Reference no: EM132731309
Question - Jacksonville Company uses a job order costing system. During May, the following costs appeared in the Work in process inventory account:
Beginning balance P30,000
Direct materials used P90,000
Direct labor incurred P75,000
Applied overhead P52,500
Cost of Goods manufactured P225,000
1. Jacksonville Company applies overhead on the basis of direct labor cost. There was only one job left in work in process at the end of May which contained P6, 300 of overhead. What amount of direct material was included?
a. P7,200
b. P9,000
c. P11,160
d. P11,790
2. The allocation base that would most likely be the best for allocating the indirect costs of marketing function is
a. Number of shipments
b. Number of salesperson
c. Number of customer phone calls
d. Direct labor hours
3. The allocation base that would be most likely to be the best for allocating the indirect costs of the distribution function is
a. Number of shipments
b. Number of sales person
c. Direct labor hours
|
Obstacles that virtual teams face
: Virtual teams are on the rise. Describe 3-5 obstacles that virtual teams face and offer a solution for a way to overcome each obstacle.
|
|
Which would not appear in the closing entries for the year
: Which would NOT appear in the closing entries for the year? Retained Earnings (beginning)1,750. Cost of Goods Sold16,700. Common Stock 1,800
|
|
How much profit will they make at present level of operation
: A company has fixed costs of $300,000 and produces one product with a selling price of $72.00. How much profit will they make at present level of operation
|
|
Identify the type of container
: Shipment 2 20 000 Crates Dimensions of each crate: L. 126cm x H. 25cm x W. 30cm Weight of each crate: 280 kg.
|
|
What amount of direct material was included
: There was only one job left in work in process at the end of May which contained P6, 300 of overhead. What amount of direct material was included
|
|
Find what sandra must recognize a gain of
: NoPo Corporation, a small business in the coffee roasting industry, Sandra basis in her NoPo stock is $8,000. Upon liquidation, Sandra must recognize a gain of?
|
|
Discussion of the international management
: Based on the discussion of the international management what advise would you offer to Maria.
|
|
Make the journal entries that bridgeport should record
: Make the journal entries, that Bridgeport should record on December 31, 2020. (Credit account titles are automatically indented when amount is entered.)
|
|
What the stock listed on the balance sheet was issued
: Paid-in capital in excess of par value-common 210,000. What the stock listed on the balance sheet was issued in a single transaction
|