Reference no: EM132726960
Question - At the beginning of June, Rhone Company had two jobs in process, Job 44 and Job 45, with the following accumulated cost information:
|
Job 44
|
Job 45
|
Direct materials
|
$5,300
|
$1,300
|
Direct labor
|
1,400
|
3,100
|
Applied overhead
|
980
|
2,170
|
Balance, June 1
|
$7,680
|
$6,570
|
During June, two more jobs (46 and 47) were started. The following direct materials and direct labor costs were added to the four jobs during the month of June:
|
Job 44
|
Job 45
|
Job 46
|
Job 47
|
Direct materials
|
$2,400
|
$7,160
|
$1,850
|
$1,750
|
Direct labor
|
740
|
6,420
|
1,000
|
520
|
At the end of June, Jobs 44, 45, and 47 were completed. Only Job 45 was sold. On June 1, the balance in Finished Goods was zero.
Required -
1. Calculate the overhead rate based on direct labor cost. Round to three decimal places.
2. Prepare a brief job-order cost sheet for the four jobs. Show the balance as of June 1 as well as direct materials and direct labor added in June. Apply overhead to the four jobs for the month of June, and show the ending balances.
3. Calculate the ending balances of Work in Process and Finished Goods as of June 30.
4. What is the Cost of Goods Sold for June?
Techniques for predictive modeling
: Techniques for Predictive Modeling. What is the so-called "black-box" syndrome? What is the meaning of "maximum margin hyperplanes"?
|
Prepare the amortization table for the lease liability
: The contract provides for a purchase option with an exercise price of P500, 000. Prepare the amortization table for the lease liability
|
What are the three main purposes of budgeting
: What are the three main purposes of budgeting? What are the purposes of master, planned operating, and financial budgets
|
Explain how each can affect performance and productivity
: Select any three of the items in ‘a' above and explain how each can, for good or bad, affect performance/productivity? The response must be typed.
|
Calculate the overhead rate based on direct labor cost
: At the end of June, Jobs 44, 45, and 47 were completed. Only Job 45 was sold. Calculate the overhead rate based on direct labor cost
|
ICTNWK503 Install and maintain valid authentication process
: ICTNWK503 Install and maintain valid authentication processes Assignment Help and Solution, Australian Harbour International College -Assessment Writing Service
|
Pavement and storm water management facilities
: Identify what type of critical infrastructure data collection is needed for pavement and storm water management facilities.
|
Explain difficult goals as a way of motivating employees
: What are some of the potential negative effects of setting specific, difficult goals as a way of motivating employees? How can these unintended negative effects
|
The hyperlink to one federal statute
: The hyperlink to one federal statute which influences commerce on the internet and summarize in not less than 100 words what that statute accomplishes.
|