Jobs and job lots C1 Determine which of the following are most likely to be considered as a job and which as a job lot. ___l. Hats imprinted with company logo _2. Little League trophies _3. A handcrafted table _4. A 90-foot motor yacht _5. Wedding dresses for a chain of stores ___6. A custom-designed home

Question

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Answer 1

Textbook Question

Chapter 19, Problem 1QS

Jobs and job lots C1
Determine which of the following are most likely to be considered as a job and which as a job lot.

_____l. Hats imprinted with company logo
_____2. Little League trophies
_____3. A handcrafted table
_____4. A 90-foot motor yacht
_____5. Wedding dresses for a chain of stores
_____6. A custom-designed home

Expert Solution & Answer

To determine

Introduction:

In manufacturing process when a particular product is manufactured for a specific customer order, is called a job.

Similarly when product is manufactured for a customer or a group of customer based on a custom

Order, these custom orders are called job lots.

Which of the following are most likely to be considered as a job and which as a job lot.

Answer to Problem 1QS

Solution:

Job lot
Job lot
Job
Job
Job lot
Job

Given Information:

Hats Imprinted with company logo.
Little League trophies.
A handcrafted table.
A 90-foot motor yacht.
Wedding dresses for a chain of stores.
A custom-designed home.

Explanation of Solution

From the above discussion it has been concluded that, for a specific customer order it is called job and for a group of customer based on a custom order is called job lot.

Further,

In question no 1,2 &5, there is a indication of many job orders like Hats imprinted, trophies & wedding dress. So all these are treated as Job Lot.
Similarly in question no 3, 4 &6, it is indicated that only one customer order is placed like A handcrafted table, A 90 foot yacht & A custom-designed home. So all these are treated as Job.

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1 For which service business is job order costing the appropriate costing method to use? An oil fracking company extracting oil from a variety of oil fields leased to the company by a state. ○ A farm feeding, raising, and sending many rabbits to a wholesaler for domestic resale purposes. ○ A law practice that serves a variety of customers having differing levels of legal needs and requirements. ○ An income tax preparation accounting practice preparing individual income tax returns for clients having income less than $50,000.

engageNOWv2 |I Online teach x n/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress-false O eBook Show Me How Print Item Entries for Materials Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses a job order cost system. Balances on April 1 from the materlals ledger are as follows: Fabric $26,200 Polyester filling 7,900 Lumber 58,700 Glue 2,500 The materials purchased during April on account are summarized from the receiving reports as follows: Fabric $130,200 Polyester filling 181,000 Lumber 356,700 Glue 12,400 Materials were requisitioned to individual jobs as follows: Polyester Fabric Lumber Glue Total Filling Job 601 $49,500 $62,400 $166,800 $278,700 Job 602 38,100 67,800 146,000 251,900 Job 603 35,100 46,000 81,200 162,300 Factory overhead-indirect $6,400 6,400 materials $122,700 $176,200 $394,000 $6,400 $699,300 Total The glue is not a significant cost, so it is treated as indirect materials (factory…

Answer 2

Textbook Question

Chapter 19, Problem 1QS

Jobs and job lots C1
Determine which of the following are most likely to be considered as a job and which as a job lot.

_____l. Hats imprinted with company logo
_____2. Little League trophies
_____3. A handcrafted table
_____4. A 90-foot motor yacht
_____5. Wedding dresses for a chain of stores
_____6. A custom-designed home

Expert Solution & Answer

To determine

Introduction:

In manufacturing process when a particular product is manufactured for a specific customer order, is called a job.

Similarly when product is manufactured for a customer or a group of customer based on a custom

Order, these custom orders are called job lots.

Which of the following are most likely to be considered as a job and which as a job lot.

Answer to Problem 1QS

Solution:

Job lot
Job lot
Job
Job
Job lot
Job

Given Information:

Hats Imprinted with company logo.
Little League trophies.
A handcrafted table.
A 90-foot motor yacht.
Wedding dresses for a chain of stores.
A custom-designed home.

Explanation of Solution

From the above discussion it has been concluded that, for a specific customer order it is called job and for a group of customer based on a custom order is called job lot.

Further,

In question no 1,2 &5, there is a indication of many job orders like Hats imprinted, trophies & wedding dress. So all these are treated as Job Lot.
Similarly in question no 3, 4 &6, it is indicated that only one customer order is placed like A handcrafted table, A 90 foot yacht & A custom-designed home. So all these are treated as Job.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Textbook Question

Chapter 19, Problem 1QS

Jobs and job lots C1
Determine which of the following are most likely to be considered as a job and which as a job lot.

_____l. Hats imprinted with company logo
_____2. Little League trophies
_____3. A handcrafted table
_____4. A 90-foot motor yacht
_____5. Wedding dresses for a chain of stores
_____6. A custom-designed home

Expert Solution & Answer

To determine

Introduction:

In manufacturing process when a particular product is manufactured for a specific customer order, is called a job.

Similarly when product is manufactured for a customer or a group of customer based on a custom

Order, these custom orders are called job lots.

Which of the following are most likely to be considered as a job and which as a job lot.

