QUESTION 28Rotel has 2 jobs completed at the end of the year. There is 1 factory-wide POHR used at Rotel based on direct material dollars. Job ABS1 has reported:$3,000 direct labor54 direct labor hours$4500 direct materials$3,150 applied overheadJob #4C2 has reported:$6,100 in direct labor108 direct labor hours$6,000 direct materialsWhat is the amount of overhead applied to Job #4C2?$6,300$1,260$4,200$6,500QUESTION 29During October, Dorinirl Corporation incurred $25,000 of direct material costs and $5,000 of indirect materials costs. The journal entry to record these materialswould include a:O credit to Manufacturing Overhead $25,000O credit to Work in Process of $25,000O debit to Work in Process of $25,000O debit to Manufacturing Overhead $25,000

Name: QUESTION 28Rotel has 2 jobs completed at the end of the year. There i
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: QUESTION 28Rotel has 2 jobs completed at the end of the year. There is 1 factory-wide POHR used at Rotel based on direct material dollars. Job ABS1 has reported:$3,000 direct labor54 direct labor hours$4500 direct materials$3,150 applied overheadJob

Since you have asked multiple questions, we will solve the first question for you. If you want any…

Answered: Rotel has 2 jobs completed at the end…

Business

Accounting

Rotel has 2 jobs completed at the end of the year. There is 1 factory wide POHR used at Rotel based on direct material dollars. Job #4B51 has reported:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

At the end of April, Cavy Company had completed Jobs 766 and 765. The individual job cost sheets reveal the following information: Job Job 765 Job 766 Job 765 $ Job 766 $ Direct Materials $8,680 13,338 Job 765 $ Job 766 $ Direct Labor $2,604 4,212 Machine Hours Job 765 produced 186 units, and Job 766 consisted of 234 units. Assuming that factory overhead is applied using machine hours at a rate of $131 per hour. a. Determine the balance on each job cost sheet. 31 78 b. Determine the cost per unit for each job at the end of April. Round your answers to the nearest cent.
(E7) Hahn Company uses a job - order costing system. Its plantwide predetermined overhead rate uses direct labor - hours as the allocation base. The company pays its direct laborers $15 per hour. During the year, the company started and completed only two jobs - Job Alpha, which used 54, 500 direct labor - hours, and Job Omega. The job cost sheets for the these two jobs are shown below: Job Alpha Direct materials ? Direct labor.. ? Manufacturing ? Total job cost... S overhead applied ... 1,533, 500 Job Omega Direct materials $235,000 Direct labor 345,000 Manufacturing overhead applied 184,000 Total job cost ... $764,000 Requires Calculate the plantwide predetermined overhead rate. Complete the job cost sheet for Job Alpha.
At the end of April, Cavy Company had completed Jobs 766 and 765. The individual job cost sheets reveal the following information: Job Job 765 Job 766 Direct Materials $11,200 14,364 Job 765 $ Job 766 $ Direct Labor $3,360 4,536 Machine Hours 40 84 Job 765 produced 240 units, and Job 766 consisted of 420 units. Assuming that factory overhead is applied using machine hours at a rate of $105 per hour. a. Determine the balance on each job cost sheet. Job 765 $ Job 766 $ b. Determine the cost per unit for each job at the end of April. Round your answers to the nearest cent.
Leija Manufacturing Company uses a job-order costing system and started the month of March with one job in process (Job #359). This job had $500 of cost assigned to it at this time. During March, Leija assigned production costs as follows to the jobs worked on during the month: Total cost assigned to jobs during March: Job 359 6,000 Job 360 8,100 Job 361 2,400 During March, Leija completed and sold Job #359. Job #360 was also completed but was not sold by month end. Job #361 was not completed by the end of March. A. What is Leija's work in process inventory balance at the end of March?B. What is Leija's cost of goods manufactured for March?
Please show your work.
Factory overhead is applied to production based on direct labor cost. Jobs 101 and 103 are completed during the month. The cost of goods manufactured for the month of July is
Da
Tyler Tooling Company uses a job order cost system with overhead applied to products on the basis of machine hours. For the upcoming year, the company estimated its total manufacturing overhead cost at $254, 610 and total machine hours at 62, 100. During the first month of operations, the company worked on three jobs and recorded the following actual direct materials cost, direct labor cost, and machine hours for each job: Job 101 Job 102 Job 103 Total Direct materials used $ 11, 200 $ 7,700 $ 5,400 $ 24, 300 Direct labor $ 17, 400 $ 5,100 $ 4,900 $ 27,400 Machine hours 1, 300 hours 2,900 hours 900 hours 5, 100 hours Job 101 was completed and sold for $51, 900. Job 102 was completed but not sold. Job 103 is still in process. Actual overhead costs recorded during the first month of operations totaled $19,610. Required: 1. Calculate the predetermined overhead rate. Note: Round your answer to 2 decimal places.
K company production was working on Job 1 and Job 2 during the month. Of the $790 in direct materials, $380 in materials was requested for Job 1. Direct labor cost, including payroll taxes, are $23 per hour, and employees worked 17 hours on Job 1 and 30 hours on Job 2. Overhead is applied at the rate of $20 per direct labor hours. Prepare job order cost sheets for each job. Job 1 Hours Total Cost Direct materials $fill in the blank 1 Direct labor fill in the blank 2 fill in the blank 3 Manufacturing overhead fill in the blank 4 fill in the blank 5 Total cost $fill in the blank 6 Job 2 Hours Total Cost Direct materials $fill in the blank 7 Direct labor fill in the blank 8 fill in the blank 9 Manufacturing overhead fill in the blank 10 fill in the blank 11 Total cost $fill in the blank 12
Que Co. is a print shop that produces jobs to customer specifications. During January 2017,Job #305 was worked on and the following information is available: Direct material used P2,500Direct labor hours worked 15Machine time used 6Direct labor rate per hour P7Overhead application rate per hour of machine time P18 Required: a.total cost of Job #305 for January
Assuming only Job# 2 and 3 were completed and sold, what is the cost of goods sold at year end? Triple V Company uses a job-order costing system and the following information is available from its records. The company has three jobs in process: #1, #2, and #3. Raw material used P260,000 Direct labor per hour Overhead applied based on direct labor cost P19.00 125% Of the raw materials used, total of 85% were traceable to the specific jobs (Job #1: 25%; Job #2: 30%; Job #3: 30%) and the balance of the requisitions was considered indirect. Direct labor hours per job are 2,800; 3,300; and 4,000; respectively. Indirect labor is P90,000. Other actual overhead costs totaled P100,000. 523,700 468,075 484,700 394,700
Rachael has a job assembling a certain car accessory. Last month she made a total of 424 items. Calculate her gross pay (in $) if she is paid on the following differential piecework schedule. Pay Level Items produced Rate per Item 1 1–160 $9.78 2 Over 160 $11.61 $ _____