Job order costing : Job order costing is a method of cost accounting, in which cost is collected and accumulated for each job, work order, or project separately. Especially the job order costing is followed in organizations where customized goods are produced. To prepare: The journal entries to record the (1) requisition slips (2) the time tickets (3) the assignment of manufacturing overhead to jobs, and (4) the completion of Jon No. 429.

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Answer 1

Question

Chapter 20, Problem 2E

(a)

To determine

Job order costing:

Job order costing is a method of cost accounting, in which cost is collected and accumulated for each job, work order, or project separately. Especially the job order costing is followed in organizations where customized goods are produced.

To prepare: The journal entries to record the (1) requisition slips (2) the time tickets (3) the assignment of manufacturing overhead to jobs, and (4) the completion of Jon No. 429.

(b)

To determine

To post: The entries to work in process inventory and prove the agreement of the control account with the job cost sheets.

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Answer 2

Question

Chapter 20, Problem 2E

(a)

To determine

Job order costing:

Job order costing is a method of cost accounting, in which cost is collected and accumulated for each job, work order, or project separately. Especially the job order costing is followed in organizations where customized goods are produced.

To prepare: The journal entries to record the (1) requisition slips (2) the time tickets (3) the assignment of manufacturing overhead to jobs, and (4) the completion of Jon No. 429.

(b)

To determine

To post: The entries to work in process inventory and prove the agreement of the control account with the job cost sheets.

Expert Solution & Answer

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Check out a sample textbook solution

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Answer 3

Question

Chapter 20, Problem 2E

(a)

To determine

Job order costing:

Job order costing is a method of cost accounting, in which cost is collected and accumulated for each job, work order, or project separately. Especially the job order costing is followed in organizations where customized goods are produced.

To prepare: The journal entries to record the (1) requisition slips (2) the time tickets (3) the assignment of manufacturing overhead to jobs, and (4) the completion of Jon No. 429.

(b)

To determine

To post: The entries to work in process inventory and prove the agreement of the control account with the job cost sheets.

Expert Solution & Answer

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Answer 4

Question

Chapter 20, Problem 2E

(a)

To determine

Job order costing:

Job order costing is a method of cost accounting, in which cost is collected and accumulated for each job, work order, or project separately. Especially the job order costing is followed in organizations where customized goods are produced.

To prepare: The journal entries to record the (1) requisition slips (2) the time tickets (3) the assignment of manufacturing overhead to jobs, and (4) the completion of Jon No. 429.

(b)

To determine

To post: The entries to work in process inventory and prove the agreement of the control account with the job cost sheets.

Expert Solution & Answer

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Answer 5

Chapter 20, Problem 2E

(a)

To determine

Job order costing:

Job order costing is a method of cost accounting, in which cost is collected and accumulated for each job, work order, or project separately. Especially the job order costing is followed in organizations where customized goods are produced.

To prepare: The journal entries to record the (1) requisition slips (2) the time tickets (3) the assignment of manufacturing overhead to jobs, and (4) the completion of Jon No. 429.

(b)

To determine

To post: The entries to work in process inventory and prove the agreement of the control account with the job cost sheets.

Answer 6

Chapter 20, Problem 2E

(a)

To determine

Job order costing:

Job order costing is a method of cost accounting, in which cost is collected and accumulated for each job, work order, or project separately. Especially the job order costing is followed in organizations where customized goods are produced.

To prepare: The journal entries to record the (1) requisition slips (2) the time tickets (3) the assignment of manufacturing overhead to jobs, and (4) the completion of Jon No. 429.

Answer 7

Chapter 20, Problem 2E

(a)

To determine

Job order costing:

Job order costing is a method of cost accounting, in which cost is collected and accumulated for each job, work order, or project separately. Especially the job order costing is followed in organizations where customized goods are produced.

To prepare: The journal entries to record the (1) requisition slips (2) the time tickets (3) the assignment of manufacturing overhead to jobs, and (4) the completion of Jon No. 429.

Answer 8

(b)

To determine

To post: The entries to work in process inventory and prove the agreement of the control account with the job cost sheets.

Answer 9

(b)

To determine

To post: The entries to work in process inventory and prove the agreement of the control account with the job cost sheets.

Answer 10

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Answer 11

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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 post: The entries to work in process inventory and prove the agreement of the control account with the job cost sheets.

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