Determine the total cost that should have been recorded

Assignment Help Accounting Basics
Reference no: EM132482789

Question - On May 21, 2019, Christine worked 5.5 hours on Job A-1, and 3 hours on general "overhead activities." Christine is paid $12 per hour. Overhead is applied based on $28 per direct labor hour. Additionally, on May 21 Job A-1 requisitioned and entered into production $220 of direct material. On May 21, Christine, while working on Job A-1 used $27 of indirect material. Indirect material is included in the overhead application rate. Use this information to determine the total cost that should have been recorded in the Work in Process for Job A-1 on May 21? Round your answer to the closest whole dollar.

Reference no: EM132482789

Questions Cloud

What is the use of accounting software : What is the use of accounting software? What are the positive and negative part of utilizing software for the accounting function
Which agency would be least effective in endeavors : Of these, which do you feel would be most effective in accomplishing homeland security goals in the international arena? Select and discuss a program in this.
Suppose that the public taste changes : How would you expect such a change to affect output, and the real wage in the classical model?
Government reduces the corporate income tax : Using a graph, explain what will happen to investment in Canada if the government reduces the corporate income tax, an households' expectation
Determine the total cost that should have been recorded : On May 21, 2019, Christine worked 5.5 hours on Job A-1, determine the total cost that should have been recorded in the Work in Process for Job A-1
What difficulties could you face as a new student : What difficulties could you face as a new student that you are unsure of how to address, and what are you most nervous or uncertain about as a new student?
Determine what should do when making the balance sheet : If the salary is paid to a shareholder-empolyee, Determine what should do when making the balance sheet and income statement? and provide the example.
Official definitions of money : Refer to the information above to answer this question. Most of the following items are included in the official definitions of money. Which is/are the exceptio
Determine the amount of factory overhead : During March, 5,750 hours were actually worked. Use this information to determine the amount of factory overhead that was (over) or under applied

Reviews

Write a Review

Accounting Basics Questions & Answers

  Randell company issues 7 10-year bonds with a par value of

randell company issues 7 10-year bonds with a par value of 150000 and semiannual interest payments. on the issue date

  Similarities of common stocks and bonds

Contrast the differences/similarities of common stocks and bonds. Explain how they would be used in the corporate environment.

  Lopez inc found that about 35 percent of its sales during

lopez inc. found that about 35 percent of its sales during the month were for cash. lopez has the following accounts

  Which of the following systems provides for a separate

which of the following systems provides for a separate record of the cost of each particular quantity of product that

  A potential project will provide 112000 cash flow in the

a potential project will provide 112000 cash flow in the first year of operation and this cash flow will increase by 8

  What are the motivations of politicians as regulators

HA3051 Accounting Theory - Interest Theory and what of the role of regulators (politicians)? What are the motivations of politicians as regulators?

  Problem regarding the working backward-prepaid insurance

On December 31, 2014, Baxter Company reported $8,000 in prepaid insurance on its balance sheet. The insurer requires Baxter to pay the annual premium of $24,000 in advance.

  Manufacturing budget analysis

Tom Emory and Jim Morris strolled back to their plant from the administrative offices of Ferguson & Son Manufacturing Company. Tom is manager of the machine shop in the company's factory; Jim is manager of the equipment maintenance department.

  Company''s stockholders equity

Barrett Company's stockholders' equity equals one-fourth of the company's total assets. The company's liabilities are $360,000. What is the amount of the company's stockholders' equity?

  If hallas company does close down the northwest plant fixed

hallas company manufactures a fast-bonding glue in its northwest plant. the company normally produces and sells 44000

  What is the amount of cash received by the seller

A sales invoice included the following information: merchandise price, RM12,000; what is the amount of cash received by the seller

  Arrow industries employs a standard cost system in which

arrow industries employs a standard cost system in which direct materials inventory is carried at standard cost. arrow

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