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

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