MetroTech Solutions has finished Job 915, and the job cost sheet contains thefollowing data:.Direct materials: $4,200•Direct labor-hours: 95 labor-hours•Direct labor wage rate: $20 per labor-hour•Machine-hours: 145 machine-hoursOverhead is applied at a rate of $18 per machine-hour.A new time tracking system was used during this project to increase accuracy, butthis does not affect the cost calculation. The total cost that would be recorded onthe job cost sheet for Job 915 is:

Step 1:Direct materials: $4,200 Step 2:Direct labor: Direct labor-hours multiplied by the direct…

Answered: MetroTech Solutions has finished Job…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 2PB: Rulers Company is a neon sign company that estimated overhead will be $60,000, consisting of 1,500...

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The total cost that would be recorded on the job cost sheet for job 910 would be__.
Clemens Cars’s job cost sheet for Job A40 shows that the cost to add security features to a car was $10,500. The car was delivered to the customer, who paid $14,900 in cash for the added features. What journal entries should Clemens record for the completion and delivery of Job A40?
MyGame Station Sdn Bhd makes gaming devices using latest automated technology. The company uses a job-order costing system and applies manufacturing overhead cost to products on the basis of machine hours. The following estimates were used in preparing the predetermined overhead rate at the beginning of the year: Machine hours 22,500 Manufacturing overhead cost RM320,000 During the year 2020, a surplus of gaming devices on the market resulted in cutting back production. The company’s cost records revealed the following actual cost and operating data for the year: Machine hours 25,000 Manufacturing overhead cost RM385,000 Inventories at year-end: Raw Materials RM12,000 Work in process (includes overhead applied of RM12,000) RM40,000 Finished goods (includes overhead applied of RM40,000) RM150,000 Cost of goods sold (includes overhead applied of RM152,000) RM400,000 REQUIRED: Compute the predetermined…
Job 910 was recently completed. The following data have been recorded on its job cost sheet: Direct materials $ $ 3,193 Direct labor-hours 21 labor-hours Direct labor wage rate $ 12 per labor-hour Machine-hours 166 machine-hours The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $15 per machine-hour. The total cost that would be recorded on the job cost sheet for Job 910 would be: Multiple Choice $3,220 $3,760 $5,935 $3,445
Stanford Manufacturing recently completed Job 842, and the following data have been recorded on its job cost sheet: • Direct materials: $3,675 • Direct labor-hours: 82 labor-hours . • Direct labor wage rate: $22 per labor-hour Machine-hours: 150 machine-hours Stanford Manufacturing applies overhead based on machine hours at a predetermined overhead rate of $25 per machine hour. In addition, they had a safety inspection on site during the job completion. The total cost that would be recorded on the job cost sheet for Job 842 is a. $8,950 ww b. $9,175 w
Rulers Company is a neon sign company that estimated overhead will be $60,000, consisting of 1,500 machine hours. The cost to make Job 416 is $95 in neon, 15 hours of labor at $13 per hour, and five machine hours. During the month, it incurs $95 in indirect material cost, $130 in administrative labor, $320 in utilities, and $350 in depreciation expense. What is the predetermined overhead rate if machine hours are considered the cost driver? What is the cost of Job 416? What is the overhead incurred during the month?
Compute the total job cost for each of the following scenarios: a. If the direct labor cost method is used in applying factory overhead and the predetermined rate is 100%, what amount should be charged to Job 2010 for factory overhead? Assume that direct materials used totaled 5,000 and that the direct labor cost totaled 3,200. b. If the direct labor hour method is used in applying factory overhead and the predetermined rate is 10 an hour, what amount should be charged to Job 2010 for factory overhead? Assume that the direct materials used totaled 5,000, the direct labor cost totaled 3,200, and the number of direct labor hours totaled 250. c. If the machine hour method is used in applying factory overhead and the predetermined rate is 12.50 an hour, what amount should be charged to Job 2010 for factory overhead? Assume that the direct materials used totaled 5,000, the direct labor cost totaled 3,200, the direct labor hours were 250 hours, and the machine hours were 295 hours.

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