Managerial, accounting, Basic Statistics

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?
Posted Date: 2/6/2012 2:21:36 PM | Location : United States







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

Write discussion on Managerial, accounting
Your posts are moderated
Related Questions


What happens to the arithmetic mean when you add the same number to all the scores of the distribution?


1. What size sample will be needed to construct a 95% confidence interval on a ballot issue if the estimate must be 2% of the actual percent. This issue looks very close in the el

if "profit" maximisation is biased towards maximising the interest of only one stakeholder group, would you expect that over time there will be less emphasis on profit and more emp


1. Passive losses are fully deductible as long as they do not exceed $50,000 during the year. A) True B) False 2. Wages are considered "active income." A) True B) False 3. A de

Assignment on objective of cost accounting briefly discuss.

in my home work it is a balance sheet 12/31/2010 12/31/2009 accounts recievable 8000 10000 below it has letter a b c d e f-k wanting the letter with the explaination a