Job Costing : Job costing is one of method of costing. In this method cost are accumulated according to the jobs and contracts. Requirement1 To Determine: Costing system Brandon manufacturing using to maintain their cost records

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Answer 1

Question

Chapter 19, Problem P19.28APGA

To determine

Concept Introduction:

Job Costing: Job costing is one of method of costing. In this method cost are accumulated according to the jobs and contracts.

Requirement1

To Determine:Costing system Brandon manufacturing using to maintain their cost records

To determine

Requirement 2

To Determine:

1. Brandon’s Manufacturing Jobs Status as on 31^st Oct and 30^th Nov

2. As per the cost records ,Account Balance of Work in Process inventory, Finished Goods Inventory and Cost of Goods Sold as on 31^st Oct

3. As per the Cost Records, Account Balance for Work in Process Inventory, Finished Goods Inventory and Cost of Goods Sold as on 30^th Nov

To determine

Requirement 3

To Prepare: Journal Entries for recording the transfer from Work in Process account to finished goods account on completion of Job in Oct and Nov

To determine

Requirement 4

To Prepare: Journal Entry to Record sale of Job3 for $2,400

To determine

Requirement 5

To Determine: Gross Profit for Job 3

Expert Solution & Answer

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Brentwood Manufacturing forecasts that total overhead for the current year will be $12,000,000 and that total machine hours will be 240,000 hours. Year to date, the actual overhead is $13,200,000, and the actual machine hours are 260,000 hours. Suppose Brentwood Manufacturing uses a predetermined overhead rate based on machine hours for applying overhead as of this point in time (year to date). In that case, the overhead is?

Overview You have learned about big corporate fraud in this course such as Enron and WorldCom, but fraud can happen in any organization. Examine a case that addresses the importance of internal controls, including how the fraud triangle can aid in an investigation and how to find missing cash. Prepare View the media activity, Employee Fraud at Miami Rehabilitation CenterLinks to an external site.. It provides information about a case of fraud that you will address in the assignment. Instructions Based on what you discovered in the media piece, (not including cover and reference pages) paper that addresses the following: Like fuel, air, and heat come together to make fire, the likelihood of fraud increases when the three elements of the fraud triangle come together. Analyze how the 3 elements of the fraud triangle are important and how all 3 elements were present in Helen's case. In 2006, The Committee of Sponsoring Organizations (COSO) published a small company version of its 1992…

Variable manufacturing overhead:28000, fixed manufacturing overhead:120000

Answer 2

Question

Chapter 19, Problem P19.28APGA

To determine

Concept Introduction:

Job Costing: Job costing is one of method of costing. In this method cost are accumulated according to the jobs and contracts.

Requirement1

To Determine:Costing system Brandon manufacturing using to maintain their cost records

To determine

Requirement 2

To Determine:

1. Brandon’s Manufacturing Jobs Status as on 31^st Oct and 30^th Nov

2. As per the cost records ,Account Balance of Work in Process inventory, Finished Goods Inventory and Cost of Goods Sold as on 31^st Oct

3. As per the Cost Records, Account Balance for Work in Process Inventory, Finished Goods Inventory and Cost of Goods Sold as on 30^th Nov

To determine

Requirement 3

To Prepare: Journal Entries for recording the transfer from Work in Process account to finished goods account on completion of Job in Oct and Nov

To determine

Requirement 4

To Prepare: Journal Entry to Record sale of Job3 for $2,400

To determine

Requirement 5

To Determine: Gross Profit for Job 3

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 19, Problem P19.28APGA

To determine

Concept Introduction:

Job Costing: Job costing is one of method of costing. In this method cost are accumulated according to the jobs and contracts.

Requirement1

To Determine:Costing system Brandon manufacturing using to maintain their cost records

To determine

Requirement 2

To Determine:

1. Brandon’s Manufacturing Jobs Status as on 31^st Oct and 30^th Nov

2. As per the cost records ,Account Balance of Work in Process inventory, Finished Goods Inventory and Cost of Goods Sold as on 31^st Oct

3. As per the Cost Records, Account Balance for Work in Process Inventory, Finished Goods Inventory and Cost of Goods Sold as on 30^th Nov

To determine

Requirement 3

To Prepare: Journal Entries for recording the transfer from Work in Process account to finished goods account on completion of Job in Oct and Nov

To determine

Requirement 4

To Prepare: Journal Entry to Record sale of Job3 for $2,400

To determine

Requirement 5

To Determine: Gross Profit for Job 3

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 19, Problem P19.28APGA

To determine

Concept Introduction:

Job Costing: Job costing is one of method of costing. In this method cost are accumulated according to the jobs and contracts.

Requirement1

To Determine:Costing system Brandon manufacturing using to maintain their cost records

To determine

Requirement 2

To Determine:

1. Brandon’s Manufacturing Jobs Status as on 31^st Oct and 30^th Nov

2. As per the cost records ,Account Balance of Work in Process inventory, Finished Goods Inventory and Cost of Goods Sold as on 31^st Oct

3. As per the Cost Records, Account Balance for Work in Process Inventory, Finished Goods Inventory and Cost of Goods Sold as on 30^th Nov

To determine

Requirement 3

To Prepare: Journal Entries for recording the transfer from Work in Process account to finished goods account on completion of Job in Oct and Nov

To determine

Requirement 4

To Prepare: Journal Entry to Record sale of Job3 for $2,400

To determine

Requirement 5

To Determine: Gross Profit for Job 3

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 19, Problem P19.28APGA

To determine

Concept Introduction:

Job Costing: Job costing is one of method of costing. In this method cost are accumulated according to the jobs and contracts.

