Crystal Waters Pool Service uses job costing. For Job #789, they recorded: direct materials $8,400, direct labor 120 hours at $35/hour, and overhead applied at 85% of direct labor cost. Give the total job cost.
Q: What is the full cost per unit?
A: Explanation of Full Cost: Full cost represents the total expense of producing and selling a unit,…
Q: Solve these general accounting problem do fast
A: Step 1: Return on equity can be calculated by dividing the Net income available to common…
Q: On January 10 Kim Sharon uses her Carla Vista Co. credit card to purchase merchandise from Carla…
A: Step 1:January 10: Journal entry for sales Debit accounts receivable account with $2,500 for sales…
Q: Accounting Question 5-16
A: Explanation of Fixed Costs:Fixed costs are the expenses that do not change with the level of…
Q: Question 3 Altar Company uses the indirect method to prepare its statement of cash flows. Please…
A: Explained Above.
Q: Please provide this question solution general finance....
A: To determine how many units Siverquick needs to sell to achieve a target income of $60,000, we use…
Q: Please give me answer general accounting
A: Calculations:Beta:We can use the Capital Asset Pricing Model (CAPM) to calculate the beta:Expected…
Q: In business goodwill is: combinations under common control, a) Calculated as in regular business…
A: Option a: Calculated as in regular business combinationsThis option is incorrect because, in…
Q: (24) A furniture company reports these data: Price per unit: $30 • Variable cost per unit: $15 •…
A: Step 1: Identify the Price per Unit, Variable Cost per Unit and Fixed CostStep 2: Calculate the…
Q: Provide this question solution general finance
A: Step 1: Define Profit MarginThe profit margin is an essential financial performance indicator…
Q: Please give me answer Financial Accounting.......
A: Step 1: Define Rate of ReturnThe rate of return is used to compare investment alternatives. It shows…
Q: I want answer. Help me
A: Explanation of Contribution Margin: Contribution margin is the difference between total sales…
Q: P9.3 (LO 1, 5) (Classification of Acquisition Costs) Selected accounts included in the property,…
A: Balance at December 31, 2025Land $680,000Land Improvements $235,000Buildings…
Q: General Accounting Question of the Higher fill Answer
A: Approach to solving the question: Data: Actual Quantity = 29,000Standard Quantity= 32,000 ->…
Q: Solve this Question step by step
A: Explanation of Direct Material (DM): A manufacturing cost component that becomes part of the…
Q: Get correct answer general accounting
A: Step 1: Define Allowance for Doubtful AccountsIn accounting, the allowance for doubtful accounts is…
Q: 3) Why do companies use a predetermined overhead rate to assign overhead to products rather than…
A: Why Other Options Are Wrong: "Because actual overhead costs are paid sporadically, whereas products…
Q: Surdas Corporation
A: Step 1:Degree of operating leverage (DOL): It is a multiple that measures the degree to which a…
Q: Don't use ai to answer I will report you answer
A: Adjusted Basis to Father: $40,000Fair Market Value at Gift: $30,000Sale Price: $45,000 Scenario…
Q: Provide correct answer for this accounting question do fast and step by step calculation with…
A: Step 1: Define Trade-in AllowanceTrade-in Allowance refers to a certain decrease in the price of a…
Q: Financial Accounting
A: Step 1: Define Common Stock ValuationThe fundamental value of common stock for a firm can be…
Q: The four people below have the following investments. Invested Amount Interest Rate Compounding…
A: The future value (FV) of an investment is calculated using the formula:FV = PV * (1 + r/n)ntWhere:PV…
Q: ANSWER
A: Explanation of Contractual Service Margin (CSM):The Contractual Service Margin represents the…
Q: Which cost is classified as a product cost?
A: Explanation of Product Cost: Product costs are those costs that are directly involved in…
Q: Need help with this accounting question
A: Step 1: Define AssetThe fixed assets are used by a company for a long period of time. The fixed…
Q: None
A: Requirement 1: To get the estimated sales per quarter, simply multiply the selling price and the…
Q: Please assistance to give step by step guidiance with explnation. QN 3 & 4
A: Question 4: MRP and Inventory ManagementThis question focuses on Material Requirements Planning…
Q: Financial Accounting
A: Step 1: Define Profit MarginThe profit margin ratio measures how effectively a company manages their…
Q: What is the price of the stock on these accounting question?
