FUNDAMENTAL ACCT PRINCIPLES LL W CONNECT

25th Edition

ISBN: 9781265283629

Author: Wild

Publisher: MCG

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Textbook Question

Chapter 19, Problem 11E

Exercise 19-11 Overhead rate; costs assigned to jobs P3

Shire Computer's predetermined overhead rate is based on direct labor cost. Management estimates the company will incur $747_:500 of overhead costs and $575,000 of direct labor cost for the year. During March, Shire began and completed Job 13-56.
1. What is the predetermined overhead rate for the year'⁷
2. Use the information on the following job cost sheet to determine the total cost of the job.
Check (2) 122,710

JOB COST SHEET

Customer's Name Keiser Co.

Job Description 5 plasma monitors—61 inch

Overhead

	Direct Materials	Direct Labor		Costs Applied
Date	Requisition No.	Amount	Time-Ticket No.	Amount	Rate Amount
Mar. 3	4-129	$5,000	T-306	$ 700
Mar. 11	4-142	7.020	T-432	1250
Mar. 13	4-167	3.330	T-456	1.250

Totals Job No. 13-56

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Chapter 19, Problem 10E

Chapter 19, Problem 12E

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Jumper Company uses the weighted-average method in its process costing system. The following data pertain to operations in the first processing department for a recent month: Work in process, beginning: Units in process 400 Percent complete with respect to materials 65% Percent complete with respect to conversion 15% Costs in the beginning inventory: Materials cost $1,900 Conversion cost $3,000 Units started into production during the month 14,800 Units completed and transferred out during the month 13,500 Costs added to production during the month: Materials cost $ 77,885 Conversion cost Work in process, ending: $ 25,546 Units in process ? Percent complete with respect to materials 75% Percent complete with respect to conversion 25% What was the cost per equivalent unit for conversion cost?

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Chapter 19 Solutions

FUNDAMENTAL ACCT PRINCIPLES LL W CONNECT

Ch. 19 - Jobs and job lots C1 Determine which of the...Ch. 19 - Job cost sheets C2 Clemens Cars's job cost sheet...Ch. 19 - Documents in job order costing P1 P2 P3 The left...Ch. 19 - Raw materials journal entries P1 During the...Ch. 19 - Prob. 5QS Ch. 19 - Prob. 6QS Ch. 19 - Prob. 7QS Ch. 19 - Prob. 8QS Ch. 19 - Prob. 9QS Ch. 19 - Prob. 10QS

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