Requirement1

To Determine:Costing system Brandon manufacturing using to maintain their cost records

To determine

Requirement 2

To Determine:

1. Brandon’s Manufacturing Jobs Status as on 31^st Oct and 30^th Nov

2. As per the cost records ,Account Balance of Work in Process inventory, Finished Goods Inventory and Cost of Goods Sold as on 31^st Oct

3. As per the Cost Records, Account Balance for Work in Process Inventory, Finished Goods Inventory and Cost of Goods Sold as on 30^th Nov

To determine

Requirement 3

To Prepare: Journal Entries for recording the transfer from Work in Process account to finished goods account on completion of Job in Oct and Nov

To determine

Requirement 4

To Prepare: Journal Entry to Record sale of Job3 for $2,400

To determine

Requirement 5

To Determine: Gross Profit for Job 3

Answer 6

Chapter 19, Problem P19.28APGA

To determine

Concept Introduction:

Job Costing: Job costing is one of method of costing. In this method cost are accumulated according to the jobs and contracts.

Requirement1

To Determine:Costing system Brandon manufacturing using to maintain their cost records

Answer 7

Chapter 19, Problem P19.28APGA

To determine

Concept Introduction:

Job Costing: Job costing is one of method of costing. In this method cost are accumulated according to the jobs and contracts.

Requirement1

To Determine:Costing system Brandon manufacturing using to maintain their cost records

Answer 8

To determine

Requirement 2

To Determine:

1. Brandon’s Manufacturing Jobs Status as on 31^st Oct and 30^th Nov

2. As per the cost records ,Account Balance of Work in Process inventory, Finished Goods Inventory and Cost of Goods Sold as on 31^st Oct

3. As per the Cost Records, Account Balance for Work in Process Inventory, Finished Goods Inventory and Cost of Goods Sold as on 30^th Nov

Answer 9

To determine

Requirement 2

To Determine:

1. Brandon’s Manufacturing Jobs Status as on 31^st Oct and 30^th Nov

2. As per the cost records ,Account Balance of Work in Process inventory, Finished Goods Inventory and Cost of Goods Sold as on 31^st Oct

3. As per the Cost Records, Account Balance for Work in Process Inventory, Finished Goods Inventory and Cost of Goods Sold as on 30^th Nov

Answer 10

To determine

Requirement 3

To Prepare: Journal Entries for recording the transfer from Work in Process account to finished goods account on completion of Job in Oct and Nov

Answer 11

To determine

Requirement 3

To Prepare: Journal Entries for recording the transfer from Work in Process account to finished goods account on completion of Job in Oct and Nov

Answer 12

To determine

Requirement 4

To Prepare: Journal Entry to Record sale of Job3 for $2,400

Answer 13

To determine

Requirement 4

To Prepare: Journal Entry to Record sale of Job3 for $2,400

Answer 14

To determine

Requirement 5

To Determine: Gross Profit for Job 3

Answer 15

To determine

Requirement 5

To Determine: Gross Profit for Job 3

Answer 16

Expert Solution & Answer

Answer 17

Expert Solution & Answer

Answer 18

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Answer 19

Ch. 19 - Prob. 1QC Ch. 19 - When a manufacturing company uses direct...Ch. 19 - When a manufacturing company uses indirect...Ch. 19 - When a manufacturing company uses direct labor, it...Ch. 19 - What is Gell's predetermined overhead allocation...Ch. 19 - What is Gell's actual manufacturing overhead cost?...Ch. 19 - How much manufacturing overhead would Gell...Ch. 19 - What entry would Gell make to adjust the...Ch. 19 - A manufacturing company completed work on a job....Ch. 19 - Prob. 10QC

Job Costing : Job costing is one of method of costing. In this method cost are accumulated according to the jobs and contracts. Requirement1 To Determine: Costing system Brandon manufacturing using to maintain their cost records

Concept explainers

Videos

Concept Introduction:

Job Costing: Job costing is one of method of costing. In this method cost are accumulated according to the jobs and contracts.

Requirement1

To Determine:Costing system Brandon manufacturing using to maintain their cost records

Requirement 3

To Prepare: Journal Entries for recording the transfer from Work in Process account to finished goods account on completion of Job in Oct and Nov

Requirement 4

To Prepare: Journal Entry to Record sale of Job3 for $2,400

Requirement 5

To Determine: Gross Profit for Job 3

Want to see the full answer?

Chapter 19 Solutions

Job Costing : Job costing is one of method of costing. In this method cost are accumulated according to the jobs and contracts. Requirement1 To Determine: Costing system Brandon manufacturing using to maintain their cost records

Concept explainers

Videos

Concept Introduction: Job Costing: Job costing is one of method of costing. In this method cost are accumulated according to the jobs and contracts. Requirement1 To Determine:Costing system Brandon manufacturing using to maintain their cost records

Requirement 3 To Prepare: Journal Entries for recording the transfer from Work in Process account to finished goods account on completion of Job in Oct and Nov

Requirement 4 To Prepare: Journal Entry to Record sale of Job3 for $2,400

Requirement 5 To Determine: Gross Profit for Job 3

Want to see the full answer?

Chapter 19 Solutions

Concept Introduction:

Job Costing: Job costing is one of method of costing. In this method cost are accumulated according to the jobs and contracts.

Requirement1

To Determine:Costing system Brandon manufacturing using to maintain their cost records

Requirement 3

To Prepare: Journal Entries for recording the transfer from Work in Process account to finished goods account on completion of Job in Oct and Nov

Requirement 4

To Prepare: Journal Entry to Record sale of Job3 for $2,400

Requirement 5

To Determine: Gross Profit for Job 3