3)The following information is available for completed Job No. 402 Direct materials, $170000; direct labor,$230000; manufacturing overhead applied, S160000; units produced, 5000 units; units sold, 4000 units.The cost of the finished goods on hand from this job isa) $448000.b) $560000.C) $80000.d) $112000.

Name: 3)The following information is available for completed Job No. 402 Di
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Description: 3)The following information is available for completed Job No. 402 Direct materials, $170000; direct labor,$230000; manufacturing overhead applied, S160000; units produced, 5000 units; units sold, 4000 units.The cost of the finished goods on hand fr

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3)The following information is available for completed Job No. 402: Direct materials, $170000; direct labor, $230000; manufacturing overhead applied, $160000; units produced, 5000 units; units sold, 4000 units. The cost of the finished goods on hand from this job is a) $448000. b) $560000. C) S80000. d) $112000.

3)The following information is available for completed Job No. 402: Direct materials, $170000; direct labor, $230000; manufacturing overhead applied, $160000; units produced, 5000 units; units sold, 4000 units. The cost of the finished goods on hand from this job is a) $448000. b) $560000. C) S80000. d) $112000.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The total cost of materials, labor, and overhead assigned to a job was $603. Company D transferred this job to its finished goods warehouse. Make the necessary journal entry to record this transaction.
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In the manufacture of 9,400 units of a product, direct materials cost incurred was $177,400, direct labor cost incurred was $106,100, and applied factory overhead was $43,600. What is the total conversion cost? Oa..$149,700 Ob. $327,100 Oc. $43,600 Od. $177,400
O'Leary Corporation manufactures special purpose portable structures (huts, mobile offices, and so on) for use at construction sites. It only builds to order (each unit is bult to customer specifications). O'Leary uses a normal job costing system. Direct labor at O'Leary Iis pald $26 per hour, but the employees are not pald If they are not working on Jobs. Manufacturing overhead Is assigned to Jobs by a predetermined rate on the basis of direct labor-hours. The company Incurred manufacturing overhead costs during two recent years (adjusted for price-level changes using current prices and wage rates) as follows. Skipped Year 1 Year 2 Direct labor-hours worked 68, 800 55,800 Manufacturing overhead costs incurred Indirect labor $2,832,000 1,032,000 Employee benefits Supplies $2,232,000 837,000 558, 000 540, 000 688,000 Power 645, eee Heat and light Supervision Depreciation 141,600 661,650 2,036, 580 s05, 250 141,600 781,470 2,036,500 Property taxes and insurance 787,430 Total…
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! Required information Use the following information to answer questions. (Algo) [The following information applies to the questions displayed below.] The following information is available for ADT Company, which produces special-order security products and uses a job order costing system. Overhead is applied using a predetermined overhead rate of 55% of direct labor cost. Beginning of period $ 45,000 9,600 68,000 End of Period Inventories Raw materials Work in process Finished goods $ 45,000 19,000 33,500 Cost incurred for the period Raw materials purchases Factory payroll Factory overhead (actual) Indirect materials used Indirect labor used Other overhead costs $ 178,000 250,000 9,000 57,500 115,500 Exercise 15-13 (Algo) Recording materials; direct and indirect LO P1, P3 1. Raw materials purchases for cash. 2. Direct materials used. 3. Indirect materials used. Prepare journal entries for the above transactions for the period. X Answer is not complete. No Transaction General Journal…