Journal entries for job order costing

Assignment Help Accounting Basics
Reference no: EM132132391

Question - Journal entries for job order costing

Cycle Specialists manufactures goods on a job order basis. Durin the month of June, three jobs were started in process. (There was no work in process at the beginning of the month.) Jobs Sprinters and Trekkers were completed and sold, on account, during the month (selling prices: Sprinters, $22,000; Trekkers, $27,000); Job Roadsters was still in process at the end of June.

The following data came from the job cost sheets for each job. The factory overhead includes a total of $1,200 of indirect materials and $900 of indirect labor.

Reference no: EM132132391

Questions Cloud

How does the potential barriers to effective strategic : How does the potential barriers to effective strategic planning in the health care environment differ from barriers encountered in the general business world?
Discuss the use of cloud backup strategies : Describe and discuss at least two backup strategies. Discuss the use of cloud backup strategies, as well? The response must be typed.
How personality develops over time : Briefly describe: (a) how personality develops over time, (b) the degree to which it becomes stable and when, and (c) general shifts that occur for most people
Global management perspective : In global management perspective What do you think you could use in your work-related activities to help?
Journal entries for job order costing : Journal entries for job order costing - Cycle Specialists manufactures goods on a job order basis. Durin the month of June, three jobs were started in process
How would you describe the personal style : How would you describe the personal style and preferences of the negotiators in the Far-East vs. the Westerners?
What is the difference between internet and internet : IT210 Using the provided LAN, What are the consequences if a connection fails in. What is the difference between internet and Internet?
What balanced scorecard elements does nordstrom : What balanced scorecard elements does Nordstrom seem to view as most important?
How did your side prepare for the negotiations : What were the Entering and Leaving points, of your party? How did your side prepare for the negotiations?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepared the income statement for the company

The following information is taken from December 31, 2015, adjusted Trial Balance, Prepared the 2015 Income statement for the company

  Prepare journal entries to integrate budget

Prepare journal entries to integrate budget

  Present value barney smith invests in a stock that will pay

present value barney smith invests in a stock that will pay dividends of 3.00 at the end of the first year 3.30 at the

  Discuss lend to different managerial decision making

These different objectives may lend to different managerial decision making, given the same limited resources

  Information technology that require large capital outlays

How might financial managers budget for unforeseen changes and improvements in information technology that require large capital outlays?

  Calculate measurements of central tendency and dispersal.

Determine confidence intervals for data.

  What entry is required in the depositors accounts

A check drawn by a depositor in payment of a voucher for $925 was recorded in the journal as $295. What entry is required in the depositor's accounts?

  How many fewer units would have to be sold

If the selling price can be increased by 18% with a similar increase in variable costs, how many fewer units would have to be sold to earn $190,000?

  What are the total long term contractual commitments

What type of leases, operating or capital, does PepsiCo report? (See Note 9.) Are these leases reported on PepsiCo's financial statements?

  Discussion and analysis of management

What types of information must be disclosed in the management discussion and analysis? Explain.

  Computer inventory assuming that solar value procedures

Compute the inventory value at Dec 31 each year under th dollar Value method assuming new layers are valued using the average price index

  Journalize the entry to record the sale of bonds on april

Journalize the entry to record the sale of bonds on April 1, 2012. For a compound transaction, if an amount box does not require an entry

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