Mini-HW Market survey_activity data_Final-1

engageNOWv2 | Online teachin X + _com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress.... A E At the end of April, Cavy Company had completed Jobs 765 and 766. The individual job cost sheets reveal the following information: Job Direct Materials Direct Labor Machine Hours Job No. 765 $8,400 30 $2,520 4,698 Job No. 766 14,877 87 Job 765 consisted of 180 units, and Job 766 consisted of 261 units. Assuming that the predetermined factory overhead rate is applied by using machine hours at a rate of $95 per hour. a. Determine the balance on the job cost sheets for each job. Job 765 Job 766 b. Determine the cost per unit at the end of April. Round your answers to the nearest cent. Job 765 Job 766 a 118 D -F10 Previous Next > D

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The weekly time tickets indicate the following distribution of labor hours for three direct labor employees:   Hours   Job 301 Job 302 Job 303 ProcessImprovement Landon Vincent 17   13   9   4   Fahad Hamad 10   13   13   3   Ivory Argo 11   17   8   5   The direct labor rate earned per hour by the three employees is as follows: Landon Vincent $23 Fahad Hamad 17 Ivory Argo 20 The process improvement category includes training, quality improvement, and other indirect tasks. Question Content Area a. Journalize the entry to record the factory labor costs for the week. If an amount box does not require an entry, leave it blank. blank   - Select - - Select -     - Select - - Select -     - Select - - Select -

Subject: Financial Accounting

A firm uses job costing. Details of the three jobs worked on during a period are: JOB 11 Job 22 Job 33 $ $ Opening work in progress Direct materials in the period Direct labour in the period 22,760 O a. $61,894 O b. $65,084 O c. $66,360 O d. $68,952 4,620 12,125 3,190 11,660 10,520 14,335 7,695 Overheads are absorbed at 40% of prime cost in each period. Jobs 22 and 33 remained incomplete at the end of the period. What is the value of the closing Work in progress?

Job Order Costing – Problem 2 Job order costing system is used by Amber Inc. Machine hours is used as the based for plantwide overhead rate. However, the manager has heard that overhead rate by department can improve cost assignment than plantwide rate. Below is the information for the two departments: Department A Department B Overhead costs (expected) $75,000 $33,000 Normal activity (machine hours) 10,000 8,000 Required: 1. Compute a predetermined overhead rate for the plant as a whole based on machine hours. 2. Compute predetermined overhead rates for each department using machine hours. (Note: Carry your calculations out to three decimal places.) 3. Job 73 used 20 machine hours from Department A and 50 machine hours from Department B. Job 74 used 50 machine hours from Department A and 20 machine hours from Department B. Compute the overhead cost assigned to each job using the plantwide rate computed in Requirement 1. Repeat the computation using the departmental rates found in…

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B AliExpress... https://ww... Ch. 15 IT (Interactive Tutorial) Question 5 of 13 Current Attempt in Progress Direct materials Direct labor Job 201 Blossom Company is working on two job orders. The job cost sheets show the following. $7,000 3,800 https://ww... Work in Process Inventory Work in Process Inventory Account Titles and Explanation (To assign materials to jobs) (To assign labor to jobs) Job 202 $8,800 (6284) Ho... 7,800 Start and... Prepare the two summary entries to record the assignment of costs to Work in Process from the data on the job cost sheets. (Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.) DZL Homepag... Debit ACCT 210... Credit W Ch. 15 IT (... -/0.77 : WP Question... DEL Homepag... Question List Question 1 Accounting Multistep Question 2 Accounting Multistep Question 3 Accounting Dropdown Question 4 Accounting Multistep Viewing Question 5 Accounting Dropdown Question 6…

