User Account

All Pages

Determine the balance on job cost sheets for jobs at april

Assignment Help Accounting Basics
Reference no: EM132675408

At the end of April, Kaye Company had completed Jobs 50 and 51. Job 50 is for 200 units, and Job 51 is for 2,000 units.
The following data relate to these two jobs:

  • On April 20, raw materials were requisitioned for production as follows: 600 units for Job 50 at $24 per unit and 900 units for Job 51 at $18 per unit.
  • During April, Kaye Company accumulated 200 hours of direct labor costs on Job 50 and 400 hours on Job 51. The total direct labor was incurred at a rate of $20 per direct labor hour for Job 50 and $10 per direct labor hour for Job 51.
  • The predetermined factory overhead rate is $11.00 per direct labor hour.

Problem a. Determine the balance on the job cost sheets for Jobs 50 and 51 at the end of April.
Job 50:
Job 51:

Problem b. Determine the cost per unit for Jobs 50 and 51 at the end of April. Round all answers to the nearest whole cent.
Job 50:
Job 51:

 

 

Reference no: EM132675408

Questions Cloud

Find a current business article about strategic management : Find a current business article about strategic management, in order to analyze the implementation process for strategic change
Assignment on emotional intelligence : Question: Based on the emotional intelligence notes and the situation; identify the issue that Ahmed is facing and suggest him ideas to overcome his emotional s
What is the fergusons federal income taxes payable : What is the Fergusons' 2019 federal income taxes payable or refund, including any self-employment tax and AMT, if applicable?
How could you use your knowledge of communication richness : 1. How could you use your knowledge of communication richness to be more effective in your own communications?
Determine the balance on job cost sheets for jobs at april : Determine the balance on the job cost sheets for Jobs 50 and 51 at the end of April. During April, Kaye Company accumulated 200 hours of direct labor costs.
Describe 5 key pitfalls that a company faces : Discuss two ways that technology have changed the way business is conducted globally.
What additional entry will wang required to make to reflect : Wng will Dr. Investment in chen for $600,000 and credit cash for $600,000. what additional entry will wang be required to make to reflect the increase in owners
Describe the concept of integrative trade : Describe and discuss the difference between a high-context culture and a low-context culture. Provide an example of each
Prepare the bank reconciliation for brown company : Prepare the bank reconciliation for Brown Company. The Brown Company bank statement for September 30, 20X5 showed a balance of $1,681.50.

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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