Managerial, accounting, Basic Statistics

Assignment Help:
Manchester Custom Fabricating Company uses a job order system. At the beginning of May, Manchester had two jobs in process, Job #22 (DM = $600 and DL = $780), and Job #23 (DM = $750 and DL = $400). Manufacturing Overhead was also applied per the POR rate of 125% of DL$. The POR rate is for the entire year.
Job #23 was finished during May. An additional $1250 in material costs and $850 in labor costs were added during May to complete the job.
Job #24 was started but not finished in May. In May, material costs were $1,250 and labor costs were $1450
Job #22 will be finished in early June. An additional $950 in material costs and $750 in labor costs were added during May
What is Manchester’s ending WIP balance and cost of goods manufactured for May?

Related Discussions:- Managerial, accounting

Factorial anova , Assessment Two tests your ability to conduct a factorial ...

Assessment Two tests your ability to conduct a factorial ANOVA and make appropriate decisions regarding any follow up comparisons. The following data set is adapted from Jaccard an

Momentum and energy, Momentum and Energy Statement 1: If there is a defin...

Momentum and Energy Statement 1: If there is a definite force there is a definite displacement, which means that work is done definitely by the force. And Statement 2: The wor

Calculate total rate, A psychologist developed a test designed to help pred...

A psychologist developed a test designed to help predict whether production-line workers in a large industry will perform satisfactorily. A test was administered to all new employe

financial performance using ratios, Write a report to an investor comparin...

Write a report to an investor comparing the performance by using the financial statements between two different companies

Standard deviation of the sample - normal distribution, Imagine that a samp...

Imagine that a sample of 400 rental units shows that (i) the distribution of rents paid per month is not described by a normal distribution, (ii) that the mean rent of the sampl

material costing and control, summarize chapter 2 in three pages, material...

summarize chapter 2 in three pages, material costing and control

Continuous probability distributions, Continuous probability distributions:...

Continuous probability distributions: Procurement and working capital analysis – Normally distributed random variables and their transformation Procedures The data is measure

Detemine lambda , A.  A computer rejuvenation facility receives systems fro...

A.  A computer rejuvenation facility receives systems from the fleet at 24 systems/day (assume this is a Poisson process).  It takes the triage function 30 minutes (assumed exponen

Governmental Accounting, The fund statements for gorvernmental funds should...

The fund statements for gorvernmental funds should include a? A. Balance sheet for governmental funds. B. Statement of revenues,expenses, and changes in fund net assets. C.Statemen

Conceptual structure of financial, conceptual structure of financial In...

conceptual structure of financial In financial accounting, There were many breaks in the conceptual structure of individual forums for example both the forums hadn't conducted

Write Your Message!

Captcha
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