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
You have the following limited information upon which to base your decision as to which is the better of two alternative funding arrangements:  Alternative 1 is to arrange fu

Classification feature of Accounting Transaction. Under the classification accountant posts the entries into their respective ledgers in the Accounts Books. Every Account entry

Northern Hi-Tec Electronics Limited manufactures six computer peripheral devices: internal modems , external modems , circuit boards , CD drives , hard disk drives , and memo

ways or techniques for labour control policy

Twenty years ago, entering male high school students of Central High could do an average of 24 pushups in 60 seconds. To see whether this remains true today, a random sample of 36

Uses of mean

A number of years ago the American Academy of Pediatrics recommended that tetracycline drugs not be used for children under the age of 8. Prior to this recommendation, a two-year s

WHAT IS THE RELATIONSHIP BETWEEN REGRESSION COEFFICIENT BYX BXY AND CORRELATION COEFFICIENT R?

what are the biomechanical techniques for swimming freestyle?

How has quantitative analysis changed the current scenario in the management world today?