Answer to Problem 1QS

Solution:

Job lot
Job lot
Job
Job
Job lot
Job

Given Information:

Hats Imprinted with company logo.
Little League trophies.
A handcrafted table.
A 90-foot motor yacht.
Wedding dresses for a chain of stores.
A custom-designed home.

Explanation of Solution

From the above discussion it has been concluded that, for a specific customer order it is called job and for a group of customer based on a custom order is called job lot.

Further,

In question no 1,2 &5, there is a indication of many job orders like Hats imprinted, trophies & wedding dress. So all these are treated as Job Lot.
Similarly in question no 3, 4 &6, it is indicated that only one customer order is placed like A handcrafted table, A 90 foot yacht & A custom-designed home. So all these are treated as Job.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Textbook Question

Chapter 19, Problem 1QS

Jobs and job lots C1
Determine which of the following are most likely to be considered as a job and which as a job lot.

_____l. Hats imprinted with company logo
_____2. Little League trophies
_____3. A handcrafted table
_____4. A 90-foot motor yacht
_____5. Wedding dresses for a chain of stores
_____6. A custom-designed home

Expert Solution & Answer

To determine

Introduction:

In manufacturing process when a particular product is manufactured for a specific customer order, is called a job.

Similarly when product is manufactured for a customer or a group of customer based on a custom

Order, these custom orders are called job lots.

Which of the following are most likely to be considered as a job and which as a job lot.

Answer to Problem 1QS

Solution:

Job lot
Job lot
Job
Job
Job lot
Job

Given Information:

Hats Imprinted with company logo.
Little League trophies.
A handcrafted table.
A 90-foot motor yacht.
Wedding dresses for a chain of stores.
A custom-designed home.

Explanation of Solution

From the above discussion it has been concluded that, for a specific customer order it is called job and for a group of customer based on a custom order is called job lot.

Further,

In question no 1,2 &5, there is a indication of many job orders like Hats imprinted, trophies & wedding dress. So all these are treated as Job Lot.
Similarly in question no 3, 4 &6, it is indicated that only one customer order is placed like A handcrafted table, A 90 foot yacht & A custom-designed home. So all these are treated as Job.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Textbook Question

Answer 6

Textbook Question

Answer 7

Expert Solution & Answer

To determine

Introduction:

In manufacturing process when a particular product is manufactured for a specific customer order, is called a job.

Similarly when product is manufactured for a customer or a group of customer based on a custom

Order, these custom orders are called job lots.

Which of the following are most likely to be considered as a job and which as a job lot.

Answer to Problem 1QS

Solution:

Job lot
Job lot
Job
Job
Job lot
Job

Given Information:

Hats Imprinted with company logo.
Little League trophies.
A handcrafted table.
A 90-foot motor yacht.
Wedding dresses for a chain of stores.
A custom-designed home.

Explanation of Solution

From the above discussion it has been concluded that, for a specific customer order it is called job and for a group of customer based on a custom order is called job lot.

Further,

In question no 1,2 &5, there is a indication of many job orders like Hats imprinted, trophies & wedding dress. So all these are treated as Job Lot.
Similarly in question no 3, 4 &6, it is indicated that only one customer order is placed like A handcrafted table, A 90 foot yacht & A custom-designed home. So all these are treated as Job.

Answer 8

Expert Solution & Answer

To determine

Introduction:

In manufacturing process when a particular product is manufactured for a specific customer order, is called a job.

Similarly when product is manufactured for a customer or a group of customer based on a custom

Order, these custom orders are called job lots.

Which of the following are most likely to be considered as a job and which as a job lot.

Answer to Problem 1QS

Solution:

Job lot
Job lot
Job
Job
Job lot
Job

Given Information:

Hats Imprinted with company logo.
Little League trophies.
A handcrafted table.
A 90-foot motor yacht.
Wedding dresses for a chain of stores.
A custom-designed home.

Explanation of Solution

From the above discussion it has been concluded that, for a specific customer order it is called job and for a group of customer based on a custom order is called job lot.

Further,

In question no 1,2 &5, there is a indication of many job orders like Hats imprinted, trophies & wedding dress. So all these are treated as Job Lot.
Similarly in question no 3, 4 &6, it is indicated that only one customer order is placed like A handcrafted table, A 90 foot yacht & A custom-designed home. So all these are treated as Job.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

To determine

Introduction:

In manufacturing process when a particular product is manufactured for a specific customer order, is called a job.

Similarly when product is manufactured for a customer or a group of customer based on a custom

Order, these custom orders are called job lots.

Which of the following are most likely to be considered as a job and which as a job lot.

Answer 12

Answer to Problem 1QS

Solution:

Job lot
Job lot
Job
Job
Job lot
Job

Given Information:

Hats Imprinted with company logo.
Little League trophies.
A handcrafted table.
A 90-foot motor yacht.
Wedding dresses for a chain of stores.
A custom-designed home.

Answer 13

Explanation of Solution

From the above discussion it has been concluded that, for a specific customer order it is called job and for a group of customer based on a custom order is called job lot.

Further,

In question no 1,2 &5, there is a indication of many job orders like Hats imprinted, trophies & wedding dress. So all these are treated as Job Lot.
Similarly in question no 3, 4 &6, it is indicated that only one customer order is placed like A handcrafted table, A 90 foot yacht & A custom-designed home. So all these are treated as Job.

Answer 14

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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