A: PriceofStock=EarningsPerShare(EPS)×Price−to−Earnings(P/E)RatioGiven:EPS = $3.39P/E Ratio =…
Q: General Accounting Question please answer
A: Step 1: Define Direct MaterialThe supplies and materials used in producing a product directly…
Q: Need General Accounting Questions Solution provide the Correct answer what is final Answer
A: Step 1: Define Average Accounts ReceivableAverage accounts receivable refers to the amount of…
Q: Need help with this accounting question Do not use Ai
A: Step 1: Define Asset Turnover Ratio and Return in InvestmentsThe assets turnover ratio reflects the…
Q: Get correct answer accounting
A: Step 1: Define Debt-equity RatioIn accounting and finance, the debt-to-equity ratio refers to a…
Q: General accounting Based on these data, calculate starlight company's return on stockholders equity
A: Return on Stockholders' Equity (ROE)To calculate the Return on Stockholders' Equity (ROE), the…
Q: Financial Accounting Question need answer do fast
A: Step 1: Define Evaluating ProfitabilityAnalysts for financial statements find that using…
Q: Allison Corporation acquired all of the outstanding voting stock of Mathias, Incorporated, on…
A:
Q: Give me answer
A: DefinitionsAsset Retirement Obligations (ARO):Asset retirement obligations (ARO) are legal or…
Q: Detailed Answer: accounting Question
A: As your new Customer Service Manager, I am committed to leading from a place of integrity, or at…
Q: 'Question' general accounting
A: Explanation of FVTPL (Fair Value Through Profit or Loss): FVTPL is a classification category for…
Q: Need Accurate answer
A: Explanation of Systematic Allocation Principle:The systematic allocation principle refers to the…
Q: What are the net sales on these accounting question?
A: Step 1: Define SaleSale is selling the goods to the customers, There are two types of sale. One is a…
Q: Need answer the accounting question not use ai
A: Step 1:Computation of the sum of the returns over four successive years: Sum of the returns = 15% +…
Q: Please provide answer the accounting question Do fast and step by step calculation with explanation
A: Step 1: Define Fixed CostsA fixed costs is one that is incurred by virtue of being in business and…
Q: Hello tutor provide answer this accounting question not use ai
A: Step 1: Define AssetsIn accounting, assets serve as the primary resources used in business…
Q: Need General Accounting Questions Solution provide the Correct answer what is final Answer
A: Step 1: Define Bank Reconciliation StatementA bank reconciliation consists of two parts; in the…
Q: What would be the amount debited to the work in process Inventory on these accounting question?
A: Step 1: Define Predetermined Overhead RatesThe manufacturing overhead cost debited to…
Q: General Accounting Question please answer do fast
A: Step 1: Define Itemized deductionItemized deduction is a kind of deduction provided by the…
Q: Profitability Ratios Bell Corporation operates in the highly competitive consulting industry.…
A: Step 1: Given Value for Calculation Common stock (12/31/2025) = cs25 = $280,000 Common stock…
Q: Do fast and step by step calculation with explanation for this accounting question
A: Step 1: Define Cost AllocationIn cost accounting, support costs could be allocated to the production…
Q: General Accounting
A: Step 1: Define Non-cumulative Preferred StocksThe type of preference shares that carry a definite…
?
Step by step
Solved in 2 steps
- Exotic Engine Shop uses a job order cost system to determine the cost of performing engine repair work. Estimated costs and expenses for the coming period are as follows: The average shop direct labor rate is 37.50 per hour. Determine the predetermined shop overhead rate per direct labor hour.Job order cost sheets show the following costs assigned to each job: The company assigns overhead at $1.25 for each direct labor dollar spent. What is the total cost for each of the jobs?Rulers Company is a neon sign company that estimated overhead will be $60,000, consisting of 1,500 machine hours. The cost to make Job 416 is $95 in neon, 15 hours of labor at $13 per hour, and five machine hours. During the month, it incurs $95 in indirect material cost, $130 in administrative labor, $320 in utilities, and $350 in depreciation expense. What is the predetermined overhead rate if machine hours are considered the cost driver? What is the cost of Job 416? What is the overhead incurred during the month?
