JPE Corporation has a job order cost systom. JPE appliesoverhoad to production at a prodotorminod ovorhead rate of90% based on the diroct labor cost Job # 123, the only job still inprocess at the end of November 2020, has beon charged withfactory overhead of P2250 The following debits (credits)appeared in the general ledger account work-in-process for themonth of NovemberNovomber 1 balancoP12,000November 30 diroct materials40,000Novomber 30 diroct labor30,000November 30 factory ovorhoad27,000Novomber 30 to finished goods(100,000)What is the amount of direct labor chargod to Job # 123 as at theend of November 2020?Soloct one:A PO 000B.P.2.250C P4250DP2600

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Description: JPE Corporation has a job order cost systom. JPE appliesoverhoad to production at a prodotorminod ovorhead rate of90% based on the diroct labor cost Job # 123, the only job still inprocess at the end of November 2020, has beon charged withfactory ov

The amount to be charged to job #123 include: material cost, labor cost and overhead cost. Overhead…

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JPE Corporation has a job order cost systom. JPE applies overhoad to production at a prodotorminod ovorhead rate of 00X based on the diroct labor cost Job # 123 the only job still in procoss at the ond of Novomber 2020, has boon chargod with factory overhead of P2250 Tho following dobits (credits) appeared in the goneral ledgor account work-in-process for the month of November. Novomber 1 balanco P12,000 November 30 diroct materials 40,000 Novomber 30 diroct labor 30.000 November 30 factory ovorhoad 27,000 Novomber 30 to finishod goods (100,000) What is the amount of direct labor chargod to Job # 123 as at the end of November 2020? Soloct one: A PO 000 BP2.250 C P4250 D PG00

JPE Corporation has a job order cost systom. JPE applies overhoad to production at a prodotorminod ovorhead rate of 00X based on the diroct labor cost Job # 123 the only job still in procoss at the ond of Novomber 2020, has boon chargod with factory overhead of P2250 Tho following dobits (credits) appeared in the goneral ledgor account work-in-process for the month of November. Novomber 1 balanco P12,000 November 30 diroct materials 40,000 Novomber 30 diroct labor 30.000 November 30 factory ovorhoad 27,000 Novomber 30 to finishod goods (100,000) What is the amount of direct labor chargod to Job # 123 as at the end of November 2020? Soloct one: A PO 000 BP2.250 C P4250 D PG00

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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XYZ Equipment In. receives order from Shiraz Consultant Clinic on 15th August. The company started its production on 18th of August and completed in 25th of August. The company collects its cost and revenue data by the job order cost accumulation procedure. For job number 505, the following data are available: Direct material Direct Labor FOH-Applied Date REQ. NO: Amount Rs. Date Hours Cost Rs. Rs. 30 for each direct labor hours 8/18 400 4000 8/18 30 600 ? 8/19 600 6000 8/19 40 800 8/25 1000 10000 8/21 35 700 Total 20000 8/23 50 1000 8/25 60 1200 Total 4300 Other Information: Total Sales are 30% above cost. Marketing and selling expenses Rs. 1000 Administrativeexpenses 1500. Required Enter the appropriate information on a job order cost sheet. for material, direct labor and FOH applied
Company XYZ applies overhead cost to jobs on the basis of direct labor cost Job A, which was started and completed during the current period, shows charges of $15,000 for direct materials, $13,000 for direct labor, and $26,000 for overhead on its job cost sheet Job B, which is still in process at year-end, shows charges of $12,400 for direct materials and $24.000 for applied overhead. Deect ubor cost of lob B at year end is Select one a None of the arswers given b. $11,000 C $36,400 Od $13,000 e $12,000
Why was 66.66% was used in question h instead of 33.33%
XYZ Equipment In. receives order from Shiraz Consultant Clinic on 15th August. The company started its production on 18th of August and completed in 25th of August. The company collects its cost and revenue data by the job order cost accumulation procedure. For job number 505, the following data are available: Direct material Direct Labor FOH-Applied Date REQ. NO: Amount Rs. Date Hours Cost Rs. Rs. 30 for each direct labor hours 8/18 400 4000 8/18 30 600 ? 8/19 600 6000 8/19 40 800 8/25 1000 10000 8/21 35 700 Total 20000 8/23 50 1000 8/25 60 1200 Total 4300 Other Information: Total Sales are 30% above cost. Marketing and selling expenses Rs. 1000 Administrativeexpenses 1500. Required Enter the appropriate information on a job order cost sheet.
TB MC Qu. 15-121 (Algo) Oxford Company uses a job order... Oxford Company uses a job order costing system. In the last month, the system accumulated labor time tickets totaling $25,500 for direct labor and $5,200 for indirect labor. The journal entry to record indirect labor consists of a: Multiple Choice Debit Factory Overhead $5,200; credit Factory Wages Payable $5,200. Debit Factory Overhead $5,200; credit Work in Process Inventory $5,200. Debit Work in Process Inventory $5,200; credit Factory Wages Payable $5,200. Debit Work in Process Inventory $25,500; credit Factory Wages Payable $25,500. Debit Factory Wages Payable $5,200; credit Cash $5,200.
Build Company is a manufacturing company and uses job order costing system. At the beginning of 2022, there were no jobs in process, but the following costs were incurred during the year: Job A Job B Job C Direct materials 10,000 20,000 15,000 Direct labor 5,000 4,000 2,500 Build Company also estimated in 2022 an overhead in the amount of P300,000 and direct labor cost in the amount of P150,000. Actual overhead incurred for the year was P24,000. It was the company's policy to apply overhead into production based on direct labor costs. At the end of the year, only Jobs A and C were completed. What is the ending work-in process? a. 48,000 b. 24,000 с. 32,000 d. 40,000 a b d
Assume that a company pays a 5% sales commission. Also, assume (1) a company's plantwide predetermined overhead rate is $13.00 per direct labor-hour, and (2) its job cost sheet for Job X shows that this job used 18 direct labor-hours and incurred direct materials and direct labor charges of $500 and $360, respectively. What is the total cost of Job X? O $1,105.70 O $734.00 O $1148.70 O $1094.00
XYZ Equipment In. receives order from Shiraz Consultant Clinic on 15th August. The company started its production on 18th of August and completed in 25th of August. The company collects its cost and revenue data by the job order cost accumulation procedure. For job number 505, the following data are available Direct material Direct Labor FOH-Applied Date REQ. NO: Amount Rs. Date Hours Cost Rs. Rs. 30 for each direct labor hours 8/18 400 4000 8/18 30 600 ? 8/19 600 6000 8/19 40 800 8/25 1000 10000 8/21 35 700 Total 20000 8/23 50 1000 8/25 60 1200 Total 4300
based on the attached what is the answer?