matt inc a toy manufacturing company uses job order cost cost system. factory overhead is applied at 70% of direct labor cost. during the month jobs 100, 101, and 103 were finished. jobs sold during the month were 101 and 103. complete the table and answer the questions below. Job 100: direct materials 3500, direct labor: 5500, factory overhead [a], Total cost [b], Job 101: direct materials 1800, direct labor: 1750, factory overhead: [c], Total cost: [d], job 102 direct materials 1200, direct labor: 3900, factory overhead: [e], total cost [f], job 103: direct materials 2800, direct labor: 2900, factory overhead:[g), total cost: [h], job 104: direct materials 1700, direct labor: 4800, factory overhead: [], total cost: []. Required: 1. Calculate total manufacturing costs for all jobs [k], 2 Calculate total cost for finished jobs [L], 3. calculate total cost of jobs

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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matt inc a toy manufacturing company uses job order cost cost system. factory overhead is applied at 70%
of direct labor cost. during the month jobs 100, 101, and 103 were finished. jobs sold during the month
were 101 and 103. complete the table and answer the questions below. Job 100: direct materials 3500,
direct labor: 5500, factory overhead [a], Total cost [b], Job 101: direct materials 1800, direct labor: 1750,
factory overhead: [[C), Total cost: [d], job 102 direct materials 1200, direct labor: 3900, factory overhead: [e],
total cost [f), job 103: direct materials 2800, direct labor: 2900, factory overhead:[g), total cost: [h], job 104:
direct materials 1700, direct labor: 4800, factory oerhead: [], total cost: []. Required:1. Calculate total
manufacturing costs for all jobs [k], 2 Calculate total cost for finished jobs [L], 3. calculate total cost of jobs
sold [m], 4. calculate total cost of work in progress [n]. Please show all steps. Thanks.
Transcribed Image Text:matt inc a toy manufacturing company uses job order cost cost system. factory overhead is applied at 70% of direct labor cost. during the month jobs 100, 101, and 103 were finished. jobs sold during the month were 101 and 103. complete the table and answer the questions below. Job 100: direct materials 3500, direct labor: 5500, factory overhead [a], Total cost [b], Job 101: direct materials 1800, direct labor: 1750, factory overhead: [[C), Total cost: [d], job 102 direct materials 1200, direct labor: 3900, factory overhead: [e], total cost [f), job 103: direct materials 2800, direct labor: 2900, factory overhead:[g), total cost: [h], job 104: direct materials 1700, direct labor: 4800, factory oerhead: [], total cost: []. Required:1. Calculate total manufacturing costs for all jobs [k], 2 Calculate total cost for finished jobs [L], 3. calculate total cost of jobs sold [m], 4. calculate total cost of work in progress [n]. Please show all steps. Thanks.
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