Job Cost Sheet: A job cost sheet can be defined as the compilation of the overall actual costs involved in a particular job. A job cost sheet is formatted and distributed to be used by the management team, to oversee if that particular job was bid suitably. The sheet is prepared only after the job is accomplished. It contains information related to various items, such as direct materials, sales taxes, direct labor, employee benefits, and outsources costs. To determine: The total manufacturing cost and cost per unit for both J57 & K52.

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Answer 1

Question

Chapter 20, Problem 20WPCP

(a)

To determine

Job Cost Sheet:

A job cost sheet can be defined as the compilation of the overall actual costs involved in a particular job. A job cost sheet is formatted and distributed to be used by the management team, to oversee if that particular job was bid suitably. The sheet is prepared only after the job is accomplished. It contains information related to various items, such as direct materials, sales taxes, direct labor, employee benefits, and outsources costs.

To determine: The total manufacturing cost and cost per unit for both J57 & K52.

(b)

To determine

To ascertain: The reason for why Waterways choose machine hours as the cost driver for the overhead rather than direct labor cost. Also, why it chooses the cost driver for the overhead for the job of installing the irrigation system.

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Answer 2

Question

Chapter 20, Problem 20WPCP

(a)

To determine

Job Cost Sheet:

A job cost sheet can be defined as the compilation of the overall actual costs involved in a particular job. A job cost sheet is formatted and distributed to be used by the management team, to oversee if that particular job was bid suitably. The sheet is prepared only after the job is accomplished. It contains information related to various items, such as direct materials, sales taxes, direct labor, employee benefits, and outsources costs.

To determine: The total manufacturing cost and cost per unit for both J57 & K52.

(b)

To determine

To ascertain: The reason for why Waterways choose machine hours as the cost driver for the overhead rather than direct labor cost. Also, why it chooses the cost driver for the overhead for the job of installing the irrigation system.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 20, Problem 20WPCP

(a)

To determine

Job Cost Sheet:

A job cost sheet can be defined as the compilation of the overall actual costs involved in a particular job. A job cost sheet is formatted and distributed to be used by the management team, to oversee if that particular job was bid suitably. The sheet is prepared only after the job is accomplished. It contains information related to various items, such as direct materials, sales taxes, direct labor, employee benefits, and outsources costs.

To determine: The total manufacturing cost and cost per unit for both J57 & K52.

(b)

To determine

To ascertain: The reason for why Waterways choose machine hours as the cost driver for the overhead rather than direct labor cost. Also, why it chooses the cost driver for the overhead for the job of installing the irrigation system.

Expert Solution & Answer

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Answer 4

Question

Chapter 20, Problem 20WPCP

(a)

To determine

Job Cost Sheet:

A job cost sheet can be defined as the compilation of the overall actual costs involved in a particular job. A job cost sheet is formatted and distributed to be used by the management team, to oversee if that particular job was bid suitably. The sheet is prepared only after the job is accomplished. It contains information related to various items, such as direct materials, sales taxes, direct labor, employee benefits, and outsources costs.

To determine: The total manufacturing cost and cost per unit for both J57 & K52.

(b)

To determine

To ascertain: The reason for why Waterways choose machine hours as the cost driver for the overhead rather than direct labor cost. Also, why it chooses the cost driver for the overhead for the job of installing the irrigation system.

Expert Solution & Answer

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Answer 5

Chapter 20, Problem 20WPCP

(a)

To determine

Job Cost Sheet:

A job cost sheet can be defined as the compilation of the overall actual costs involved in a particular job. A job cost sheet is formatted and distributed to be used by the management team, to oversee if that particular job was bid suitably. The sheet is prepared only after the job is accomplished. It contains information related to various items, such as direct materials, sales taxes, direct labor, employee benefits, and outsources costs.

To determine: The total manufacturing cost and cost per unit for both J57 & K52.

(b)

To determine

To ascertain: The reason for why Waterways choose machine hours as the cost driver for the overhead rather than direct labor cost. Also, why it chooses the cost driver for the overhead for the job of installing the irrigation system.

Answer 6

Chapter 20, Problem 20WPCP

(a)

To determine

Job Cost Sheet:

A job cost sheet can be defined as the compilation of the overall actual costs involved in a particular job. A job cost sheet is formatted and distributed to be used by the management team, to oversee if that particular job was bid suitably. The sheet is prepared only after the job is accomplished. It contains information related to various items, such as direct materials, sales taxes, direct labor, employee benefits, and outsources costs.

To determine: The total manufacturing cost and cost per unit for both J57 & K52.

Answer 7

Chapter 20, Problem 20WPCP

(a)

To determine

Job Cost Sheet:

A job cost sheet can be defined as the compilation of the overall actual costs involved in a particular job. A job cost sheet is formatted and distributed to be used by the management team, to oversee if that particular job was bid suitably. The sheet is prepared only after the job is accomplished. It contains information related to various items, such as direct materials, sales taxes, direct labor, employee benefits, and outsources costs.

To determine: The total manufacturing cost and cost per unit for both J57 & K52.

Answer 8

(b)

To determine

To ascertain: The reason for why Waterways choose machine hours as the cost driver for the overhead rather than direct labor cost. Also, why it chooses the cost driver for the overhead for the job of installing the irrigation system.

Answer 9

(b)

To determine

To ascertain: The reason for why Waterways choose machine hours as the cost driver for the overhead rather than direct labor cost. Also, why it chooses the cost driver for the overhead for the job of installing the irrigation system.

Answer 10

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Answer 11

Expert Solution & Answer

Answer 12

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Answer 13

Ch. 20 - Prob. 1Q Ch. 20 - Prob. 2Q Ch. 20 - Prob. 3Q Ch. 20 - Prob. 4Q Ch. 20 - Prob. 5Q Ch. 20 - Prob. 6Q Ch. 20 - Prob. 7Q Ch. 20 - Prob. 8Q Ch. 20 - Prob. 9Q Ch. 20 - Prob. 10Q

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To ascertain: The reason for why Waterways choose machine hours as the cost driver for the overhead rather than direct labor cost. Also, why it chooses the cost driver for the overhead for the job of installing the irrigation system.

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