Job 13-43Job 13-44 Job 13-45Job 13-46Balance, July 124,900%2419,8002,900Direct materials5,8009,90013,2009,500Direct labor cost8101,0801,560130Materials handling1,1071,18181298Engineering462684393308Other overhead5,0226,6969,672806Total38,10139,34128,53710,8423. Calculate the balance in Work in Process on July 31.39,3794. Calculate the cost of goods sold for July.77,4425. What if Job 13-46 required no engineering change orders? What is the difference in the new cost of Job 13-46?How would the cost of the other jobs be affected? Job Costs Using Activity-Based CostingHeitger Company is a job-order costing firm that uses activity-based costing to apply overhead to jobs. Heitger identified three overhead activities andrelated drivers. Budgeted information for the year is as follows:ActivityCostDriverAmount of DriverMaterials handling$110,700 Number of moves4,500Engineering153,900 Number of change orders9,000Other overhead310,000 Direct labor hours50,000Heitger worked on four jobs in July. Data are as follows:Job 13-43Job 13-44Job 13-45Job 13-46Beginning balance$24,900$19,800$2,900$0Direct materials$5,800$9,900$13,200$9,500Direct labor cost$810$1,080$1,560$130Job 13-43Job 13-44Job 13-45Job 13-46Number of moves4548334Number of change orders27402318Direct labor hours8101,0801,560130By July 31, Jobs 13-43 and 13-44 were completed and sold. Jobs 13-45 and 13-46 were still in process.Required:

We shall answer sub-part 5 as it has been left blank.

Job 13-43 Job 13-44 Job 13-45 Job 13-46 Balance, July 1 24,900 19,800 2,900 Direct materials 5,800 9,900 13,200 9,500 Direct labor cost 810 1,080 1,560 130 Materials handling 1,107 1,181 812 98 Engineering 462 684 393 308 Other overhead 5,022 6,696 9,672 806 Total 38,101 39,341 28,537 10,842 3. Calculate the balance in Work in Process on July 31. 39,379 4. Calculate the cost of goods sold for July. 77,442 5. What if Job 13-46 required no engineering change orders? What is the difference in the new cost of Job 13-46? How would the cost of the other jobs be affected?

Job 13-43 Job 13-44 Job 13-45 Job 13-46 Balance, July 1 24,900 19,800 2,900 Direct materials 5,800 9,900 13,200 9,500 Direct labor cost 810 1,080 1,560 130 Materials handling 1,107 1,181 812 98 Engineering 462 684 393 308 Other overhead 5,022 6,696 9,672 806 Total 38,101 39,341 28,537 10,842 3. Calculate the balance in Work in Process on July 31. 39,379 4. Calculate the cost of goods sold for July. 77,442 5. What if Job 13-46 required no engineering change orders? What is the difference in the new cost of Job 13-46? How would the cost of the other jobs be affected?

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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