Homework Answers
1.
| Raw Materials | |||
| Beg. bal. | 16,500 | b. | 191,000 |
| a. | 202,000 | ||
| End. bal. | 27,500 | ||
| Work in Process | |||
| Beg. bal. | 10,200 | i. | 484,400 |
| b. ( $ 191,000 * 80 % ) | 152,800 | ||
| c. | 160,800 | ||
| h. ( $ 155,230 / 36,100 * 40,200) | 172,860 | ||
| End. bal. | 12,260 | ||
| Finished Goods | |||
| Beg. bal. | 30,100 | j. | 479,200 |
| i. | 484,400 | ||
| End. bal. | 35,300 | ||
| Manufacturing Overhead | |||
| b. | 38,200 | h. | 172,860 |
| c. | 27,200 | ||
| d. | 42,450 | ||
| e. | 8,925 | ||
| g. | 54,540 | ||
| Overapplied | 1,545 | ||
| Cost of Goods Sold | |||
| j. | 479,200 | Adj. | 1,545 |
| End. bal. | 477,655 | ||
2.
| Raw Materials | |||
| Beg. bal. | 50,200 | Issued to production | 38,000 |
| End. bal. | 12,200 | ||
| Work in Process | |||
| Beg. bal. | 99,600 | Completed and Transferred Out | 77,275 |
| Direct Materials | 38,000 | ||
| Direct Labor | 27,650 | ||
| Manufacturing Overhead | 41,475 | ||
| End. bal. | 129,450 | ||
| Finished Goods | |||
| Beg. bal. | 102,000 | ||
| Cost of Goods Manufactured | 77,275 | ||
| End. bal. | 179,275 | ||
Add Answer to:
Ravsten Company uses a job-order costing system. On January 1, the beginning of the current year, the company's...
Ravsten Company uses a job-order costing system. On January 1, the beginning of the current year,...
Ravsten Company uses a job-order costing system. On January 1,
the beginning of the current year, the company’s inventory balances
were as follows:
Raw materials
$
25,000
Work in process
$
13,600
Finished goods
$
31,800
The company applies overhead cost to jobs on the basis of
machine-hours. For the current year, the company estimated that it
would work 37,800 machine-hours and incur $166,320 in manufacturing
overhead cost. The following transactions were recorded for the
year:
Raw materials were...
Ravsten Company uses a job-order costing system. On January 1, the beginning of the current year,...
Ravsten Company uses a job-order costing system. On January 1, the beginning of the current year, the company's inventory balances were as follows: Raw materials Work in process Finished goods $21, 500 $12, 200 $31, 100 The company applies overhead cost to jobs on the basis of machine-hours. For the current year, the company estimated that it would work 37,100 machine-hours and incur $150,255 in manufacturing overhead cost. The following transactions were recorded for the year: a. Raw materials were...
Ravsten Company uses a job-order costing system. On January 1, the beginning of the current year,...
Ravsten Company uses a job-order costing system. On January 1,
the beginning of the current year, the company’s inventory balances
were as follows:
Raw materials
$
25,000
Work in process
$
13,600
Finished goods
$
31,800
The company applies overhead cost to jobs on the basis of
machine-hours. For the current year, the company estimated that it
would work 37,800 machine-hours and incur $166,320 in manufacturing
overhead cost. The following transactions were recorded for the
year:
Raw materials were...
Ravsten Company uses a job-order costing system. On January 1, the beginning of the current year,...
Ravsten Company uses a job-order costing system. On January 1, the beginning of the current year, the company’s inventory balances were as follows: Raw materials $ 19,500 Work in process $ 11,400 Finished goods $ 30,700 The company applies overhead cost to jobs on the basis of machine-hours. For the current year, the company estimated that it would work 36,700 machine-hours and incur $168,820 in manufacturing overhead cost. The following transactions were recorded for the year: Raw materials were...
Ravsten Company uses a job-order costing system. On January 1, the beginning of the current year,...
Ravsten Company uses a job-order costing system. On January 1,
the beginning of the current year, the company’s inventory balances
were as follows:
Raw materials
$
25,000
Work in process
$
13,600
Finished goods
$
31,800
The company applies overhead cost to jobs on the basis of
machine-hours. For the current year, the company estimated that it
would work 37,800 machine-hours and incur $166,320 in manufacturing
overhead cost. The following transactions were recorded for the
year:
Raw materials were...
Kenworth Company uses a job-order costing system. Only three jobs—Job 105, Job 106, and Job 107—were...
Kenworth Company uses a job-order costing system. Only three
jobs—Job 105, Job 106, and Job 107—were worked on during November
and December. Job 105 was completed on December 10; the other two
jobs were still in production on December 31, the end of the
company’s operating year. Data from the job cost sheets of the
three jobs follow:
Job Cost Sheet
Job 105
Job 106
Job 107
November costs incurred:
Direct materials
$
19,900
$
12,700
$
0...
Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances...
Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances were as follows: Raw materials Work in process Finished goods $ 77,500 $ 32,800 $ 34,800 The company applies overhead cost to jobs on the basis of direct labor-hours. For the current year, the company's predetermined overhead rate of $12.75 per direct labor-hour was based on a cost formula that estimated $510,000 of total manufacturing overhead for an estimated activity level of 40,000 direct...
Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances...
Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances were as follows: Raw materialsS Work in process 25,000 Finished goods38,100 ş 50,500 The company applies overhead cost to jobs on the basis of direct labor-hours. For the current year, the company's predetermined overhead rate of $11.75 per direct labor-hour was based on a cost formula that estimated $470,000 of total manufacturing overhead for an estimated activity level of 40,000 direct labor-hours. The following...
Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances...
Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances were as follows: Raw materials Work in process Finished goods $ 72,500 $ 18, 200 $ 46,500 The company applies overhead cost to jobs on the basis of direct labor-hours. For the current year, the company's predetermined overhead rate of $15.50 per direct labor-hour was based on a cost formula that estimated $620,000 of total manufacturing overhead for an estimated activity level of 40,000...
Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances...
Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances were as follows: Raw materials Work in process Finished goods $ 59,500 $ 37,600 $ 61,800 The company applies overhead cost to jobs on the basis of direct labor-hours. For the current year, the company's predetermined overhead rate of $14.25 per direct labor-hour was based on a cost formula that estimated $570,000 of total manufacturing overhead for an estimated activity level of 40,000 direct...
Ravsten Company uses a job-order costing system. On January 1,
the beginning of the current year, the company’s inventory balances
were as follows:
Raw materials
$
25,000
Work in process
$
13,600
Finished goods
$
31,800
The company applies overhead cost to jobs on the basis of
machine-hours. For the current year, the company estimated that it
would work 37,800 machine-hours and incur $166,320 in manufacturing
overhead cost. The following transactions were recorded for the
year:
Raw materials were...
Ravsten Company uses a job-order costing system. On January 1, the beginning of the current year, the company's inventory balances were as follows: Raw materials Work in process Finished goods $21, 500 $12, 200 $31, 100 The company applies overhead cost to jobs on the basis of machine-hours. For the current year, the company estimated that it would work 37,100 machine-hours and incur $150,255 in manufacturing overhead cost. The following transactions were recorded for the year: a. Raw materials were...
Ravsten Company uses a job-order costing system. On January 1,
the beginning of the current year, the company’s inventory balances
were as follows:
Raw materials
$
25,000
Work in process
$
13,600
Finished goods
$
31,800
The company applies overhead cost to jobs on the basis of
machine-hours. For the current year, the company estimated that it
would work 37,800 machine-hours and incur $166,320 in manufacturing
overhead cost. The following transactions were recorded for the
year:
Raw materials were...
Ravsten Company uses a job-order costing system. On January 1,
the beginning of the current year, the company’s inventory balances
were as follows:
Raw materials
$
25,000
Work in process
$
13,600
Finished goods
$
31,800
The company applies overhead cost to jobs on the basis of
machine-hours. For the current year, the company estimated that it
would work 37,800 machine-hours and incur $166,320 in manufacturing
overhead cost. The following transactions were recorded for the
year:
Raw materials were...
Kenworth Company uses a job-order costing system. Only three
jobs—Job 105, Job 106, and Job 107—were worked on during November
and December. Job 105 was completed on December 10; the other two
jobs were still in production on December 31, the end of the
company’s operating year. Data from the job cost sheets of the
three jobs follow:
Job Cost Sheet
Job 105
Job 106
Job 107
November costs incurred:
Direct materials
$
19,900
$
12,700
$
0...
Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances were as follows: Raw materials Work in process Finished goods $ 77,500 $ 32,800 $ 34,800 The company applies overhead cost to jobs on the basis of direct labor-hours. For the current year, the company's predetermined overhead rate of $12.75 per direct labor-hour was based on a cost formula that estimated $510,000 of total manufacturing overhead for an estimated activity level of 40,000 direct...
Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances were as follows: Raw materialsS Work in process 25,000 Finished goods38,100 ş 50,500 The company applies overhead cost to jobs on the basis of direct labor-hours. For the current year, the company's predetermined overhead rate of $11.75 per direct labor-hour was based on a cost formula that estimated $470,000 of total manufacturing overhead for an estimated activity level of 40,000 direct labor-hours. The following...
Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances were as follows: Raw materials Work in process Finished goods $ 72,500 $ 18, 200 $ 46,500 The company applies overhead cost to jobs on the basis of direct labor-hours. For the current year, the company's predetermined overhead rate of $15.50 per direct labor-hour was based on a cost formula that estimated $620,000 of total manufacturing overhead for an estimated activity level of 40,000...
Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances were as follows: Raw materials Work in process Finished goods $ 59,500 $ 37,600 $ 61,800 The company applies overhead cost to jobs on the basis of direct labor-hours. For the current year, the company's predetermined overhead rate of $14.25 per direct labor-hour was based on a cost formula that estimated $570,000 of total manufacturing overhead for an estimated activity level of 40,000 direct...
Most questions answered within 3 hours.
-
if we subtract 1000 from 0001 is there overflow? (binary)
asked 1 minute ago -
Hello, I need help with the function below, The language I am
using is Ocaml
open...
asked 3 minutes ago -
Explain how the presence of glucose represses the gal structural
genes?
asked 10 minutes ago -
For the reaction CaI2+2AgNO3⟶2AgI+Ca(NO3)2 how many grams of
silver iodide, AgI, are produced from 56.5 g...
asked 22 minutes ago -
Write an equation for hydrolysis via acid catalysis.
Using ethyl acetate, ethyl benzoate, ethyl formate or...
asked 30 minutes ago -
Only one graph is needed.
(a) Draw a Supply Curve and the Demand Curve for the...
asked 33 minutes ago -
Fill in the blanks and please show how you arrived at numerical
answers
. The...
asked 33 minutes ago -
91. If the half – life of a sample of radioactive
material is 60 days, what...
asked 40 minutes ago -
White light (380nm-750nm) strikes a diffraction grating (420
lines/mm) at normal incidence. What is the highest-order...
asked 50 minutes ago -
1) Explain what is meant by a good being "excludable."?
2) Explain what is meant by...
asked 49 minutes ago -
I need help with this question:
Describe in detail at least two factors that stimulated American...
asked 56 minutes ago -
Calculate the Boyle temperature for helium assuming it follows
the Berthelot equation of state.
asked 57 minutes ago