- Inez has the following information relating to Job AA5. Direct material cost was $200,000, direct labor was $36,550, and overhead applied on the basis of direct labor hours was $73,100. What was the predetermined overhead rate using the labor rate of $17 per hour?Compute the total job cost for each of the following scenarios: a. If the direct labor cost method is used in applying factory overhead and the predetermined rate is 100%, what amount should be charged to Job 2010 for factory overhead? Assume that direct materials used totaled 5,000 and that the direct labor cost totaled 3,200. b. If the direct labor hour method is used in applying factory overhead and the predetermined rate is 10 an hour, what amount should be charged to Job 2010 for factory overhead? Assume that the direct materials used totaled 5,000, the direct labor cost totaled 3,200, and the number of direct labor hours totaled 250. c. If the machine hour method is used in applying factory overhead and the predetermined rate is 12.50 an hour, what amount should be charged to Job 2010 for factory overhead? Assume that the direct materials used totaled 5,000, the direct labor cost totaled 3,200, the direct labor hours were 250 hours, and the machine hours were 295 hours.Job order cost sheets show the following costs assigned to each job: The company assigns overhead at twice the direct labor cost. What is the total cost for each job?
- Channel Products Inc. uses the job order cost system of accounting. The following is a list of the jobs completed during March, showing the charges for materials issued to production and for direct labor. Assume that factory overhead is applied on the basis of direct labor costs and that the predetermined rate is 200%. Required: Compute the amount of overhead to be added to the cost of each job completed during the month. Compute the total cost of each job completed during the month. Compute the total cost of producing all the jobs finished during the month.Lucy Sportswear manufactures a specialty line of T-shirts using a job order cost system. During March, the following costs were incurred in completing Job ICU2: direct materials, 13,700; direct labor, 4,800; administrative, 1,400; and selling, 5,600. Factory overhead was applied at the rate of 25 per machine hour, and Job ICU2 required 800 machine hours. If Job ICU2 resulted in 7,000 good shirts, the cost of goods sold per unit would be: a. 5.70. b. 6.50. c. 5.50. d. 6.30.Barnes Company uses a job order cost system. The following data summarize the operations related to production for October: a. Materials purchased on account, 315,500. b. Materials requisitioned, 290,100, of which 8,150 was for general factory use. c. Factory labor used, 489,500 of which 34,200 was indirect. d. Other costs incurred on account for factory overhead, 600,000; selling expenses, 150,000; and administrative expenses, 100,000. e. Prepaid expenses expired for factory overhead were 18,000; for selling expenses, 6,000; and for administrative expenses, 5,000. f. Depreciation of office building was 30,000; of office equipment, 7,500; and of factory equipment, 60,000. g. Factory overhead costs applied to jobs, 711,600. h. Jobs completed, 1,425,000. i. Cost of goods sold, 1,380,000. Instructions Journalize the entries to record the summarized operations.
- Gerken Fabrication Inc. uses the job order cost system of accounting. The following information was taken from the companys books after all posting had been completed at the end of March: a. Compute the total production cost of each job. b. Prepare the journal entries to charge the costs of materials, labor, and factory overhead to Work in Process. c. Prepare the journal entry to transfer the cost of jobs completed to Finished Goods. d. Compute the unit cost of each job. e. Compute the selling price per unit for each job, assuming a mark-on percentage of 50%.Nutts management is very concerned about the cost of overhead on its jobs. When jobs are complete, overhead costs should be between 15% and 20% of total costs. For example, the labor cost on Job 8958 is 25% of total costs, higher than the norm. Open Job 8961 and click the Chart sheet tab. A pie chart appears showing the cost components on that job. Record the labor cost percentage in the space provided. Repeat this for each of the jobs worked on in August. Did Nutt maintain good cost control on all its jobs? Explain. Worksheet. During September, Job 8963 required two additional material requisitions to complete the job. Open JOB8963 and modify the job cost sheet to include an area for four direct material requisition entries instead of three. Then enter the following two materials requisitions onto the worksheet: Preview the printout to make sure it will print neatly on one page, and then print the worksheet. Save the completed worksheet as JOBT. Chart. Open JOB8964 and click the Chart sheet tab. Prepare a bar chart for JOB8964 showing the amount of material, labor, and overhead required to complete the job. Use the Chart Data Table found in rows 4246 as a basis for preparing the chart. Enter your name somewhere on the chart. Save the file again as J0B8964. Print the chart.Leen Production Co. uses the job order cost system of accounting. The following information was taken from the companys books after all posting had been completed at the end of May: a. Compute the total production cost of each job. b. Prepare the journal entry to transfer the cost of jobs completed to Finished Goods. c. Compute the selling price per unit for each job, assuming a mark-on percentage of 40%. d. Prepare the journal entries to record the sale of Job 1065.
