Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Pearson Architectural Design began operations on January 2. The following activity was recorded in the companys Work in Process account for the first month of operations: Work in Process Costs of subcontracted work 90,000 To completed projects 506,000 Direct staff costs 200,000 Studio overhead 260,000 Pearson Architectural Design is a service firm, so the names of the accounts it uses are different from the names used in manufacturing companies. Costs of Subcontracted Work is comparable to Direct Materials; Direct Staff Costs is the same as Direct Labor; Studio Overhead is the same as Manufacturing Overhead; and Completed Projects is the same as Finished Goods. Apart from the difference in terms, the accounting methods used by the company are identical to the methods used by manufacturing companies. Pearson Architectural Design uses a job-order costing system and applies studio overhead to Work in Process on the basis of direct staff costs. At the end of January, only one job was still in process. This job (the Krimmer Corporation Headquarters project) had been charged with $13,400 in direct staff costs.
Required: 1. Compute the predetermined overhead rate that was in use during January. (Omit the "%" sign in your response.) Predetermined overhead rate %
2. Complete the following job cost sheet for the partially completed Krimmer Corporation Headquarters project. (Omit the "$" sign in your response.) Job Cost Sheet Krimmer Corporation Headquarters Project As of January 31
Costs of subcontracted work $
Direct staff costs$
Studio overhead Total cost to January 31 $
Overhead applied to Standard using traditional costing using direct labor hours is:
Are there inter-company transactions between Target Corporation and its affiliated companies and did any of their affiliates sell shares of common stock to the public?
Carlos owes Gord Motors 20k and in default. Rick pays Gord Motors the entire amount. In the absence of an agreement to the contrary, Rick can recover from peter.
What are the advantages of the four different special journals? When would you use each type? What is a subsidiary ledger and what purpose does it serve?
a local retail business owner is preparing her june budget and plans on sales of 15000 units 6 per unit or 90000 with
You own 8% of the Standlee Corporation's common stock, which most recently sold for $98 before a two-for-one stock split announcement. Before the split, there are 30,000 shares of common stock outstanding. Relative to now, what will be your financ..
On October 15, 2014, the company declares a total dividend payment of $40,000. What is the total amount of dividends that will be paid to the common shareholders?
An option-pricing model estimates the fair value for the options to be $5 on the date of grant. What amount should M recognize as compensation expense for 2009?
university printers has two service departments maintenance and personnel and two operating departments printing and
information about two video game companies was recently taken from te companies annual reports. virtual videos and
which accounting process is the recognition or non-recognition of business activities as accountable events?
1. product costs and period coststhe costs that follow were extracted from the accounting records of several different
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd