Decker Screw Manufacturing Company produces special screws made to customer specifications. During June, the following data pertained to these costs: Department Number 1 2 2 1 1 2 Department Number 1 2 1 2 1 Department Number 1 2 Summary of Direct Materials Requisitions Job Requisition Number Number Quantity 2906 B9766 4,850 2907 B9767 170 2908 B9768 1,120 2906 B9769 4,730 2908 B9770 29 Ticket Number Number Hours 2906 1056-1168 1,114 2907 2121-2130 2908 1169-1189 Summary of Direct Labor Time Tickets Job Cost per 2908 2131-1239 2906 1190-1239 148 163 44 Cost per Unit $ 1.30 22.00 822 9.00 1.31 48.00 Unit $ 6.50 9.00 6.50 9.00 6.50 Summary of Factory Overhead Application Rates Basis of Application Rates $3 per direct labor hour. 150% of direct labor cost Decker had no beginning Work-in-Process Inventory for June. Of the jobs begun in June, Job 2906 was completed and sold on account for $30,000, Job 2907 was completed but not sold, and Job 2908 was still in process.

Decker Screw Manufacturing Company produces special screws made to customer specifications. During June, the following data pertained to these costs: Department Number 1 2 2 1 1 2 Department Number 1 2 1 2 1 Department Number 1 2 Summary of Direct Materials Requisitions Job Requisition Number Number Quantity 2906 B9766 4,850 2907 B9767 170 2908 B9768 1,120 2906 B9769 4,730 2908 B9770 29 Ticket Number Number Hours 2906 1056-1168 1,114 2907 2121-2130 2908 1169-1189 Summary of Direct Labor Time Tickets Job Cost per 2908 2131-1239 2906 1190-1239 148 163 44 Cost per Unit $ 1.30 22.00 822 9.00 1.31 48.00 Unit $ 6.50 9.00 6.50 9.00 6.50 Summary of Factory Overhead Application Rates Basis of Application Rates $3 per direct labor hour. 150% of direct labor cost Decker had no beginning Work-in-Process Inventory for June. Of the jobs begun in June, Job 2906 was completed and sold on account for $30,000, Job 2907 was completed but not sold, and Job 2908 was still in process.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Letter c is the correct answer can you please elaborate it and show the solution? Thanks.
SOLVE THE SYSTEM WITH SUBSTITUTION OR ELIMINATION
Answer to Part C = 42250
Given that im) 0.1488144 and d(m) = 0.1417814, find m. 5.
State the recognition and measurement of IFRS 10 and IFRS 3
Describe about the NOL.
Apple Juice Corp plans to take up a project that will cost $150,000 of investment in Building and $80,000 in new machinery. Apple Juice Corp has already spent $8000 on research and analysis about the products that will be developed in this unit. By taking up this project, Apple Juice Corp. estimates additional cash flows of $85000 per annum for the next five years. COGS are expected to be 40% of the revenues, SG&A will be 4% of the revenues. This project will require an additional inventory of $60,000 and an increase in payables by $25000 Tax Rate is 20% The target Debt: Equity is 1:4 Cost of new debt: 6% Cost of Equity: Need to calculate using the beta of 0.9, Rf of 4%, and market risk premium of 6% The equipment that would be used has a 3-year tax life. Under the new tax law, the equipment used in the project is eligible for 100% bonus depreciation, so it will be fully depreciated at t = 0. The Salvage value of Building and Machinery after 5 years is $100,000. You, as a financial…
Section 1250 summary
E12.17
E12.4
What is cpj
E11.4