A company uses a job order costing system and a

Reference no: EM13597619

A company uses a job order costing system and a redetermined overhead rate based on machine hours. At the begin of the year the company estimated manufacturing overhead would be $240000 and machine hours would be 8,000.

job 10 job 11 job 12 job 13 work in progress inventory $16,000 $ 26,000 $38,000 $80,000 for Dec 1

Dec production activity:

materials requistioned $ 4000 48000 7200 16000
direct labor cost $ 2400 3600 4000 10000
machine hours 400 700 900 2000
labor hours 120 180 200 500
Actual manufacturing overhead cost incurred for Dec was $61,000

a) Determine total cost associated with each job and what is the cost assigned to ending work in progress
B) If jobs 10 and 12 were completed, prepare the journal entry to move the cost
c) If job 10 was sold to customers that paid $50000 cash prepare the journal entries

Reference no: EM13597619

Questions Cloud

The company has paid annual dividends of 32 48 and 60 a : the company has paid annual dividends of .32 .48 and .60 a share over the past three yrs. the company will maintian a

Many assets are presented at historical cost why does this : many assets are presented at historical cost. why does this accounting principle cause difficulities in financial

Provide your manage a comparison of the current reporting : provide your manage a comparison of the current reporting for debtexplaining the requirements for each type bond

Apocalyptica corp pays a constant 975 dividend on its stock : apocalyptica corp. pays a constant 9.75 dividend on its stock. the company will maintain this dividend for the next 11

A company uses a job order costing system and a : a company uses a job order costing system and a redetermined overhead rate based on machine hours. at the begin of the

On december 31 prior to adjustment allowance for doubtful : 1. on december 31 prior to adjustment allowance for doubtful accounts has a credit balance of 200. an age analysis of

A june sales forecast projects that 6000 units are going : a june sales forecast projects that 6000 units are going to be sold at a price of 10.50 per unit. the desired ending

Dorian company produces and sells a single product the : dorian company produces and sells a single product. the product sells for 60 per unit and has a contribution margin of

On july 1 2010 stine co purchased 100000 of 8 bonds for : on july 1 2010 stine co. purchased 100000 of 8 bonds for 97687.4 plus accrued interest as an available-for-sale

User Account

All Pages