Total material cost? Premium Auto Detailing uses a job materials sheet for eachservice. Job #567 consumed: washing solution 2.5 liters at$12/liter, wax 0.8 liters at $35/liter, and microfiber clothsis total materials cost.$45 total.

Washing solution = 2.5 liters * $12/liter = $30Wax= 0.8 liters * $35/liter = $28Microfiber cloths =…

Answered: Premium Auto Detailing uses a job…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter2: Job Order Costing

Section: Chapter Questions

Problem 10E: Exotic Engine Shop uses a job order cost system to determine the cost of performing engine repair...

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eBook Show Me How Predetermined Factory Overhead Rate Turbo Shop uses job order costing to determine the cost of performing engine repair work. Estimated costs and expenses for the coming period are as follows: Engine parts $678,200 Shop direct labor 495,000 Shop and repair equipment depreciation 41,000 Shop supervisor salaries 113,900 Shop property taxes 20,700 Shop supplies 15,800 13,600 58,300 7,500 $1,444,000 Advertising expense Administrative office salaries Administrative office depreciation expense Total costs and expenses The average shop direct labor rate is $15.00 per hour. Determine the predetermined shop overhead rate per direct labor hour. Round the answer to nearest whole cent. per direct labor hour.
Preparing job order costing journal entries Journalize the following transactions for Marge’s Sofas. Explanations are not required. Incurred and paid Web site expenses, $2,000. incurred manufacturing wages of $15,000, 75% of which was direct labor and 25% of which was indirect labor. Purchased raw materials on account, $24,000. Used in production: direct materials, $7,500; indirect materials, $5,000. Recorded manufacturing overhead: depreciation on plant, $18,000; plant insurance (previously paid), $1,500; plant property tax, $3,900 (credit Property Tax Payable). Allocated manufacturing overhead to jobs, 200% of direct labor costs. Completed production on jobs with costs of $40,000. Sold inventory on account, $22,000; the cost of goods sold, $18,000. Adjusted for overallocated or under-allocated overhead.
Preparing job order costing journal entries Journalize the following transactions for Marge’s Sofas. Explanations are not required. a. Incurred and paid Web site expenses, $2,000. b. incurred manufacturing wages of $15,000, 75% of which was direct labor and 25% of which was indirect labor. c. Purchased raw materials on account, $24,000. d. Used in production: direct materials, $7,500; indirect materials, $5,000. e. Recorded manufacturing overhead: depreciation on plant, $18,000; plant insurance (previously paid), $1,500; plant property tax, $3,900 (credit Property Tax Payable). f. Allocated manufacturing overhead to jobs, 200% of direct labor costs. g. Completed production on jobs with costs of $40,000. h. Sold inventory on account, $22,000; cost of goods sold, $18,000. i. Adjusted for overallocated or underallocated overhead.
Tik Tok Company manufactures customized coffee tables. The following relates to Job No.X10, an order for 150 coffee tables:Direct materials used $22 800Direct labour hours worked 600Direct labour rate per hour $16.00Machine hours used 400Applied factory overhead rate per machine hour $30.00Required:a) What is the total manufacturing cost for Job No. X10? b) Calculate the cost per coffee table for Job No. X10? c) List two uses of this unit cost information to the managers at Tik Tok Company. please provide the proper expalnation because i have to many difficulty in this problem
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A job order cost sheet for Bramble Company is shown below. Job No. 92 For 2,000 Units Date DirectMaterials DirectLabor ManufacturingOverhead Beg. bal. Jan. 1 6,900 7,300 5,840 8 7,300 12 9,700 8,148 25 2,600 27 5,100 4,284 16,800 22,100 18,272 Cost of completed job: Direct materials $ 16,800 Direct labor 22,100 Manufacturing overhead 18,272 Total cost $ 57,172 Unit cost ($ 57,172 ÷ 2,000) $ 29 On the basis of the foregoing data, answer the following questions.(a) What was the balance in Work in Process Inventory on January 1 if this was the only unfinished job? Balance in Work in Process Inventory on January 1 $ enter the Balance in Work in Process Inventory on January 1 in dollarsenter the Balance in Work in Process Inventory on January 1 in dollars (b) If manufacturing overhead is applied on the basis of direct labor cost, what…
Designer Furniture Company manufactures designer home furniture. Designer Furniture uses a standard cost system. The direct labor, direct materials, and factory overhead standards for a finished dining room table are as follows: Line Item Description Classification Value Direct labor: standard rate $24.00 per hr. Direct labor: standard time per unit 3.50 hrs. Direct materials (oak): standard price $8.50 per bd. ft. Direct materials (oak): standard quantity 15 bd. ft. Variable factory overhead: standard rate $3.20 per direct labor hr. Fixed factory overhead: standard rate $0.80 per direct labor hr. a. Determine the standard cost per dining room table. Round to two decimal places.fill in the blank 1 of 1$ per table
Tik Tok Company manufactures customized coffee tables. The following relates to Job No.X10, an order for 150 coffee tables:Direct materials used $22 800Direct labour hours worked 600Direct labour rate per hour $16.00Machine hours used 400Applied factory overhead rate per machine hour $30.00Required:a) What is the total manufacturing cost for Job No. X10? (3 marks)b) Calculate the cost per coffee table for Job No. X10? (2 marks)c) List two uses of this unit cost information to the managers at Tik Tok Company. (2 marks)
Auto Safe's job cost sheet for Job A40 shows that the total cost to add security features to a car was $11,500. The car was delivered to the customer, who paid $16,200 cash for this job. Prepare the journal entries for Job A40 to record (a) its completion and (b) its sale. View transaction list Journal entry worksheet < 1 2 Record transfer of cost of completed job to Finished Goods. Transaction 3 Note: Enter debits before credits. Record entry General Journal Clear entry Debit Credit View general journal
Tik Tok Company manufactures customized coffee tables. The following relates to Job No. X10, an order for 150 coffee tables: Direct materials used $22 800 Direct labour hours worked 600 Direct labour rate per hour $16.00 Machine hours used 400 Applied factory overhead rate per machine hour $30.00 a) What is the total manufacturing cost for Job No. X10? b) Calculate thecost per coffee tablefor Job No. X10? c) List two uses of this unit cost information tothe managers at Tik Tok Company.
Pratice Problem 2: A company's individual job sheets show these costs: A chart showing costs for Jobs 131, 132, and 133. Direct materials is RO 4585, RO 8723, and RO 1575 respectively. Direct labor is RO2385, RO 2498, and RO 2874, respectively. Overhead is applied at 1.25 times the direct labor cost. You are required to : Prepare an entry to record the assignment of direct materials to work in process. Prepare an entry to record the assignment of direct labor to work in process. Prepare an entry to record the assignment of manufacturing overhead to work in process.

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Premium Auto Detailing uses a job materials sheet for each service. Job #567 consumed: washing solution 2.5 liters at $12/liter, wax 0.8 liters at $35/liter, and microfiber cloths is total materials cost. $45 total.