Calculate the total cost of the job for Isabella Ross

Assignment Help Accounting Basics
Reference no: EM132692803

Question - Brooke Alexandra Designs custom crafts wedding dresses. Each job is unique and she began operations on May 1st. During May, she worked on only 2 jobs:

Client: Isabella Ross Client: Carolyn Pepe

Direct Materials $8,000 $5,000

Direct Labor Hours 100 hours 70 hours

Direct Manufacturing Labor $12,000 $7,000

The company applies overhead on the basis of direct labor hours at a rate of $30 per direct labor hour. Only one job (Carolyn Pepe) is still in process on May 31st.

Required -

1. Calculate the total cost of the job for Isabella Ross?

2. What is the ending balance in the WIP Control Account at the end of May?

Reference no: EM132692803

Questions Cloud

Update the cash receipts and cash payments journals : Update the cash receipts and cash payments journals by adding the necessary adjustments and calculate the total cash receipts and cash payments for May
Management strategic planning : What are the limitations of using break-even point, and how would you incorporate this point with management strategic planning?
Calculate the amount of allocated manufacturing overhead : Budgeted Direct-labor hours 20,000. If 21,000 direct labor hours are used, calculate the amount of allocated manufacturing overhead
Stressors-stress and outcomes model : Using the "Stressors, Stress, and Outcomes model" presented on slide 4 of the Stress Powerpoint slides, what stressors are present in Eric's life,
Calculate the total cost of the job for Isabella Ross : Brooke Alexandra Designs custom crafts wedding dresses. Each job is unique and she began operations on May 1st. Calculate the total cost of the job for Isabella
Calculate the transaction price for this contract : Wildhorse Treasures has a stated return policy of 20 days from the date of sale and based on past transactions, Calculate transaction price for this contract
Prepare evaluation of the performance : Prepare an evaluation of the performance of the Radiology Department Manager for a hospital.
Prepare the journal entry to close the overhead accounts : Prepare the journal entry to close the overhead accounts if the balance in (c) is considered immaterial and written off to COGS
Economic downturn, and problems with corruption : How might the methods that IKEA uses to deal with external stressors, such as global economic and political conditions

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd