Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during March—Job P and Job Q. Job P was completed and sold by the end of the March and Job Q was incomplete at the end of the March. The company uses a plantwide predetermined overhead rate based on direct labor-hours. The following additional information is available for the company as a whole and for Jobs P and Q (all data and questions relate to the month of March): Estimated total fixed manufacturing overhead $15,000 Estimated variable manufacturing overhead per direct labor-hour $ 2.00 Estimated total direct labor-hours to be worked 3,000 Total actual manufacturing overhead costs incurred $19,000 Direct materials Job P $19,500 Job Q $9,000 Direct labor cost Job P $31,500 Job Q $7,500 Actual direct labor-hours worked Job P 2,100 Job Q 500 1. What is the company’s predetermined overhead rate? (Round your answers to 2 decimal places.) 2. How much manufacturing overhead was applied to Job P and Job Q? (Round your intermediate calculations to 2 decimal places.) 3. If Job P includes 30 units, what is its unit product cost? 3-b. What is the total amount of manufacturing cost assigned to Job Q as of the end of March (including applied overhead)?
Fraudulent sales are occasionally recorded at year-end as a means of overstating financial results. As examples, companies may engage in inappropriate bill and hold transactions or channel stuffing. Describe two conditions that might indicate the rec..
Assume the following transactions occurred during the year. The annual accounting period ends on December 31.
Use your kills to Analyze, compare, criticize, evaluate and justify the answers in a process to solve the assignment.
he is inclined to continue to serve that client by herself, not with the LLP's resources. What do you recommend Edie include in the partnership agreement to avoid her having liability to the LLP? Why?
Compute the annual depreciation and carrying value for the new crane for each of the 6 years under each of the following methods:- Straight-line.
Complete Famous Cuts adjusted trial balance and Key each adjustment by letter.
Beginning with January 1, 2011, five equal deposits are to be made in a fund.
Prepare the Journal Entries in the General Journal. Post Adjusting Entries to the General Ledger. Post Closing Entries to the General Ledger. Prepare an Adjusted Trial Balance.
Prepare the necessary adjusting entries for December. Post the December adjusting entries to the appropriate ledger accounts. Complete the 10-column worksheet for the year ended December 31.
An income statement of a manufacturer
Rossetter, Inc., has 10 employees. Jan and Fred are each paid a salary of $4,000 per month. Joe, Betty, Frankie, and Donita are paid $10 per hour. Abby, Norman, Bill, and Erika are paid on a commission basis at a rate of 2 percent of their indi..
Prepare an adjusted trial balance and prepare the income statement and a retained earnings statement for July and a classifiedbalance sheet at July 31.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd