On August 1, Cairle Company’s work-in-process inventory consisted of three jobs with the following costs: Job...
On August 1, Cairle Company’s work-in-process inventory consisted of three jobs with the following costs:
| Job 70 | Job 71 | Job 72 | |
| Direct materials | $1,600 | $2,000 | $850 |
| Direct labor | 1,900 | 1,300 | 900 |
| Applied overhead | 1,425 | 975 | 675 |
During August, four more jobs were started. Information on costs added to the seven jobs during the month is as follows:
| Job 70 | Job 71 | Job 72 | Job 73 | Job 74 | Job 75 | Job 76 | |
| Direct materials | $800 | $1,235 | $3,550 | $5,000 | $300 | $560 | $80 |
| Direct labor | 1,000 | 1,400 | 2,200 | 1,800 | 600 | 860 | 172 |
Before the end of August, Jobs 70, 72, 73, and 75 were completed. On August 31, Jobs 72 and 75 were sold.
Cairle’s selling and administrative expenses for August were $1,200. Assume that Cairle prices its jobs at cost plus 20 percent.
Required:
Prepare an income statement for Cairle Company for August.
| Cairle Company | |
| Income Statement | |
| For the Month of August | |
| $ | |
| $ | |
| $ | |
Homework Answers
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On August 1, Cairle Company’s work-in-process inventory
consisted of three jobs with the following costs:
Job...
On August 1, Cairle Company’s work-in-process inventory consisted of three jobs with the following costs: Job...
On August 1, Cairle Company’s work-in-process inventory consisted of three jobs with the following costs: Job 70 Job 71 Job 72 Direct materials $1,700 $2,000 $850 Direct labor 1,900 1,200 900 Applied overhead 1,330 840 630 During August, four more jobs were started. Information on costs added to the seven jobs during the month is as follows: Job 70 Job 71 Job 72 Job 73 Job 74 Job 75 Job 76 Direct materials $800 $1,235 $3,600 $5,000 $300 $560 $80...
Exercise 5.14 Cost, Unit Cost Predetermined Overhead Rate, Application of Overhead to Jobs, Job OBJECTIVE wiest...
Exercise 5.14 Cost, Unit Cost Predetermined Overhead Rate, Application of Overhead to Jobs, Job OBJECTIVE wiest i Cairle Company's work-in-process inventory consisted of three jobs with the following costs: On August 1, Company Job 72 Direct materials Direct labor Applied overhead Job 70 $1,600 1,900 1,425 Job 71 $2,000 1,300 975 $850 900 675 more jobs were started. Information on costs added to the seven jobs dur- Job 70 Job 71 Job 72 Job 73 Job 74Job 75 Job 76...
on august 1st, Carole or Predetermined Overhead Rate, Application of Overhead to Jobs, Job Cost, Unit...
on august 1st, Carole
or Predetermined Overhead Rate, Application of Overhead to Jobs, Job Cost, Unit Cost On August 1, Cairle Company's work-in-process inventory consisted of three jobs with the following costs: Job 70 Job 72 Direct materials Job 71 $2,000 1,300 $1,600 1,900 $850 Direct labor 900 Applied overhead 1,425 975 675 During August, four more jobs were started. Information on costs added to the seven jobs during the month is as follows: Job 70 Job 71 Job 72...
Income Statement Predetermined Overhead Rate, Application of Overhead to Jobs, Job Cost, Unit Cost On August...
Income Statement Predetermined Overhead Rate, Application of Overhead to Jobs, Job Cost, Unit Cost On August 1, Cairle Company's work-in-process inventory consisted of three jobs with the following costs: Job 70 Job 71 Job 72 Direct materials $1,700 $2,000 $850 Direct labor 1,900 1,300 900 Applied overhead 1,520 1,040 720 During August, four more jobs were started. Information on costs added to the seven jobs during the month is as follows: Job 70 Job 71 Job 72 Job 73 Job...
Predetermined Overhead Rate, Application of Overhead to Jobs, Job Cost, Unit Cost On August 1, Cairle...
Predetermined Overhead Rate, Application of Overhead to Jobs, Job Cost, Unit Cost On August 1, Cairle Company’s work-in-process inventory consisted of three jobs with the following costs: Job 70 Job 71 Job 72 Direct materials $1,500 $2,000 $850 Direct labor 1,900 1,200 900 Applied overhead 1,520 960 720 During August, four more jobs were started. Information on costs added to the seven jobs during the month is as follows: Job 70 Job 71 Job 72 Job 73 Job 74 Job...
Predetermined Overhead Rate, Application of Overhead to Jobs, Job Cost, Unit Cost On August 1, Cairle...
Predetermined Overhead Rate, Application of Overhead to Jobs, Job Cost, Unit Cost On August 1, Cairle Company's work-in-process inventory consisted of three jobs with the following costs: Job 70 Job 71 Job 72 Direct materials $1,700 $850 Direct labor 1,900 1,94 $2,000 1,200 960 900 Applied overhead 1,520 720 During August, four more jobs were started. Information on costs added to the seven jobs during the month is as follows: Job 70 Job 71 Job 72 Job 73 Job 74...
Predetermined Overhead Rate, Application of Overhead to Jobs, Job Cost, Unit Cost On August 1, Cairle...
Predetermined Overhead Rate, Application of Overhead to Jobs, Job Cost, Unit Cost On August 1, Cairle Company's work-in-process inventory consisted of three jobs with the following costs: Job Job 70 Job 71 72 Direct materials $1,500 $2,000 $850 Direct labor 1,900 1,400 900 Applied overhead 1,520 1,120 720 During August, four more jobs were started. Information on costs added to the seven jobs during the month is as follows: Job Job Job Job Job 71 Job 72 Job 73 70...
