Determine the total cost that should have been recorded

Assignment Help Accounting Basics
Reference no: EM133184701

Question - On March 21, 2021, Christine worked 6.5 hours on Job A-1, and 3 hours on general "overhead activities."  Christine is paid $16 per hour.  Overhead is applied based on $22 per direct labor hour. Additionally, on March 21 Job A-1 requisitioned and entered into production $210 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: EM133184701

Questions Cloud

What is the target cost : What is the target cost if the company wants to maintain its same income level, and marketing department is correct in its estimation
What are purposes of opinion section in the auditor report : What are the purposes of the opinion section in the auditor's report? Identify the most important information included in the opinion section
Advantages and disadvantages of deficit spending : Write the advantages and disadvantages of deficit spending and the effects of federal government borrowing on the economy i.e., the "crowding out" effect.
How much do you have to deposit today : The current interest rate on savings account is 15%. How much do you have to deposit today in order to receive this amount in a year's time
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
Safe and secure hazmat transportation and storage : Describe the 10 Steps to assist in safe and secure HAZMAT transportation and storage.
Define budget variance : Define budget variance. Thinking about your professional or personal experience, when have you calculated or needed to calculate budget variance
CS957 Research Methods Assignment : CS957 Research Methods Assignment Help and Solution, University of Strathclyde - Assessment Writing Service - Defining a research problem
Probability and statistics : Discussion how probability and statistics are related and the differences between the two fields of mathematics.

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