Information H Mig. s a. Purchased $100,000 of raw materials on credit. b. Materials requisitions show the following materials used for the month. Job 201 Job 202 Total direct materials Indirect materials Total materials used $48,200 23,600 71,800 8,620 $80,420 for its first month of operations follows. c. Time tickets show the following labor used for the month. Job 201 $39,200 Job 202 12,600 Total direct labor 51,800 Indirect labor 24,200 Total labor used $76,000 . Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate of 80% of direct materials cost. . Transferred Job 201 to Finished Goods Inventory. f. Sold Job 201 for $163,760 on credit. Incurred the following actual other overhead costs for the month. Depreciation of factory equipment Rent on factory building (payable) Factory utilities (payable) Expired factory insurance Total other factory overhead costs Preporo ai $32,000 500 800 3,000 $36,300 Exercise 19-6 Computing job gross profit P phoot for Job 201 and for Job 202 for the month. Use the following simplified form.

Information H Mig. s a. Purchased $100,000 of raw materials on credit. b. Materials requisitions show the following materials used for the month. Job 201 Job 202 Total direct materials Indirect materials Total materials used $48,200 23,600 71,800 8,620 $80,420 for its first month of operations follows. c. Time tickets show the following labor used for the month. Job 201 $39,200 Job 202 12,600 Total direct labor 51,800 Indirect labor 24,200 Total labor used $76,000 . Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate of 80% of direct materials cost. . Transferred Job 201 to Finished Goods Inventory. f. Sold Job 201 for $163,760 on credit. Incurred the following actual other overhead costs for the month. Depreciation of factory equipment Rent on factory building (payable) Factory utilities (payable) Expired factory insurance Total other factory overhead costs Preporo ai $32,000 500 800 3,000 $36,300 Exercise 19-6 Computing job gross profit P phoot for Job 201 and for Job 202 for the month. Use the following simplified form.

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

please provide answer with compulsory explanation , computation for each parts , steps clearly and completely answer in text form please remember need explanation and computation for every calculation
answer this with correct and complete explanation , computation for each steps clearly answer in text form
please answer with proper introduction explanation computation steps clearly and completely answer in text form
please answer this with must explanation , computation for each part and steps answer in text form
please answer with all work as explanation , computation , intermediate calculation ,formula commas ,dollar sign with steps for better understanding
please answer it with complete and correct working and steps answer in text
please provide answer with explanation , calculation and steps clearly and correctly answer in text form
please remember answer all parts with explanation , computation for all steps answer in text form and answer all or skip please provide explanation and computation for all steps clearly
Answer with correct explanation calculation clearly for all steps and answer in text form
please provide answer with compulsory explanation , computation for each parts , steps clearly and completely answer in text form attempt if you can answer all or skip
Please answer with working for this problem and with steps explanation calculation formula answer in text need complete and correct answer for better understanding
please help me provide complete and correct answer with all working for all parts answer in text please answer correct