Homework Answers
| Direct Materials | |||||
| Job | May | June | Total | ||
| 102 | $12,000 | $26,000 | $38,000 | ||
| 103 | 0 | 56,000 | 56,000 | ||
| 104 | 0 | 58,000 | 58,000 | ||
| Total | $12,000 | $140,000 | $152,000 | ||
| Direct Labor | |||||
| Job | May | June | Total | ||
| 102 | $3,300 | $9,700 | $13,000 | ||
| 103 | 0 | 25,600 | 25,600 | ||
| 104 | 0 | 41,000 | 41,000 | ||
| Total | $3,300 | $76,300 | $79,600 | ||
| ques 3 | |||||
| Overhead Rate | |||||
| Choose Numerator: | / | Choose Denominator: | = | Overhead Rate | |
| Estimated overhead costs | / | Estimated direct labor | = | Overhead rate | |
| Job102 | $5,200 | / | $13,000 | = | 40.00% |
| Job103 | $10,240 | / | $25,600 | 40.00% | |
| Job104 | $16,400 | / | $41,000 | 40.00% | |
| ques 4 | |||||
| Job | Direct Materials | Direct Labor | Applied Overhead | Total Cost | Cost Transferred to Finished Goods |
| 102 | $38,000 | $13,000 | $5,200 | $56,200 | $56,200 |
| 103 | $56,000 | $25,600 | $10,240 | $91,840 | 91,840 |
| 104 | $58,000 | $41,000 | $16,400 | $115,400 | 0 |
| Total | $152,000 | $79,600 | $31,840 | $263,440 | $148,040 |
Add Answer to:
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the...
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the...
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs. JOD 102 922,000 Diegt materials Direct labor Overhead applied JOB 103 $71,000 27.300 10.920 JOD 104 $55,000 41.000 16.400 Job 102 was started in production in May and the following costs were assigned to it in May: direct materials, $11.000; direct labor, $3,900; and overhead, $1,560. Jobs 103 and 104 were started in June. Overhead cost...
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the...
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs. Job 102 $16,000 20,000 9,200 Job 103 Job 104 Direct materials $56,000 $60,000 44,000 20,240 Direct labor 30,000 Overhead applied 13,800 Job 102 was started in production in May, and the following costs were assigned to it in May: direct materials, $11,000; direct labor, $3,900; and overhead, $1,794. Jobs 103 and 104 were started in June....
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the...
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs ts Direct materials Direct labor Overhead applied Job 102 $18,000 14,000 6,020 Job 103 $51,000 26,200 11, 266 Job 104 $64,000 43,090 18,490 Job 102 was started in production in May, and the following costs were assigned to it in May: direct materials, $14,000; direct labor, $4,000; and overhead, $1,720. Jobs 103 and 104 were started...
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the...
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs. Direct materials Direct labor Overhead applied Job 102 $39,000 13,000 5,070 Job 103 $61,000 27,700 10,803 Job 104 $62,000 40,000 15,600 Job 102 was started in production in May, and the following costs were assigned to it in May: direct materials, $10,000; direct labor, $3,400; and overhead, $1,326. Jobs 103 and 104 were started in June....
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the...
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs. Direct materials Direct labor Overhead applied Job 102 $17,000 16,000 5,280 Job 103 $53,000 27,100 8,943 Job 104 $53,000 40,000 13,200 Job 102 was started in production in May and the following costs were assigned to it in May: direct materials. $8,000; direct labor. $2,900; and overhead, $957. Jobs 103 and 104 were started in June....
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the...
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs. Job 102 Job 103 Job 104 Direct materials$25,000 $49,000 $55,000 Direct labor 17,000 25,400 40,000 Overhead applied 7,650 11,430 18,000 Job 102 was started in production in May and the following costs were assigned to it in May direct materials. $9.000 direct labor $3,200, and overhead. 51.440. Jobs 103 and 104 were started in June. Overhead...
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the...
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs Direct materials Direct labor Overhead applied Job 102 $19,000 15, 000 7, 200 Job 103 $75,000 27,000 12, 960 Job 104 $54, 000 38,000 18, 240 Job 102 was started in production in May, and the following costs were assigned to it in May: direct materials, $15,000, direct labor, $3,800, and overhead, $1,824. Jobs 103 and...
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the...
