How much did the boat cost to build

Assignment Help Accounting Basics
Reference no: EM133105996

Question - Along with 2 other projects, Yolo, Inc. built a custom boat for Don Johnson in December. Direct labor in the production division was $36,000 for 1,200 hours. The Johnson project accounted for 400 of those hours and used up raw materials inventory of $100,000. Rent and insurance on the factory were $24,000. Selling and administrative costs were $120,000. Yolo assigns manufacturing overhead based on direct labor hours. According to the job cost sheet, how much did the boat cost to build?

Reference no: EM133105996

Questions Cloud

What the balance of beth capital account after the sale : Partners Donna, Beth, and Cathy have capital account balances of $97000 each. What the balance of Beth Capital account after the sale
Who is covered by medicare : Who is covered by Medicare? Medicaid? What medical services does Medicare Parts A, B, and D cover? What restrictions are placed on them?
What is appropriate dress : What is appropriate dress? Remember to come next week as an intern!!
Prevent the associated problems from occurring : What would you have done to prevent the associated problems from occurring?
How much did the boat cost to build : Yolo assigns manufacturing overhead based on direct labor hours. According to the job cost sheet, how much did the boat cost to build
What did julia woodland do right : 1. Overall, what did Julia Woodland do right? What could she have done differently?
Major component and goal of construction contracts : A major component and goal of construction contracts is to minimize the risks on a construction project. F
Why is sdg 5 a wicked problem : Why is sdg 5(gender quality a sustainability issue and why is it important?
Building a relational database management system : Building a Relational Database Management System - design a conceptual model of the database and draw an ER diagram that can capture the information needed

Reviews

Write a Review

Accounting Basics Questions & Answers

  How do create a statement of stockholders equity

Tamarisk Co. has January 1, 2020, balances in common stock $365,300; How do create a statement of stockholders' equity

  Determine the change in fv due to physical and price change

Determine the change in FV due to physical and price change that should be recognized as an income for the company in year 2018.

  Prepare a cost-volume-profit income statement

The Case Study focuses on CVP (Cost-Volume-Profit), break-even, and margin of safety analyses which allows students to experience

  Compute the total, price and quantity variances for material

Wales Company purchased (at a cost of $11,680) and used 2,000 pounds of materials during May. Wales's standard cost of materials per unit produced is based on 2.70 pounds per unit at a cost $5.90 per pound. Production in May was 680 units.

  What was the depreciation for the first year

Equipment was acquired at the beginning of the year at a cost of $465,000. What was the depreciation for the first year

  Identifying and analyzing financial statement effects

Identifying and Analyzing Financial Statement Effects of Cash Dividends. On March 15, 2018, Bank of America issued 94,000 shares of 5.875% Fixed-to-Floating.

  Insurance expense had expired during the year.

Santo Company's adjusted trial balance on December 31, 2013, follows.

  Cost of common stock equity ross textiles wishes to measure

cost of common stock equity ross textiles wishes to measure its cost of common stock equity. the firms stock is

  Identify any principles of internal control

Required: Identify (& briefly explain) any principles of internal control that may be violated in the above situation

  What amount of gain does simone recognize in the exchange

Simone transferred 100%, What amount of gain does Simone recognize in the exchange and what is her basis in the Plum stock she receives?

  What gain will John recognize on the transfer

John transfers property worth $350,000 (basis of $170,000) to Toucan for 1,000 more of its shares. What gain, if any, will John recognize on the transfer

  Compute the amount of a lease payment where a five 5 year

compute the amount of a lease payment where a five 5 year lease is signed on april 24 2014 and is to be repaid in

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