Make the proper t-accounts and demostrate all balances and

Reference no: EM13454340

Directions:

After reading the scenario, complete the task below the scenario.

Scenario:

Just4U Company uses a job order cost system. The following data summarize the operations related to production for the month of January 20xx.

a) Materials purchased on account: $150,000

b) Materials requisitioned and Factory labor used:

JOB ORDER	MATERIALS	LABOR
601	$32,400	$19,300
602	$21,300	$15,200
603	$28,400	$17,500
604	$26,308	$16,395
605	$31,225	$18,422
General Factory Use	$5,300	$32,400

c) Factory overhead costs incurred on account: $34,500

d) Depreciation of machinery and equipment: $5,100

e) The factory overhead rate is $50 per machine hour.

Job Order	Machine Hours Used
601	320
602	225
603	300
604	285
605	312

f) Jobs completed: #601, #603, #605

g) Jobs shipped and billed: #601: $113,200, #605: $88,350

Task:

Prepare the proper t-accounts and show all balances and determine gross profit.

Reference no: EM13454340

Questions Cloud

In most of the developing countries diseases from : in many developing countries diseases from inadequate water supply and water contamination are a major cause of

When conducting a detailed analysis explain the method : when conducting a detailed analysis explain the method technic of operations review. explain how it allows both

Purity ice cream company bought new ice cream maker at : purity ice cream company bought a new ice cream maker at the beginning of the year at a cost of 28000. the estimated

Discuss the findings of recent epidemiological studies on : 1.discuss the findings of recent epidemiological studies on ozone. you may use the information in your text or the epa

Make the proper t-accounts and demostrate all balances and : directionsafter reading the scenario complete the task below the scenario.scenariojust4u company uses a job order cost

Choose an epa superfund site from any state in the us : choose an epa superfund site from any state in the u.s. research and prepare a one page report that summarizes the

Assume that both firm collude with each other and share : demand for a good can be characterized by p 100 - q. there are two firms firm 1 and firm 2. they have identical cost

Is a wap required for all tsdfrsquos which agency must : is a wap required for all tsdfrsquos? which agency must approve the wap as part of the permit application? what are

Write down a 200 to 350 word abstract in which would be : write a 200- to 350-word abstract in which would be used to preface a paper on a researched public policy law or global

User Account

All Pages