What the cost of direct materials charged to Jobs

Assignment Help Accounting Basics
Reference no: EM132902586

Question - Jolly Co. employs the job order cost system. Relevant data for the month just ended are summarized below.

Work in process beginning P 100,000

Direct materials used for the month 200,000

Direct labor costs for the month 160,000

Overhead applied based on direct labor 120,000

Cost of goods completed 501,800

Ending work in process referred to Job 106 which was charged with direct labor of P12,000 and Job 107 charged with overhead of P9,600.

Required - What the cost of direct materials charged to Jobs 106 and 107?

Reference no: EM132902586

Questions Cloud

Explain how the article applies to the real world : Explain how the article applies to the real world, your major, your current job, or your future career goal and Analyze the reasons why the author chose to use
Give an example of a leadership strategic plan : Give an example of a leadership strategic plan.
Evaluate the organizational culture : Answer the following questions that cover potential ethical and corporate responsibility issues in the real estate industry
Develop an aon network for problem : Amy White is the director of marketing for the Imagination Toy Corporation (ITC). She just received a phone call from her boss indicating that the company's boa
What the cost of direct materials charged to Jobs : Ending work in process referred to Job 106 which was charged with direct labor of P12,000. What the cost of direct materials charged to Jobs
What is the modified duration of the bond : When rates rise 0.001, price reduces to 132.99, and when rates decrease by 0.001, price goes up to 135.85. What is the modified duration of the bond?
How much should our deposits be at the end of each year : Suppose further that we can earn a return of 6% on our savings, which are currently zero. How much should our deposits be at the end of each year
Describe the traditional model of money demand : Describe the traditional model of money demand we discussed in class.
Determine the corporate-level strategy : Determine the corporate-level strategy you think is most important to the long-term success of the firm and whether or not you judge this to be a good choice

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