Determine the total cost that should have been recorded

Assignment Help Accounting Basics
Reference no: EM133135392

Question - On March 21, 2021, Christine worked 7.0 hours on Job A-1, and 3 hours on general overhead activities. Christine is paid $19 per hour. Overhead is applied based on $20 per direct labor hour. Additionally, on March 21 Job A-1 requisitioned and entered into production $100 of direct material. On March 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 March 21?

Reference no: EM133135392

Questions Cloud

What is the amortization deduction only : On March 1, 20X1 you purchased a business with the following asset values for $250,000: What is the amortization deduction only for 20X1
Describe team in which you worked : Describe the team in which you worked. Why do you consider it a team rather than a group? What was your experience like?
Major techniques used to elicit tacit knowledge : Describe the major techniques used to elicit tacit knowledge. Describe the role of "Communities of practice" in Knowledge management.
Describe the roles of directional-marketing-operations : Describe the roles of directional, marketing, operations and human resource strategies in the overall well-being of your selected company.
Determine the total cost that should have been recorded : Indirect material is included in the overhead application rate. Use this information to determine the total cost that should have been recorded
Five elements of a performance management process : Thoroughly evaluate and develop the following five elements of a performance management process:
Broad banding as compensation plan : Analyze the advantages and disadvantages of broadbanding as a compensation plan.
Determine for December amount of Earnings per Share : The Common Stock account for Baltimore Corporation on January 1, 2020 was $50,000. Determine for December 31, 2020 the amount of Earnings per Share
Democratic-participative leadership : What is Democratic, Participative leadership style? Explain.

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