Determine the cost of jobs completed in february

Assignment Help Managerial Accounting
Reference no: EM132648710

Amy prints brochures for clients and uses job costing. She applies her overhead costs to jobs each month by adding 20 percent to prime costs.

In February, she had the blowing job activity:

a. Job Beginning Inventory Materials Added Direct Labor Added 115 P25,000 P 10,000

b. 716 F20,000 20,000

c. 177 20,000 10 000

d. Job 17 was incomplete at the end of February.

Question 1: Determine the cost of jobs completed in February.

a. P75,000

b. P35,000

C. P30,000

d. P126,000

Reference no: EM132648710

Questions Cloud

What is the total applied manufacturing overhead cost : What is the amount of Manufacturing overhead overapplied/underapplied? What is the total applied manufacturing overhead cost
MBS544 Accounting Processes Assignment : MBS544 Accounting Processes Assignment Help and Solution - Murdoch University, Australia - Assessment Writing Service
What is the ending balance for work in process : What is the actual manufacturing overhead cost incurred during December before adjustment? What is the ending balance for work in process?
What is Zaras product strategy : Evaluate consumer behavior and its effect on business performance and Conduct and apply marketing research to enhance decision making including segmentation
Determine the cost of jobs completed in february : Determine the cost of jobs completed in February. Amy prints brochures for clients and uses job costing. She applies her overhead costs to jobs each month
Determine the differential profit increase : Determine the differential profit increase (or decrease) if Unter accepts this proposal. Prices on regular sales will remain the same.
Make ready a memo to jim outlining recommendations : Jim Connor, Make ready a memo to Jim outlining your recommendations, making certain to include your reasons for the recommendation.
Describe end-user policy violations and security breaches : Given the following list of end-user policy violations and security breaches, select three breaches and identify strategies to control and monitor each event.
What is between wave riders ratios and the industry ratios : Jim Connor is the owner of Wave Riders, a surf shop located in West Palm Beach, What is between Wave Riders ratios and the industry ratios?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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