Job Order Costing : Job order costing is a system of allocating cost of production to an individual product or group of products. Under job order costing, each individual product or batches of products are treated as separate unit due to its unique features customize by the customers. To determine : 1. Prepare a job cost record for Job 423. Compute the predetermined overhead allocation rate and allocate it to the job. 2. Prepare journal entry in summary form to record requisition of direct materials and the assignment of direct labor and the allocation of manufacturing overhead to Job 423. 3. Journalize the completion of the job and sale of the 5,700 DVDs on account.

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Question

Chapter 19, Problem P19.35BPGB

To determine

Job Order Costing:

Job order costing is a system of allocating cost of production to an individual product or group of products. Under job order costing, each individual product or batches of products are treated as separate unit due to its unique features customize by the customers.

To determine:

1. Prepare a job cost record for Job 423. Compute the predetermined overhead allocation rate and allocate it to the job.

2. Prepare journal entry in summary form to record requisition of direct materials and the assignment of direct labor and the allocation of manufacturing overhead to Job 423.

3. Journalize the completion of the job and sale of the 5,700 DVDs on account.

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Answer 2

Question

Chapter 19, Problem P19.35BPGB

To determine

Job Order Costing:

Job order costing is a system of allocating cost of production to an individual product or group of products. Under job order costing, each individual product or batches of products are treated as separate unit due to its unique features customize by the customers.

To determine:

1. Prepare a job cost record for Job 423. Compute the predetermined overhead allocation rate and allocate it to the job.

2. Prepare journal entry in summary form to record requisition of direct materials and the assignment of direct labor and the allocation of manufacturing overhead to Job 423.

3. Journalize the completion of the job and sale of the 5,700 DVDs on account.

Expert Solution & Answer

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Answer 3

Question

Chapter 19, Problem P19.35BPGB

To determine

Job Order Costing:

Job order costing is a system of allocating cost of production to an individual product or group of products. Under job order costing, each individual product or batches of products are treated as separate unit due to its unique features customize by the customers.

To determine:

1. Prepare a job cost record for Job 423. Compute the predetermined overhead allocation rate and allocate it to the job.

2. Prepare journal entry in summary form to record requisition of direct materials and the assignment of direct labor and the allocation of manufacturing overhead to Job 423.

3. Journalize the completion of the job and sale of the 5,700 DVDs on account.

Expert Solution & Answer

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Answer 4

Question

Chapter 19, Problem P19.35BPGB

To determine

Job Order Costing:

Job order costing is a system of allocating cost of production to an individual product or group of products. Under job order costing, each individual product or batches of products are treated as separate unit due to its unique features customize by the customers.

To determine:

1. Prepare a job cost record for Job 423. Compute the predetermined overhead allocation rate and allocate it to the job.

2. Prepare journal entry in summary form to record requisition of direct materials and the assignment of direct labor and the allocation of manufacturing overhead to Job 423.

3. Journalize the completion of the job and sale of the 5,700 DVDs on account.

Expert Solution & Answer

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Answer 5

Chapter 19, Problem P19.35BPGB

To determine

Job Order Costing:

Job order costing is a system of allocating cost of production to an individual product or group of products. Under job order costing, each individual product or batches of products are treated as separate unit due to its unique features customize by the customers.

To determine:

1. Prepare a job cost record for Job 423. Compute the predetermined overhead allocation rate and allocate it to the job.

2. Prepare journal entry in summary form to record requisition of direct materials and the assignment of direct labor and the allocation of manufacturing overhead to Job 423.

3. Journalize the completion of the job and sale of the 5,700 DVDs on account.

Answer 6

Chapter 19, Problem P19.35BPGB

To determine

Job Order Costing:

Job order costing is a system of allocating cost of production to an individual product or group of products. Under job order costing, each individual product or batches of products are treated as separate unit due to its unique features customize by the customers.

To determine:

1. Prepare a job cost record for Job 423. Compute the predetermined overhead allocation rate and allocate it to the job.

2. Prepare journal entry in summary form to record requisition of direct materials and the assignment of direct labor and the allocation of manufacturing overhead to Job 423.

3. Journalize the completion of the job and sale of the 5,700 DVDs on account.

Answer 7

Chapter 19, Problem P19.35BPGB

To determine

Job Order Costing:

Job order costing is a system of allocating cost of production to an individual product or group of products. Under job order costing, each individual product or batches of products are treated as separate unit due to its unique features customize by the customers.

To determine:

1. Prepare a job cost record for Job 423. Compute the predetermined overhead allocation rate and allocate it to the job.

2. Prepare journal entry in summary form to record requisition of direct materials and the assignment of direct labor and the allocation of manufacturing overhead to Job 423.

3. Journalize the completion of the job and sale of the 5,700 DVDs on account.

Answer 8

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Answer 11

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

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