Nutt Products manufactures screws and bolts made to customer specifications. During August, Nutt incurred the following manufacturing costs: direct materials, $28,019.00; direct labor, $15,276.75; and applied factory overhead , $9,854.50. The following data pertain to these costs: The overhead application rates are $4 per direct labor hour for Dept. 1 and 175% of direct labor cost for Dept. 2. Nutt had no beginning work in process for August. Job 8958, which cost $14,190.18 to manufacture, was completed in July and was sold on account in August for $19,000. The job cost sheet for this job is shown on page 103. Of the jobs begun in August, Job 8961 was completed and sold on account for $24,000, Jobs 8962 and 8964 were completed but not sold, and Job 8963 was still in process. As cost accountant for this company, you have been asked to prepare job cost sheets for each of the four jobs started in August. Review the printed worksheet called JOB that follows these requirements.

Question

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Answer 1

Textbook Question

Chapter 17, Problem 1R

Nutt Products manufactures screws and bolts made to customer specifications. During August, Nutt incurred the following manufacturing costs: direct materials, $28,019.00; direct labor, $15,276.75; and applied factory overhead, $9,854.50. The following data pertain to these costs:

Chapter 17, Problem 1R, Nutt Products manufactures screws and bolts made to customer specifications. During August, Nutt

The overhead application rates are $4 per direct labor hour for Dept. 1 and 175% of direct labor cost for Dept. 2.

Nutt had no beginning work in process for August. Job 8958, which cost $14,190.18 to manufacture, was completed in July and was sold on account in August for $19,000. The job cost sheet for this job is shown on page 103. Of the jobs begun in August, Job 8961 was completed and sold on account for $24,000, Jobs 8962 and 8964 were completed but not sold, and Job 8963 was still in process.

As cost accountant for this company, you have been asked to prepare job cost sheets for each of the four jobs started in August. Review the printed worksheet called JOB that follows these requirements.

Expert Solution & Answer

To determine

Prepare job cost sheets for each of the four jobs started in the month of August.

Explanation of Solution

Prepare job cost sheets for Job 8961.

Excel Applications for Accounting Principles, Chapter 17, Problem 1R , additional homework tip 1

Table (1)

Prepare job cost sheets for Job 8962.

Excel Applications for Accounting Principles, Chapter 17, Problem 1R , additional homework tip 2

Table (2)

Prepare job cost sheets for Job 8963.

Excel Applications for Accounting Principles, Chapter 17, Problem 1R , additional homework tip 3

Table (3)

Prepare job cost sheets for Job 8964.

Excel Applications for Accounting Principles, Chapter 17, Problem 1R , additional homework tip 4

Table (4)

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Answer 2

Textbook Question

Chapter 17, Problem 1R

Nutt Products manufactures screws and bolts made to customer specifications. During August, Nutt incurred the following manufacturing costs: direct materials, $28,019.00; direct labor, $15,276.75; and applied factory overhead, $9,854.50. The following data pertain to these costs:

Chapter 17, Problem 1R, Nutt Products manufactures screws and bolts made to customer specifications. During August, Nutt

The overhead application rates are $4 per direct labor hour for Dept. 1 and 175% of direct labor cost for Dept. 2.

Nutt had no beginning work in process for August. Job 8958, which cost $14,190.18 to manufacture, was completed in July and was sold on account in August for $19,000. The job cost sheet for this job is shown on page 103. Of the jobs begun in August, Job 8961 was completed and sold on account for $24,000, Jobs 8962 and 8964 were completed but not sold, and Job 8963 was still in process.

As cost accountant for this company, you have been asked to prepare job cost sheets for each of the four jobs started in August. Review the printed worksheet called JOB that follows these requirements.

Expert Solution & Answer

To determine

Prepare job cost sheets for each of the four jobs started in the month of August.

Explanation of Solution

Prepare job cost sheets for Job 8961.

Excel Applications for Accounting Principles, Chapter 17, Problem 1R , additional homework tip 1

Table (1)

Prepare job cost sheets for Job 8962.

Excel Applications for Accounting Principles, Chapter 17, Problem 1R , additional homework tip 2

Table (2)

Prepare job cost sheets for Job 8963.

Excel Applications for Accounting Principles, Chapter 17, Problem 1R , additional homework tip 3

Table (3)

Prepare job cost sheets for Job 8964.

Excel Applications for Accounting Principles, Chapter 17, Problem 1R , additional homework tip 4

Table (4)

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Answer 3

Textbook Question

Chapter 17, Problem 1R

Nutt Products manufactures screws and bolts made to customer specifications. During August, Nutt incurred the following manufacturing costs: direct materials, $28,019.00; direct labor, $15,276.75; and applied factory overhead, $9,854.50. The following data pertain to these costs:

Chapter 17, Problem 1R, Nutt Products manufactures screws and bolts made to customer specifications. During August, Nutt

The overhead application rates are $4 per direct labor hour for Dept. 1 and 175% of direct labor cost for Dept. 2.

Nutt had no beginning work in process for August. Job 8958, which cost $14,190.18 to manufacture, was completed in July and was sold on account in August for $19,000. The job cost sheet for this job is shown on page 103. Of the jobs begun in August, Job 8961 was completed and sold on account for $24,000, Jobs 8962 and 8964 were completed but not sold, and Job 8963 was still in process.

