eBook Pri Question 5 Incorrect Mark 0.00 out of 10.00 Preparing a Job Order Cost Sheet Flag question Riverwood Accounting Company has the following account in its cost records: Work in Process-Jones Audit Direct labor 20,000 Services completed 42,253 Project overhead 27,000 Riverwood applies overhead to projects at a predetermined rate based on direct labor costs. Assume that Riverwood uses a job order costing system and that Jones Audit is the only job in process at the end of the period. Complete the following cost sheet for services still in process for Jones Audit. Job Order Cost Sheet Jones Audit (Services in Process) Direct labor Project overhead Total cost $ 20,000 x 27,000 x $ 47,000 x
eBook Pri Question 5 Incorrect Mark 0.00 out of 10.00 Preparing a Job Order Cost Sheet Flag question Riverwood Accounting Company has the following account in its cost records: Work in Process-Jones Audit Direct labor 20,000 Services completed 42,253 Project overhead 27,000 Riverwood applies overhead to projects at a predetermined rate based on direct labor costs. Assume that Riverwood uses a job order costing system and that Jones Audit is the only job in process at the end of the period. Complete the following cost sheet for services still in process for Jones Audit. Job Order Cost Sheet Jones Audit (Services in Process) Direct labor Project overhead Total cost $ 20,000 x 27,000 x $ 47,000 x
Chapter1: Financial Statements And Business Decisions
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Question 5 Incorrect Mark 0.00 out of 10.00
Preparing a Job Order Cost Sheet
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Riverwood Accounting Company has the following account in its cost records:
Work in Process-Jones Audit
Direct labor 20,000 Services completed 42,253
Project overhead 27,000
Riverwood applies overhead to projects at a predetermined rate based on direct labor costs. Assume that Riverwood uses a job order costing system and that Jones Audit is the only job in process at the end of the period.
Complete the following cost sheet for services still in process for Jones Audit.
Job Order Cost Sheet
Jones Audit (Services in Process)
Direct labor
Project overhead
Total cost
$
20,000 x
27,000 x
$
47,000 x
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