Find the total cost that should have been recorded

Assignment Help Accounting Basics
Reference no: EM132593684

Question - On May 21, 2019, Christine worked 7.0 hours on Job A-1, and 3 hours on general "overhead activities." Christine is paid $17 per hour. Overhead is applied based on $25 per direct labor hour. Additionally, on May 21 Job A-1 requisitioned and entered into production $120 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 find the total cost that should have been recorded in the Work in Process for Job A-1 on May 21?

Reference no: EM132593684

Questions Cloud

Find the cost of the goods is transferred to which account : Find The cost of the goods is transferred to which account when goods are completed? finished goods inventory to cost of goods sold
Health promotion for multicultural populations : Mortality and morbidity from health-related causes have been increasing for past several years among several population groups living in large multicultural
Determine number of units completed : At the end of April all units were completed except for 725 units. Use this information to determine number of units completed
Opportunities and challenges in using and sharing big data : Discuss opportunities and challenges in using and sharing big data and companies can mitigate the risk factor and better smooth out the flow through
Find the total cost that should have been recorded : Indirect material is included in the overhead application rate. Use this information to find the total cost that should have been recorded
Which overapplied overhead indicates : Which Overapplied overhead indicates? either budgeted overhead differed from actual overhead costs or budgeted activity differed from actual activity or both
What is the unit cost of job if each product required a half : If each product required a half hour of direct labor, what is unit cost of Job 204? Budgeted overhead for the year was $35,000, based on 500 direct labor hour
How would you modify the spares support of the hpa : How would you modify the spares support of the HPA to bring the HPA availability back to greater than 95% at a minimum cost?
What the effective annual opportunity cost of paying monthly : What The effective annual opportunity cost of paying monthly as a percentage to two decimal places is?Mooncorp Insurance has quoted you an annual premium

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute the ending inventory for each year

The following information relates to the Choctaw Company. Required - Compute the ending inventory for each year using the dollar value LIFO method

  Prepare the journal entry to record the bond payable

The company uses the straight line method to amortize the premium. Prepare the journal entry to record the bond payable

  Explain the current issues in accounting and auditing

The objective of this project is for you to research a current issue in accounting, auditing, or tax that interests you in depth.

  Compute the cost of goods sold relating to the sale

SK Marine sells high-performance marine equipment to power boat owners. Compute the cost of goods sold relating to the sale

  Calculate skippito return on common equity

Assume that Skippito, Inc., has the following data: Net Income for 2010 - $223,000. Calculate Skippito's return on equity for 2010

  Compute the breakeven point in sales units

Techno Designs produces head covers for golf clubs. Compute the breakeven point in sales units. Compute the breakeven point in sales dollars

  What would be your future strategies goals and objectives

Consulting Decision: In no more than one typed page, provide a statement as if you were a hired consultant presenting to the CEO for both firms, what would be your future strategies, goals and objectives for this company?

  Prepare the company journal entry to record credit card

A company allows its customers to use bank credit cards to charge purchases. When customers use the credit cards, the net amount is deposited in the company's checking account.

  Discuss a zero percent chance of collection

Assume that accounts with a zero percent chance of collection are intended to be written off

  The school boards two main alternatives are as follows 1

the board of education for the central catskill school district is considering the acquisition of several minibuses for

  Shareholders of the conceptual framework

Discuss the importance to shareholders of the conceptual framework for corporate risk disclosure that is made explicit in the Turnbull Report.

  Describe how sales data are captured and recorded

Describe how sales data are captured and recorded at a restaurant such as Applebee..

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