What is the amount of labor cost charged to wip

Assignment Help Cost Accounting
Reference no: EM132793205

Problem 1: James worked a total of 186 hours for the month of June 2020. His rate per hour is working hours of the 450 per hour. Overtime premium is 30%. The company is 8 hours a day. The company's regular working days is from Monday to Friday or 5 days a week. Overtime was due to customer's specifications / order. What is the amount of labor cost charged to WIP?

Reference no: EM132793205

Questions Cloud

What are the tax consequences to Terry : Therefore, when Terry deeds the property to the creditor, she also receives $25,000 from the creditor. What are the tax consequences to Terry
What is the carrying value of the loan as of march : M& M Bank granted a loan to a borrower. What is the carrying value of the loan as of March 31, 2021? What is the Carrying value of the loan as of April 1, 2020?
Calculate after-tax cash flow at disposal : Calculate After-Tax Cash Flow at disposal. Genetic Insights Co. purchases an asset for $10,762. This asset qualifies as a seven-year recovery asset under MACRS.
How much will appear as the carrying amount : In the note amortization schedule before impairment, how much will appear as the carrying amount of the note as of December 31, 2019
What is the amount of labor cost charged to wip : Monday to Friday or 5 days a week. Overtime was due to customer's specifications / order. What is the amount of labor cost charged to WIP?
Prepare all journal entries for the year on Alfa books : Alfa has calculated the lease payments to Romeo to be $ 33,500 per year for 4 years. Prepare all journal entries for the 2020 year on Alfa's books
What impact would the new capital structure have on the firm : What impact would the new capital structure have on the firm's net income, total dollar return to investors, and return on equity (ROE)?
Explain activity based costing and target costing : Explain activity based costing, target costing, life cycle costing and total quality management as alternative cost management techniques
Reflection paper - the great debaters : Once students have watched the video, your must complete the video study - Reflection Paper. This is an informal paper that students can write rather informally

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost accounting assignment

Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.

  Prepare the journal entries

Prepare the journal entries to record the bond issue and interest expense.

  Advise as to the liability of all the parties

Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.

  Prepare revenues budget

Prepare Revenues budget and Production budget in units

  Effect of exchange rate changes on cash and cash

Effect of exchange rate changes on cash and cash

  Corporate governance

You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.

  Cost-benefit analysis

A cost-benefit analysis of electronic medical records in primary care

  Non-annual interest rates and annuities

Theory of Interest- Non-annual interest rates and annuities

  Job costing in service organizations

How is job costing in service organizations different from job costing in manufacturing environments?

  Accounting for bad debt expense

Accounting for bad debt expense

  Accounting and partnership problems

Accounting and Partnership problems

  Development of relevant cash flows

Development of relevant cash flows - Cost estimating and financial analysis

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