Dapper corporation had only one job in process on may 1 the

Assignment Help Accounting Basics
Reference no: EM13578793

Dapper Corporation had only one job in process on May 1. The job had been charged with $1,010 of direct materials, $3,630 of direct labor, and $5,510 of manufacturing overhead cost. The company assigns overhead cost to jobs using the predetermined overhead rate of $15.70 per direct labor-hour.

During May, the following activity was recorded:

  Raw materials (all direct materials):
    Beginning balance $ 9,700
    Purchased during the month $25,000
    Used in production $31,400
  Labor:
    Direct labor-hours worked during the month 2,160
    Direct labor cost incurred $29,808
  Actual manufacturing overhead costs incurred $31,800
  Inventories:
    Raw materials, May 30 ?
    Work in process, May 30 $20,100

Dapper Corporation had only one job in process on May 1. The job had been charged with $1,010 of direct materials, $3,630 of direct labor, and $5,510 of manufacturing overhead cost. The company assigns overhead cost to jobs using the predetermined overhead rate of $15.70 per direct labor-hour.

Reference no: EM13578793

Questions Cloud

The procedure for sampling a lot is to select 5 components : lots of 40 components each are deemed unacceptable if they contain 3 or more defectives. the procedure for sampling a
Nanotech inc has a bond issue maturing in seven years that : nanotech inc. has a bond issue maturing in seven years that is paying a coupon rate of 10.42 percent semiannual
Use frequency and relative frequency distributions to : data for a sample of 55 members of the baseball hall of fame in cooperstown new york are shown here. each observation
A machine has 9 identical components that function : a machine has 9 identical components that function independently. the probability that a component will fail is 0.2.
Dapper corporation had only one job in process on may 1 the : dapper corporation had only one job in process on may 1. the job had been charged with 1010 of direct materials 3630 of
Ffty percent of new operators attend the course given : a firm is accustomed to training operators who do certain tasks on a production line. those operators who attend the
Show how to copy and paste the results of the two-tailed : show how to copy and paste the results of the two-tailed hypothesis test on a report.show how to figure the
A method of estimating bad debts that focuses on the : 1. an operating cyclea. is twelve months or less in lengthb. is the average time required for a company to collect its
If three items arrive off the process line in succession : in the field of quality control the science of statistics is often used to determine if a process is out of control.

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