Jbooth company produces a product that passes through an

Assignment Help Accounting Basics
Reference no: EM13566881

Jbooth Company produces a product that passes through an assembly process and a finishing process. All manufacturing costs are added uniformly for both processes. The following information was obtained for the assembly department for March: a. WIP, March 1, had 48,000 units and the following costs: Direct materials. $186,256 Direct labor 64,864 Overhead applied 34,400 b. During March, 138,400 units were completed and transferred to the finishing department, and the following costs were added to production: Direct materials .$267,880 Direct labor 281,280 Overhead applied . 117,144 c. On March 31, there were 21,600 partially completed units in process. These units were 70 percent complete. Required: Prepare a production report for the assembly department for March using the FIFO method of costing.

Reference no: EM13566881

Questions Cloud

Data from the income statement of dray company for the : data from the income statement of dray company for the current fiscal year ended on december 31st and are presented
A five-year project has an initial fixed asset investment : a five-year project has an initial fixed asset investment of 295000 an initial nwc investment of 27000 and an annual
Reading selection from swifts a modest proposal swift : choose one 1 of the three reading selections from the list of topic choices below. read the selection in the textbook.
A standard costing system a is not typically used by : a standard costing system a. is not typically used by management for cost planning and cost control purposes b. is a
Jbooth company produces a product that passes through an : jbooth company produces a product that passes through an assembly process and a finishing process. all manufacturing
Calculate the investments equivalent annual costs and rank : 1. when appraising mutually exclusive investments in plant and equipment financial managers calculate the investments
Prepare a module case study as a powerpoint presentation : prepare a module case study as a powerpoint presentation regarding automation in flight operationsonce again go to the
Why are interest rates on short-term loans not necessarily : why are interest rates on short-term loans not necessarily comparable to each other? give three possible
According to the purchasing power parity and everything : 1 assume that the following are the predicted inflation rates in these countries for the year 2 for the united states

Reviews

Write a Review

Accounting Basics Questions & Answers

  Focus on how auditing and ethics are related or how ethical

focus on how auditing and ethics are related or how ethical behavior helped impact auditors on their audit engagement.

  What institutions or entities are the long-term holders

What institutions or entities are the long-term holders of private commercial real estate debt and what is the fastest growing source of long-term mortgage funds?

  Prepare the appropriate journal entries to record salaries

lee financial services pays employees monthly. payroll information is listed below for january 2013 the first month of

  Determining amount of amortization expense

In January of 2007, Kerr successfully defends the patent at a cost of $81,000, extending the patent's life to 12/31/18. What amount of amortization expense would Kerr record in 2007?

  Smile alot dental sad provides three basic service

smile alot dental sad provides three basic service appointments cleaning check-up and full service.total annual costs

  Wilson wonderss bonds have 12 years remaining to maturity

wilson wonderss bonds have 12 years remaining to maturity. interest is paid annually the bonds have a 1000 par value

  The principal difference between the merchandising and

the principal difference between a merchandising and a manufacturing income statement is thea extraordinary item

  Statements for the possibility of bad debts

What are the signs you would look out for in the financial statements for the possibility of bad debts? Give reasons for your answers.

  When entering assets, enter them in order of liquidity

The following are the amounts of the assets and liabilities of New World Travel Agency at December 31, 2014, the end of the current year, and its revenue and expenses for the year. The retained earnings were $53,470 on January 1, 2014, the beg..

  Determining result of reconciliation

Reisner Company assembled the following information in completing its March bank reconciliation: balance per bank $11,460; outstanding checks $2,325; deposits in transit $3,750; NSF check $240; bank service charge $75;

  Treatment of preacquisition earnings

Which of the following is correct about the treatment of preacquisition earnings on consolidated financial statements?

  They pay 60 with cash the month it is incurred they pay for

a company has operational expenses of the followingjan - 250000feb - 350000mar - 275000apr - 250000may - 225000they pay

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