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs. Direct materials Direct labor Overhead applied Job 102 $26,000 20,000 6,800 Job 103 $55,000 27,200 9,248 Job 104 $55,000 42,000 14,280 Job 102 was started in production in May, and the following costs were assigned to it in May: direct materials, $14,000; direct labor, $3,100; and overhead, $1,054. Jobs 103 and 104 were started in June....
Che As of the end of June, the job cost sheets at Racing Wheels, Inc., show...
Che As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs. Job 102 Job 103 Job 104 Direct materials $56,000 $38,000 13,000 5, 200 $58,000 41,000 16,400 Direct labor 25,600 10,240 Overhead applied Job 102 was started in production in May and the following costs were assigned to it in May: direct materials, $12,000; direct labor, $3,300; and overhead, $1,320. Jobs 103 and 104 were started...
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the...
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs. Job 102 Job 103 Job 104 Direct materials $ 31,000 $ 56,000 $ 57,000 Direct labor 19,000 25,300 43,000 Overhead applied 7,410 9,867 16,770 Job 102 was started in production in May and the following costs were assigned to it in May: direct materials, $14,000; direct labor, $3,500; and overhead, $1,365. Jobs 103 and 104 were...
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs. JOD 102 922,000 Diegt materials Direct labor Overhead applied JOB 103 $71,000 27.300 10.920 JOD 104 $55,000 41.000 16.400 Job 102 was started in production in May and the following costs were assigned to it in May: direct materials, $11.000; direct labor, $3,900; and overhead, $1,560. Jobs 103 and 104 were started in June. Overhead cost...
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs. Job 102 $16,000 20,000 9,200 Job 103 Job 104 Direct materials $56,000 $60,000 44,000 20,240 Direct labor 30,000 Overhead applied 13,800 Job 102 was started in production in May, and the following costs were assigned to it in May: direct materials, $11,000; direct labor, $3,900; and overhead, $1,794. Jobs 103 and 104 were started in June....
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs ts Direct materials Direct labor Overhead applied Job 102 $18,000 14,000 6,020 Job 103 $51,000 26,200 11, 266 Job 104 $64,000 43,090 18,490 Job 102 was started in production in May, and the following costs were assigned to it in May: direct materials, $14,000; direct labor, $4,000; and overhead, $1,720. Jobs 103 and 104 were started...
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs. Direct materials Direct labor Overhead applied Job 102 $39,000 13,000 5,070 Job 103 $61,000 27,700 10,803 Job 104 $62,000 40,000 15,600 Job 102 was started in production in May, and the following costs were assigned to it in May: direct materials, $10,000; direct labor, $3,400; and overhead, $1,326. Jobs 103 and 104 were started in June....
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs. Direct materials Direct labor Overhead applied Job 102 $17,000 16,000 5,280 Job 103 $53,000 27,100 8,943 Job 104 $53,000 40,000 13,200 Job 102 was started in production in May and the following costs were assigned to it in May: direct materials. $8,000; direct labor. $2,900; and overhead, $957. Jobs 103 and 104 were started in June....
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs. Job 102 Job 103 Job 104 Direct materials$25,000 $49,000 $55,000 Direct labor 17,000 25,400 40,000 Overhead applied 7,650 11,430 18,000 Job 102 was started in production in May and the following costs were assigned to it in May direct materials. $9.000 direct labor $3,200, and overhead. 51.440. Jobs 103 and 104 were started in June. Overhead...
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs Direct materials Direct labor Overhead applied Job 102 $19,000 15, 000 7, 200 Job 103 $75,000 27,000 12, 960 Job 104 $54, 000 38,000 18, 240 Job 102 was started in production in May, and the following costs were assigned to it in May: direct materials, $15,000, direct labor, $3,800, and overhead, $1,824. Jobs 103 and...
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs. Direct materials Direct labor Overhead applied Job 102 $26,000 20,000 6,800 Job 103 $55,000 27,200 9,248 Job 104 $55,000 42,000 14,280 Job 102 was started in production in May, and the following costs were assigned to it in May: direct materials, $14,000; direct labor, $3,100; and overhead, $1,054. Jobs 103 and 104 were started in June....
Che As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs. Job 102 Job 103 Job 104 Direct materials $56,000 $38,000 13,000 5, 200 $58,000 41,000 16,400 Direct labor 25,600 10,240 Overhead applied Job 102 was started in production in May and the following costs were assigned to it in May: direct materials, $12,000; direct labor, $3,300; and overhead, $1,320. Jobs 103 and 104 were started...
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