Job order costing, accounting, Basic Statistics

Bedovin company manufactures office tables and chairs using job order costing. The data given below were taken from the records as of April 30, the first month of operations.

Job no.-- materials-- direct labor hours--- directlabor cost
121 ---- 2,160---------- 650---- --------------800
122 ---- 4,575--------- 1850 ----------------3625
123---- 5,637 ----------4100 ----------------7162.50
124 ----1,612---------- 750 ------------------1400
125---- 3,250--------- 1600 -----------------3,050
126 ----1,375 ----------490 ---------------- 825

In april, jobs no. 121, 122 and 125 were completed, job nos. 124 and 125 were sold for 6,200 and 15,200 respectively. overhead is applied at a rate of 1.50 per direct labor, actual factory overhead for april amounted to 15,175.00

what is the total cost of goods manufactured for the month?
what is the gross profit for the month?

Posted Date: 2/17/2012 6:24:07 AM | Location : United States







Related Discussions:- Job order costing, accounting, Assignment Help, Ask Question on Job order costing, accounting, Get Answer, Expert's Help, Job order costing, accounting Discussions

Write discussion on Job order costing, accounting
Your posts are moderated
Related Questions

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

Two components, A and B, are used as follows: normal usage - 50 per week each minimum usage - 25 per week each maximum usage - 75 per week re-order quantity - A:300; B:500 re-order

What is F2 Test,  X, Y Arithmetic Means  The above method of finding out regression equation is tedious. The calculations can very much be simplified if instead of dealing with th

what are the importances of time series

A researcher is interested in the relationship between fathers' performance in high school and their children's social skills.  She obtains the high school transcripts of fathers a

What is hurdle rate? In investment spending budget, challenge amount is the minimal amount that an organization desires to earn when getting a venture. Hence the challenge amou

how to calculate crude date rate?

#question:how cost classification can helpful for planning, controlling and decision making

Consider the two events A and B with P(A) = 0.4 and P(B) = 0.3. (a) If A and B are independent then compute the probability that Both A and B happen