Compute the cost per finished window frame for job

Assignment Help Accounting Basics
Reference no: EM132991383

Question - McNight Handcraft manufactures window frames using a job costing system. During March, the following costs are incurred on Job 120 to manufacture 400 frames:

Original Costs:

Direct Materials $13,200

Direct Labour 16,000

Manufacturing Overhead Allocated 24,000

TOTAL $53,200

Direct costs of reworking 10 frames:

Direct materials $2,000

Direct labour 3,200

TOTAL $ 5,200

Required -

a. Prepare the journal entry to record the rework costs, assuming the rework is attributable specifically to Job 120.

b. Compute the cost per finished window frame for Job 120, assuming the reword is attributable specifically to this job.

c. Prepare the journal entry to record the rework costs, assuming the rework is common to all jobs.

d. Compute the cost per finished window frame for Job 120, assuming the rework is common the all jobs.

Reference no: EM132991383

Questions Cloud

How should advise the patients their medications : How should you advise these patients and manage their medications? What was the process you went through to assess the current medications
How climate change risk has affected the fisheries industry : Identify and justify how Climate change risk has affected the fisheries industry and inadvertently the fishing companies
Which method would utilize to collect data : Which type of research would you use, and which method would you utilize to collect data? Suppose you are going to conduct a study utilizing Quantitative
Identify four risks that tan beng motors is facing : Identify four risks that Tan Beng Motors is facing and how these risks would affect the auditor's judgment and assessment on the acceptable level of audit risk
Compute the cost per finished window frame for job : Compute the cost per finished window frame for Job 120, assuming the reword is attributable specifically to this job
Explain support option for adolescents encountering stressor : Discuss support options for adolescents encountering external stressors. Include specific support options for the contemporary issue you presented.
What is sensitivity of bond prices to interest rate movement : Question - What is the sensitivity of bond prices to interest rate movements & How to measure the bond price sensitivity? Explain with example
What additional recommendations would have at the time : What additional recommendations would you have at this time regarding pain management? Are there any other therapeutic issues that should be addressed?
What is the balance of the common stock account : Tsong Go Corporation allows the issuance of a maximum of 4,000,000 shares of P1 par value common stock. What is the balance of the Common Stock account

Reviews

Write a Review

Accounting Basics Questions & Answers

  Calculate the cost of machine setup

Calculate the cost of machine setup, quality assurance, and engineering to be charged to product H17

  How much is the ending total assets

During the period, total liabilities decreased to 40,000. The business reported profit of 50k for the period. How much is the ending total assets

  Prepare an income statement for July

Prepare an income statement for July, a statement of owner's equity for July, and a balance sheet as of July 31, 2018

  Abc company produces product x product y and product z all

abc company produces product x product y and product z. all three products require processing on specialized finishing

  Prepare a report showing gelato supremo revenue

Gelato Supremo is a popular neighborhood gelato shop. The company has provided the following data concerning its operations:

  Make a single-step income statement for Marigold

Marigold Co. had sales revenue of $559,400 in 2020. Make a single-step income statement for Marigold for 2020. Marigold has 108,100 shares of stock outstanding

  Compute the total cost of job

Job A45 required 4 boxes of direct materials at a cost of $30 per box and took employees 20 hours to complete

  El dorado company has two production plants recently the

el dorado company has two production plants. recently the company conducted an abm study to determine the cost of

  Computing ending inventory at september using fifo

Computing ending inventory at September 30 using FIFO, LIFO, and moving-average cost

  Question - Insider Trading and Fiduciary Duty

Question - Insider Trading and Fiduciary Duty - how should employees honor their fiduciary duty to safeguard the firm's assets and treat clients equitably

  Major categories of operating, investing

The Vintage Laundry Company purchased $6,500 worth of laundry supplies on June 2 and recorded the purchase as an asset. On June 30, an inventory of the laundry supplies indicated only $2,000 on hand. The adjusting entry that should be made by the ..

  Investigation-forensic relevant with digital crime-terrorism

There are several reasons that investigation and forensics is relevant with digital crime and terrorism. First reason is with the uncertainty as investigators may face situations where evidences and information about the compromised system may be..

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