Reference no: EM13911011
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs.
.png)
Job 102 was started in production in May and the following costs were assigned to it in May: direct materials, $ 6,000; direct labor, $ 1,800; and overhead, $ 900. Jobs 103 and 104 are started in June. Overhead cost is applied with a predetermined rate based on direct labor cost. Jobs 102 and 103 are finished in June, and Job 104 is expected to be finished in July. No raw materials are used indirectly in June. Using this information, answer the following questions. (Assume this company's predetermined overhead rate did not change across these months).
1. What is the cost of the raw materials requisitioned in June for each of the three jobs?
2. How much direct labor cost is incurred during June for each of the three jobs?
3. What predetermined overhead rate is used during June?
4. How much total cost is transferred to finished goods during June?
|
Why is xml an important technology
: Why is XML an important technology?
|
|
Find the modified internal rate of return
: Find the Modified Internal Rate of Return (MIRR) for the following series of future cash flows, given a discount rate of 11%: Year 0: -$22,000; Year 1: $5,000; Year 2: $6,000; Year 3: $7,000; Year 4: $7,500; and, Year 5: $8,000.
|
|
Paid dividends to the preferred shareholders
: A firm cannot pay dividend to its common stock until it has paid dividends to the preferred shareholders, and the company reserves the right to postpone the perferred stock dividend into next year in a bad performance year. This is ______________ of ..
|
|
Briefly describe how the internet phone service operates
: Briefly describe how the Internet phone service operates. Discuss the potential impact that this service could have on traditional telephone services and carriers.
|
|
What is the cost of the raw materials requisitioned in june
: As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs.
|
|
Describe how a company could use a blog and podcasting
: Describe how a company could use a blog and podcasting.
|
|
Briefly summarize the differences in how the internet
: Briefly summarize the differences in how the Internet, a company intranet, and an extranet are accessed and used.
|
|
Describes the IRR decision criterion
: Which of the statements below describes the IRR decision criterion?
|
|
Securities are similar to treasury bills in the way
: Federal agency securities are similar to Treasury bills in the way that they are both risk-free. Similar to Treasury-bonds, TIPS and STRIP are also issued by the US Treasury.
|