As cost accountant for this company, you have been asked to prepare job cost sheets for each of the four jobs started in August. Review the printed worksheet called JOB that follows these requirements.

Expert Solution & Answer

To determine

Prepare job cost sheets for each of the four jobs started in the month of August.

Explanation of Solution

Prepare job cost sheets for Job 8961.

Excel Applications for Accounting Principles, Chapter 17, Problem 1R , additional homework tip 1

Table (1)

Prepare job cost sheets for Job 8962.

Excel Applications for Accounting Principles, Chapter 17, Problem 1R , additional homework tip 2

Table (2)

Prepare job cost sheets for Job 8963.

Excel Applications for Accounting Principles, Chapter 17, Problem 1R , additional homework tip 3

Table (3)

Prepare job cost sheets for Job 8964.

Excel Applications for Accounting Principles, Chapter 17, Problem 1R , additional homework tip 4

Table (4)

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Answer 4

Textbook Question

Chapter 17, Problem 1R

Nutt Products manufactures screws and bolts made to customer specifications. During August, Nutt incurred the following manufacturing costs: direct materials, $28,019.00; direct labor, $15,276.75; and applied factory overhead, $9,854.50. The following data pertain to these costs:

Chapter 17, Problem 1R, Nutt Products manufactures screws and bolts made to customer specifications. During August, Nutt

The overhead application rates are $4 per direct labor hour for Dept. 1 and 175% of direct labor cost for Dept. 2.

Nutt had no beginning work in process for August. Job 8958, which cost $14,190.18 to manufacture, was completed in July and was sold on account in August for $19,000. The job cost sheet for this job is shown on page 103. Of the jobs begun in August, Job 8961 was completed and sold on account for $24,000, Jobs 8962 and 8964 were completed but not sold, and Job 8963 was still in process.

As cost accountant for this company, you have been asked to prepare job cost sheets for each of the four jobs started in August. Review the printed worksheet called JOB that follows these requirements.

Expert Solution & Answer

To determine

Prepare job cost sheets for each of the four jobs started in the month of August.

Explanation of Solution

Prepare job cost sheets for Job 8961.

Excel Applications for Accounting Principles, Chapter 17, Problem 1R , additional homework tip 1

Table (1)

Prepare job cost sheets for Job 8962.

Excel Applications for Accounting Principles, Chapter 17, Problem 1R , additional homework tip 2

Table (2)

Prepare job cost sheets for Job 8963.

Excel Applications for Accounting Principles, Chapter 17, Problem 1R , additional homework tip 3

Table (3)

Prepare job cost sheets for Job 8964.

Excel Applications for Accounting Principles, Chapter 17, Problem 1R , additional homework tip 4

Table (4)

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Answer 5

Textbook Question

Answer 6

Textbook Question

Answer 7

Expert Solution & Answer

To determine

Prepare job cost sheets for each of the four jobs started in the month of August.

Explanation of Solution

Prepare job cost sheets for Job 8961.

Excel Applications for Accounting Principles, Chapter 17, Problem 1R , additional homework tip 1

Table (1)

Prepare job cost sheets for Job 8962.

Excel Applications for Accounting Principles, Chapter 17, Problem 1R , additional homework tip 2

Table (2)

Prepare job cost sheets for Job 8963.

Excel Applications for Accounting Principles, Chapter 17, Problem 1R , additional homework tip 3

Table (3)

Prepare job cost sheets for Job 8964.

Excel Applications for Accounting Principles, Chapter 17, Problem 1R , additional homework tip 4

Table (4)

Answer 8

Expert Solution & Answer

To determine

Prepare job cost sheets for each of the four jobs started in the month of August.

Explanation of Solution

Prepare job cost sheets for Job 8961.

Excel Applications for Accounting Principles, Chapter 17, Problem 1R , additional homework tip 1

Table (1)

Prepare job cost sheets for Job 8962.

Excel Applications for Accounting Principles, Chapter 17, Problem 1R , additional homework tip 2

Table (2)

Prepare job cost sheets for Job 8963.

Excel Applications for Accounting Principles, Chapter 17, Problem 1R , additional homework tip 3

Table (3)

Prepare job cost sheets for Job 8964.

Excel Applications for Accounting Principles, Chapter 17, Problem 1R , additional homework tip 4

Table (4)

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

To determine

Prepare job cost sheets for each of the four jobs started in the month of August.

Answer 12

Explanation of Solution

Prepare job cost sheets for Job 8961.

Excel Applications for Accounting Principles, Chapter 17, Problem 1R , additional homework tip 1

Table (1)

Prepare job cost sheets for Job 8962.

Excel Applications for Accounting Principles, Chapter 17, Problem 1R , additional homework tip 2

Table (2)

Prepare job cost sheets for Job 8963.

Excel Applications for Accounting Principles, Chapter 17, Problem 1R , additional homework tip 3

Table (3)

Prepare job cost sheets for Job 8964.

Excel Applications for Accounting Principles, Chapter 17, Problem 1R , additional homework tip 4

Table (4)

Answer 13

Ch. 17 - Nutt Products manufactures screws and bolts made...Ch. 17 - Prob. 2R Ch. 17 - Now that your worksheet has been saved as JOB2,...Ch. 17 - Next, open worksheet JOB2 again. Enter the data...Ch. 17 - Use the space provided below to prepare six...Ch. 17 - Nutts management is very concerned about the cost...

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