Answer | ||
Answer 1 | The balance in work in process inventory on January 1 | |
Particulars | Amount | |
Direct material | $ 6,400 | |
Direct labour | $ 7,000 | |
Manufacturing overheads | $ 4,900 | |
(6400+7000+4900) | $ 18,300 |
Answer 2 | Over head rate used in each year of manufacturing overhead is applied on basis of direct labour cost | ||
Particulars | Percent | Workings | |
Last Year | 70% | (4900/7000) | |
Current Year | 75% | (7500+3000)/(10000+4000) |
Answer 3 | |||
Date | Account titles and Explanation | Debit | Credit |
Jan-31 | Job 92 A/c | $ 9,800 | |
materials | $ 9,800 | ||
(To record the materials used) | |||
Jan-31 | Job 92 A/c | $ 14,000 | |
Labour | $ 14,000 | ||
(To record the Labour Used) | |||
Jan-31 | Job 92 A/c | $ 10,500 | |
Manufacturing Overheads | $ 10,500 | ||
(To record the manufacturing overheads used) | |||
Jan-31 | Finished goods | $ 52,600 | |
To Job 92 A/c | $ 52,600 | ||
(To Record Job Completed) |
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CALCULATOR Exercise 15-03 A job order cost sheet for Ryan Company is shown below. Job No....
help please nelurumenda Ajob order cost sheet for Ryan Company is shown below. Job No.92 For 2,000 Units oport Direct Materials Date Direct Labor Manufacturing Overhead Beg. bal. Jan. 1 7,000 6,400 7.000 se 10,000 500 2,800 4,000 21,000 16,200 3,000 15,400 Cost of completed job: Direct materials $16,200 Direct labor 21,000 Manufacturing overhead 15,400 Total cost $52,600 Unit cost ($52,600 + 2,000) $26,30 Unit cost ($52,600 2,000) $26.30 (a) On the basis of the foregoing data, answer the following...
Exercise 2-3 A job order cost sheet for Ryan Company is shown below. Job No. 92 Direct Materials Direct Labor For 2,000 Units Manufacturing | Overhead Date Beg. bal. Jan. 1 6,700 7,000 4,900 7,000 10,000 7,500 2,800 4,000 21,000 3,000 15,400 16,500 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost ($52,900 + 2,000) $16,500 21,000 15,400 $52,900 $26.45 (a) On the basis of the foregoing data, answer the following questions. (1) What was...
Exercise 15-03 A job order cost sheet for Ryan Company is shown below. Job No. 92 Direct Materials Direct Labor For 2,000 Units Manufacturing Overhead Date Beqbal 7,000 4,900 7,000 7,000 10,000 7,500 2,500 5,000 3,750 16,150 16,500 22,000 $16,500 Cost of completed job Direct materials Direct labor Manufacturing overhead Total cost Unit cost (554,650 + 2,000) 22,000 16,150 $54,650 $27.33 (a) On the basis of the foregoing data, answer the following questions. (1) What was the balance in Work...
A job order cost sheet for Ryan Company is shown below. Job No. 92 Direct Materials Direct Labor For 2,000 Units Manufacturing Overhead 4,900 Date 7,000 Beg. bal. Jan. 1 8 6,000 7,000 12 10,000 8,500 25 2,500 27 4,000 3,400 16,800 15,500 21,000 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost ($53,300 = 2,000) $15,500 21,000 16,800 $53,300 $26.65 (a) On the basis of the foregoing data, answer the following questions. (1) What...
MENT RESOURCES Exercise 15-03 A job order cost sheet for Ryan Company is shown below. se 15-03 m 15-01A m 15-04A For 2,000 Units Job No. 92 Manufacturing Overhead Direct Labor Direct Materials Date Score Beg. bal. Jan. 1 Results by Study we 4,200 5.300 6,000 6,000 5,600 7,000 12 2,500 25 3,200 13,000 4,000 27 17,000 13,800 Cost of completed job: $13,800 Direct materials 17,000 Direct labor 13,000 Manufacturing overhead $43,800 Total cost $21.90 Unit cost (S43,800 - 2,000)...
A job order cost sheet for Ryan Company is shown below. Job No. 92 For 2,000 Units Direct Materials Direct Labor Manufacturing Overhead Date Beg. bal. Jan. 1 5,100 7,000 4.900 7,000 8,000 6,000 2,800 5,000 3,750 14,900 20,000 14,650 Cost of completed job: Direct materials $14,900 Direct labor 20,000 Manufacturing overhead 14,650 Total cost $49,550 Unit cost ($49,550 = 2,000) $24.78 (a) On the basis of the foregoing data, answer the following questions. (a) On the basis of the...
A job order cost sheet for Ryan Company is shown below. Job No. 92 Direct Labor Direct Materials 5,200 7,000 For 2,000 Units Manufacturing Overhead 4,900 7,000 Date Beg. bal. Jan. 1 8 12 25 27 10,000 8,000 2,900 5,000 4,000 16,900 15,100 22,000 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost ($54,000 = 2,000) $15,100 22,000 16,900 $54,000 $27.00 (a) On the basis of the foregoing data, answer the following questions. (1) What...
Current Attempt in Progress A job order cost sheet for Ryan Company is shown below. Job No. 92 Direct Materials 6,300 7,000 Direct Labor 7,000 For 2,000 Units Manufacturing Overhead 4,900 Date Beg. bal. Jan. 1 8 12 25 27 9,000 7,200 3,000 4,000 20,000 3,200 15,300 16,300 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost ($51,600 + 2,000) $16,300 20,000 15,300 $51,600 $25.80 (a) On the basis of the foregoing data, answer the...
Exercise 2-3 A job order cost sheet for Ryan Company is shown below. Job No. 92 For 2,000 Units Date Direct Materials Direct Labor Manufacturing Overhead Beg. bal. Jan. 1 5,200 6,000 4,200 8 6,000 12 10,000 7,500 25 2,700 27 4,000 3,000 13,900 20,000 14,700 Cost of completed job: Direct materials $13,900 Direct labor 20,000 Manufacturing overhead 14,700 Total cost $48,600 Unit cost ($48,600 รท 2,000) $24.30 (a) On the basis of the foregoing data, answer the following questions....
A job order cost sheet for Ryan Company is shown below Job No. 92 For 2,000 Units Direct Manufacturing Direct Materials Labor Date Overhead Beg. bal 5,9007,400 5,180 Jan. 1 7,400 12 25 27 6,800 5,100 2,400 4,400 15,700 18,600 3,300 13,580 Cost of completed job: Direct materials 15,700 18,600 13,580 $47,880 $23.94 Direct labor Total cost Unit cost ($47,880 2,000) (a) On the basis of the foregoing data, answer the following questions. (1) What was the balance in Work...