What is amount of job costs added to Work

Assignment Help Accounting Basics
Reference no: EM132515259

Question - Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $3,000 of direct materials and used $4,500 of direct labor. The job was not finished by the end of September, but needed an additional $3,500 of direct materials in October and additional direct labor of $7,000 to finish the job. The company applies overhead at the end of each month at a rate of 100% of the direct labor cost. What is the amount of job costs added to Work in Process Inventory during October?

Reference no: EM132515259

Questions Cloud

Mean weight of parcels shipped on a particular route : An airfreight company wishes to test whether the mean weight of parcels shipped on a particular route exceeds 10 kg. A random sample of 49 shipping orders
What is Freys estimated cost of the architectural job : Frey estimates that the job will require the following direct labor. What is Frey's estimated cost of the architectural job
Calculate the cost per student enrolment for each process : Does the total cost per student enrolment provide a reliable estimate of the costs incurred to process each enrolment? Explain your answer.
List all possible samples of size 2 : In a population of size n=5 consisting of the age of each of them who are patients in a hospital. The age of each of them is given
What is amount of job costs added to Work : Job A3B was ordered by a customer on September 25. What is the amount of job costs added to Work in Process Inventory during October
Find variable unit cost data on the assembly : Company makes a partially completed assembly unit that it sells for $39 per unit. Normally, 45,000 units sold each year. Variable unit cost data on the assembly
Determined that 50 tissues is the mean number of tissues : Researchers determined that 50 tissues is the mean number of tissues used during a cold. Give the null and alternative hypotheses to determine
Compute the amount of under- or overapplied overhead : Adams Manufacturing allocates overhead to production on the basis of direct labor costs. Compute the amount of under- or overapplied overhead for the year
How many different dinner meals of 5 dishes : A Thai restaurant offers 5 fish dishes, 3 meat dishes, 3 vegetables dishes and 2 rice dishes for dinner service.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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