W, which is still in process at year-end, shows charges of $4,300 for direct materials and $5,100 for direct labor Required: 10. Should any overhead cost be applied to Job Wat year-end? Yes O...
Most questions answered within 3 hours.
-
A 1.3 eV electron has a 10-4 probability of tunneling
through a 2.4 eV potential barrier....
asked 15 minutes ago -
What is the one ingredient that is common to being successful
with all stakeholders?
profit
trust...
asked 13 minutes ago -
Write an assembly language 32 bit program that reads in lines of
text by a .txt...
asked 16 minutes ago -
what is the density ( in g/L) of hydrogen gas at 29 degrees C and a...
asked 25 minutes ago -
5-6. You are considering three investment alternatives for some
spare cash: Old Reliable Corporation stock (A1),...
asked 16 minutes ago -
Problem 16-02
Receivables Investment
Medwig Corporation has a DSO of 45 days. The company averages
$7,250...
asked 32 minutes ago -
Mr. Brown hired Lowe's Maintenance Services Limited to repair
and paint the exterior wall of his...
asked 32 minutes ago -
When might an index slow down the overall performance of the
database? Choose the best answer....
asked 37 minutes ago -
Due to a recession, expected inflation this year is only 2.25%.
However, the inflation rate in...
asked 39 minutes ago -
Write four functions: (IN PYTHON 3)
1) bound(l) - given a list of integers l, compute...
asked 41 minutes ago -
A quarterback throws a football. When the football leaves his
hand, it has a horizontal velocity...
asked 49 minutes ago -
he term "reproductive isolation mechanism" refers to
inability of a species to continue reproduction
specific areas...
asked 51 minutes ago