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A company uses a job order costing system and a redetermined overhead rate based on machine hours. At the begin of the year the company estimated manufacturing overhead would be $240000 and machine hours would be 8,000.
job 10 job 11 job 12 job 13 work in progress inventory $16,000 $ 26,000 $38,000 $80,000 for Dec 1
Dec production activity:
a) Determine total cost associated with each job and what is the cost assigned to ending work in progressB) If jobs 10 and 12 were completed, prepare the journal entry to move the costc) If job 10 was sold to customers that paid $50000 cash prepare the journal entries
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by installing some elaborate inspection equipment on its assembly line the robot corp. can avoid hiring an extra worker
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