3. Prepare a schedule of unfinished jobs to support the balance in the work in process account. S » Accountin iestion Hildreth Company Schedule of Unfinished Jobs retn Company Materials purch Materials requ Job Direct Materials Direct Labor Factory Overhead Total Job No. 10000$1,1 TO $ 101 102 Balance of Work in Process, April 30 103 104 $4 05 4. Prepare a schedule of completed jobs on hand to support the balance in the finished good 06 or gen actor epre ne fa Hildreth Company Schedule of Completed Jobs Job Direct Materials Direct Labor Factory Overhead Total $4 6. EX.02.15.ALGO (Algorithmic) $. %24 %24 %24 %24 %24 %24 %24 %24

3. Prepare a schedule of unfinished jobs to support the balance in the work in process account. S » Accountin iestion Hildreth Company Schedule of Unfinished Jobs retn Company Materials purch Materials requ Job Direct Materials Direct Labor Factory Overhead Total Job No. 10000$1,1 TO $ 101 102 Balance of Work in Process, April 30 103 104 $4 05 4. Prepare a schedule of completed jobs on hand to support the balance in the finished good 06 or gen actor epre ne fa Hildreth Company Schedule of Completed Jobs Job Direct Materials Direct Labor Factory Overhead Total $4 6. EX.02.15.ALGO (Algorithmic) $. %24 %24 %24 %24 %24 %24 %24 %24

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Description: 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account.S » AccountiniestionHildreth CompanySchedule of Unfinished Jobsretn CompanyMaterials purchMaterials requJobDirect Materials Direct Labor Factory Overhead

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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I think I'm doing this wrong but for unfinished jobs do I not add materials, labor, and overhead and the subtract the completed jobs from it?
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خدمات التعلم الإلكتروني SQU PORTAL ATTENDANCE SQU E 0.30:52 Royal Furniture Co. uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on total estimated manufacturing overhead cost of $760,000 and 40,000 machine-hours. The job sheet of Job F2412 shows that the number of units produced in this job order is 25 units. This job required 225 machine- hours and incurred direct materials cost of $350 and direct labor costs of $1.250. The unit product cost for Job F2412 is approximately aibi 27 إنهاء الم None of the given answers .a $475b O $83 C $73 d $235
Selected accounts with a credit amount omitted are as follows Work in Process Apr. 1 Balance 7,000 Apr. 30 Goods finished X 30 Direct materials 61,300 30 Direct labor 190,800 30 Factory overhead 57,240 Finished Goods Apr. 1 Balance 16,000 30 Goods finished 307,800 What was the balance of Work in Process as of April 30?
3. Prepare a schedule of unfinished jobs to support the balance in the work in process account. Hildreth Company Schedule of Unfinished Jobs Direct Factory Job Direct Labor Total Materials Overhead No. 104 No. 106 Balance of Work in Process, April 30 4. Prepare a schedule of completed jobs on hand to support the balance in the finished goods account. Hildreth Company Schedule of Completed Jobs Direct Factory Job Direct Labor Total Materials Overhead Finished Goods, April 30 (Job 103) V $
A job cost sheet for Ivanhoe Company is shown below. Job No. 92 Date Beginning Balance January 1 Direct labour 8 Total cost 32°C 12 Cost of completed job: Direct materials 25 27 Manufacturing overhead Direct Materials Unit cost ($43,200 + 2,000) $3,980 6,030 2,410 12,420 Direct Labour $5,900 8,890 4,010 18,800 For 2,000 Units Manufacturing Overhead $2,950 6,223 2,807 11,980 $12,420 18,800 11,980 $43,200 $21.60
Selected accounts with some amounts omitted are as follows: Work in Process Oct. 1 Balance 24,100 Oct. 31 Goods finished 31 Direct materials 90,700 31 Direct labor 160,500 31 Factory overhead Finished Goods Oct. 1 Balance 12,000 31 Goods finished 333,200 If the balance of Work in Process on October 31 is $199,000, what was the amount of factory overhead applied in October? Oa. $160,500 b. $256,900 Oc. $383,600 Od. $90,700
Problem 3 J.A.N., Inc. uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of P 3,500 and two jobs in process, Job No. 101 P2,000 and Job 102 P1,500. During May, a summary of source documents reveals the following. Materials Labor Job Number 101 Requisition Slips P 2,500 3,500 4,600 Time Tickets P 2,900 102 h3,000 103 5.800 P 11,700 1,200 P 12,900 J.A.N Company applies manufacturing overhead to jobs at an overhead rate of 80% of direct labor cost. Job No. 101 is completed during the month. 10,600 800 P 11.400 Generah use Total Instructions: 1. Prepare summary journal entries to record a) The requisition slips b) The time tickets c) The completion of Job No 101
Selected accounts with some amounts omitted are as follows: Work in Process Date Transaction Debit amount Date Transaction Credit amount Aug. 1 Balance 279, 100 Aug. 31 Goods finished 190, 700 31 Direct materials X 31 Direct labor 47, 400 31 Factory overhead X Factory Overhead Date Transaction Debit amount Date Transaction Credit amount Aug. 1-31 Costs incurred 113,000 Aug. 1 Balance 12, 100 31 Applied X If the balance of Work in Process on August 31 is $196, 400, what was the amount debited to Work in Process for factory overhead in August, assuming a factory overhead rate of 30% of direct labor costs? a. $190, 700 b. $12, 100 c. $113, 000 d. $14, 220
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Selected accounts with a credit amount omitted are as follows Work in Process Apr. 1 Balance 6,600 Apr. 30 Goods finished X 30 Direct materials 69,800 30 Direct labor 193,900 30 Factory overhead 58,170 Finished Goods Apr. 1 Balance 15,600 30 Goods finished 307,900 What was the balance of Work in Process as of April 30? a.$58,170 b.$15,600 c.$20,570 d.$307,900