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

  Determine the current ratio and quick ratio

Determine the (a) current ratio, and (b) quick ratio. Round your answer to one digit after the decimal.

  Significance and usefulness of accounting cycle

Please discuss the value of the accounting cycle to the including:

  The building and equipment are estimated to cost 1100000

thurman munster the owner of adams family rvs is considering the addition of a service center his lot. the building and

  Briefly describe the importance of web services

Briefly describe the importance of Web services. What is involved?

  Prepare a journal entry to record completed production

Accounting 103 Midterm Examination Part 1. Assume the completed production for August includes Job 317, 318, and 319 with total costs of $31,000, $18,000, and $22,000 respectively. Determine the cost of unfinished jobs at August 31 and prepare a jou..

  Depreciation deductions against the asset

Hart, an individual, bought an asset for $500,000 and has claimed $100,000 of depreciation deductions against the asset

  Prepare the adjusting entry on december

Martel Co. has $320,000 in Accounts Receivable on December 31, 20-1, the end of its first year of operations. The business is new, so it has no prior experience with uncollectible accounts.

  Compute the cost of goods sold from the information

Compute the cost of goods sold from the following information: Beginning Inventory, $30,000; Purchases, $70,000; Purchase Returns, $3,000; Ending Inventory, $34,000.

  How many tams would have to be sold next year

Cybil Baunt just inherited a 1958 Chevy Impala from her late Aunt Joop. Aunt Joop purchased the car 25 years ago for $5,000. Cybil is either going to sell the car for $2,000 or have it restored and sell it for $16,000. The restoration will cost $1..

  Error on various financial statement items

Analyze the effects of an inventory error on various financial statement items. The link between the balance sheet and the income statement can be seen through the effect of errors in inventory valuation.

  Specific identification method

1. Specific identification method. Boston Galleries uses the specific identification method for inventory valuation. Inventory information for several oil paintings follows.

  Make the income statement and balance sheet

Prepare the general journal for Sana Consulting for the month of February 2018 and record all journal entries. Post all journal entries to ledger accounts

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