Income Statement Predetermined Overhead Rate, Application of Overhead to Jobs, Job Cost, Unit Cost On August...
Income Statement Predetermined Overhead Rate, Application of Overhead to Jobs, Job Cost, Unit Cost On August 1, Cairle Company's work-in-process inventory consisted of three jobs with the following costs: Job 70 Job 71 Job 72 Direct materials $1,500 $2,000 $850 Direct labor 1,900 1,300 900 Applied overhead 1,520 1,040 720 During August, four more jobs were started. Information on costs added to the seven jobs during the month is as follows: Direct materials Job 70 $800 1,000 Job 71 $1,235...
Income Statement Predetermined Overhead Rate, Application of Overhead to Jobs, Job Cost, Unit Cost On August...
Income Statement Predetermined Overhead Rate, Application of Overhead to Jobs, Job Cost, Unit Cost On August 1, Cairle Company's work-in-process inventory consisted of three jobs with the following costs: Job 70 Job 71 Job 72 Direct materials $1,700 $2,000 $850 Direct labor 1,900 1,300 900 Applied overhead 1,330 910 630 During August, four more jobs were started. Information on costs added to the seven jobs during the month is as follows: Job 70 Job 71 Job 72 Job 73 Job...
Income Statement Predetermined Overhead Rate, Application of Overhead to Jobs, Job Cost, Unit Cost On August...
Income Statement Predetermined Overhead Rate, Application of Overhead to Jobs, Job Cost, Unit Cost On August 1, Cairle Company’s work-in-process inventory consisted of three jobs with the following costs: Job 70 Job 71 Job 72 Direct materials $1,700 $2,000 $850 Direct labor 1,900 1,300 900 Applied overhead 1,520 1,040 720 During August, four more jobs were started. Information on costs added to the seven jobs during the month is as follows: Job 70 Job 71 Job 72 Job 73 Job...
Exercise 5.14 Cost, Unit Cost Predetermined Overhead Rate, Application of Overhead to Jobs, Job OBJECTIVE wiest i Cairle Company's work-in-process inventory consisted of three jobs with the following costs: On August 1, Company Job 72 Direct materials Direct labor Applied overhead Job 70 $1,600 1,900 1,425 Job 71 $2,000 1,300 975 $850 900 675 more jobs were started. Information on costs added to the seven jobs dur- Job 70 Job 71 Job 72 Job 73 Job 74Job 75 Job 76...
on august 1st, Carole
or Predetermined Overhead Rate, Application of Overhead to Jobs, Job Cost, Unit Cost On August 1, Cairle Company's work-in-process inventory consisted of three jobs with the following costs: Job 70 Job 72 Direct materials Job 71 $2,000 1,300 $1,600 1,900 $850 Direct labor 900 Applied overhead 1,425 975 675 During August, four more jobs were started. Information on costs added to the seven jobs during the month is as follows: Job 70 Job 71 Job 72...
Income Statement Predetermined Overhead Rate, Application of Overhead to Jobs, Job Cost, Unit Cost On August 1, Cairle Company's work-in-process inventory consisted of three jobs with the following costs: Job 70 Job 71 Job 72 Direct materials $1,700 $2,000 $850 Direct labor 1,900 1,300 900 Applied overhead 1,520 1,040 720 During August, four more jobs were started. Information on costs added to the seven jobs during the month is as follows: Job 70 Job 71 Job 72 Job 73 Job...
Predetermined Overhead Rate, Application of Overhead to Jobs, Job Cost, Unit Cost On August 1, Cairle Company's work-in-process inventory consisted of three jobs with the following costs: Job 70 Job 71 Job 72 Direct materials $1,700 $850 Direct labor 1,900 1,94 $2,000 1,200 960 900 Applied overhead 1,520 720 During August, four more jobs were started. Information on costs added to the seven jobs during the month is as follows: Job 70 Job 71 Job 72 Job 73 Job 74...
Predetermined Overhead Rate, Application of Overhead to Jobs, Job Cost, Unit Cost On August 1, Cairle Company's work-in-process inventory consisted of three jobs with the following costs: Job Job 70 Job 71 72 Direct materials $1,500 $2,000 $850 Direct labor 1,900 1,400 900 Applied overhead 1,520 1,120 720 During August, four more jobs were started. Information on costs added to the seven jobs during the month is as follows: Job Job Job Job Job 71 Job 72 Job 73 70...
Income Statement Predetermined Overhead Rate, Application of Overhead to Jobs, Job Cost, Unit Cost On August 1, Cairle Company's work-in-process inventory consisted of three jobs with the following costs: Job 70 Job 71 Job 72 Direct materials $1,500 $2,000 $850 Direct labor 1,900 1,300 900 Applied overhead 1,520 1,040 720 During August, four more jobs were started. Information on costs added to the seven jobs during the month is as follows: Direct materials Job 70 $800 1,000 Job 71 $1,235...
Income Statement Predetermined Overhead Rate, Application of Overhead to Jobs, Job Cost, Unit Cost On August 1, Cairle Company's work-in-process inventory consisted of three jobs with the following costs: Job 70 Job 71 Job 72 Direct materials $1,700 $2,000 $850 Direct labor 1,900 1,300 900 Applied overhead 1,330 910 630 During August, four more jobs were started. Information on costs added to the seven jobs during the month is as follows: Job 70 Job 71 Job 72 Job 73 Job...
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