Riverside engineering is a machine shop that uses job order

Reference no: EM13481836

Riverside Engineering is a machine shop that uses job order costing. Overhead is applied to individual jobs at a predetermined rate based on direct labor costs. The job cost sheet for job no. 321 appears below. JOB COST SHEET JOB NUMBER: 321 DATE STARTED: May 10 PRODUCT: 2" Brass Check Valves DATE COMPLETED: May 21 UNITS COMPLETED: 4000 Direct materials used $ 7,300 Direct labor 1,100 Manufacturing overhead applied 3,200 Total cost of job no.

21 $ 11,600 Unit cost $ 2.90 a. Summarize the manufacturing costs charged to job no. 321. b. Record the completion of job no. 321. c. Record the credit sale of 2,300 units from job no. 321 at a unit sales price of $5. Record in a separate entry the related cost of goods sold. Prepare general journal entries to the above statements: General Journal Debit Credit a. b. c

Reference no: EM13481836

Questions Cloud

Bond ted has 20 years to maturity if interest rates : both bond bill and bond ted have 8 percent coupons make semiannual payments and are priced at par value. bond bill has

Andover corporation has been using the fifo cost flow : andover corporation has been using the fifo cost flow method during a prolonged period of inflation. during the same

Racing engines inc purchased a patent from johnson motors : racing engines inc. purchased a patent from johnson motors corporation for 18000000 on january 1 2007. the patent is

Compute the following variance indicating whether the : the following data pertain to the first week of operations during the month of junematerials actual

Riverside engineering is a machine shop that uses job order : riverside engineering is a machine shop that uses job order costing. overhead is applied to individual jobs at a

Paddle away sold 400 of those kayaks for 250 each - 100 : our company paddle away began operations on 1-1-12 and the year ended on 12-31-12. we buy kayaks and sell them in a

Will who is single and under age 50 is employed as a : will who is single and under age 50 is employed as a full-time tax accountant at a local manufacturing company where he

Compute the net cash inflow cash receipts less yearly cash : matheson electronics canadian branch will help introduce into canada the just developed new electronic device which

Interest of 854 has accrued on notes payable write : 1. the prepaid insurance account shows a debit of 6624 representing the cost of a 2-year fire insurance policy dated

User Account

All Pages