Hahn Company uses a job-order costing system. Its plantwide predetermined overhead rate uses direct labor-hours as the allocation base. The company pays its direct laborers $19.00 per hour. During the year, the company started and completed only two jobs-Job Alpha, which used 63,400 direct labor-hours, and Job Omega. The job cost sheets for these two jobs are shown below: Job Alpha Direct materials Direct labor Manufacturing overhead applied Total job cost Job Omega Direct materials. Direct labor Manufacturing overhead applied Total job cost ? ? ? $ 2,452,000 $ 384,400 514,900 325, 200 $ 1,224,500 Required: 1. Calculate the plantwide predetermined overhead rate. 2. Complete the job cost sheet for Job Alpha. Required 1 Required 2 Complete this question by entering your answers in the tabs below. Calculate the plantwide predetermined overhead rate. (Round your answer to 2 decimal places.) Plantwide predetermined overhead rate s Required 1 per DLH Required 2

Oak Creek Furniture Factory (OCFF), a custom furniture manufacturer, uses job order costing to track the cost of each customer order. On March 1, OCFF had two jobs in process with the following costs: Work in Process Job 33 Job 34 Balance on 3/1 $4,600 4,300 $ 8,900 Source documents revealed the following during March: Materials Requisitions Forms $ 3,600 3,700 4,400 1,300 $ 13,000 Job 33: Job 34 Job 35 Indirect Labor Time Tickets $ 4,900 4,600 3,600 1,100 $ 14,200 Status of Job at Month-End Completed and sold i Completed, but not sold i In process The company applies overhead to products at a rate of 60 percent of direct labor cost. Required: 1. Compute the cost of Jobs 33, 34, and 35 at the end of the month. 2. Calculate the balance in the Work in Process Inventory, Finished Goods Inventory, and Cost of Goods Sold accounts at month-end

Job order cost sheets show the following costs assigned to each job: Job order cost data Job 13 Job 14 Job 15 Direct materials 1,918 3,588 1,137 Direct labor 4,388 1,978 3,794 or enent The company assigns overhead at $2.22 for each direct labor dollar spent. What is the total cost for Job 14?

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The weekly time tickets indicate the following distribution of labor hours for three direct labor employees: Hours Process Job 301 Job 302 Job 303 Improvement Landon Vincent 10 13 12 3 Fahad Hamad 11 10 16 3 Ivory Argo 13 12 13 2 The direct labor rate earned per hour by the three employees is as follows: Landon Vincent Fahad Hamad $31 34 30 Ivory Argo The process improvement category includes training, quality improvement, and other indirect tasks. Required: a. Journalize the entry on July 15 to record the factory labor costs for the week. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.

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The weekly time tickets indicate the following distribution of labor hours for three direct labor employees:   Hours       Process Job 301 Job 302 Job 303 Improvement Landon Vincent 9 15 14 2 Fahad Hamad 13 13 14 1 Ivory Argo 10 11 16 3             The direct labor rate earned per hour by the three employees is as follows: Landon Vincent $33 Fahad Hamad 36 Ivory Argo 26   The process improvement category includes training, quality improvement, and other indirect tasks. Required: a. Journalize the entry on July 15 to record the factory labor costs for the week.  b. Assume that Jobs 301 and 302 were completed but not sold during the week and that Job 303 remained incomplete at the end of the week. How would the direct labor costs for all three jobs be reflected on the financial statements at the end of the week?

Task #9:  Jobs TG1000, RW3000, and XY200 were delivered to customers during the month, sales terms n/15.  Sale price is 30% markup over cost. Job AP5000 was finished during the month.  Record journal entries: 1.To record Job XY200 and AP5000 completed 2.To record Job TG1000 and RW3000 and XY200 sold                                                         Account: Finished Goods                                 Job TG1000 Job RW3000 Total         Direct Materials $10,000  $30,000  $40,000          Direct Labor $15,000  $37,750  $52,750          Factory Overhead $4,000  $12,000  $16,000            $29,000  $79,750  $108,750                                          Account: Work in Process                                 Job XY200 Job AP5000 Total         Direct Materials $9,000  $40,000  $49,000          Direct Labor $6,000  $19,200  $25,200          Factory Overhead $5,400  $24,000  $29,400            $20,400  $83,200  $103,600