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
I have a midterm coming up the teacher is allowing us to have a front & back cheats on anything we want on it. Is there a way you guys can make me one?

How important a role do you think IT will play in the conversion process from GAAP to IFRS? Manager 1: Earlier, we never expected the new rules to have such an impact on the

S&V Industries manufactures book cases. Different sizes of cases are kept in inventory. The company has 80 man-hours and 36 pounds of wood available each day. 2 pounds of wood are

VK Ltd a multi-product Company, furnishes you the following data relating to the year 2000 First Half of the year Second Half of the year Sales Rs. 45,000 Rs. 50,000 Total Co

1. Mention the characteristics of Statistics. Explain any two applications of Statistics.

Hugh Snore Bedding, Inc. has assets of $400,000 and turns over its assets 1.5 times per year. Return on assets is 12%. What is its profit margin (return on sales)?

Write a short note on Sale of An Asset on account of Depreciation. Ans. An asset can be sold anytime before or after its useful life estimated time, in case the asset is sold more

#questioAssessment Part 2 (70%) You may undertake the analysis of one of the following three case studies: (a) Crime (Minitab project file: CRIM

which method is better for new product to gather the information they need,primary data or secondary data?

How do I calculate 50p3?