User Account

All Pages

Cost of jobs completed

Assignment Help Accounting Basics
Reference no: EM13258289

The following account appears in the ledger after only part ofthe postings have been complete for January:

 

                                                           Work in Process

 

Balance, January 1                            15,500

 

Directmaterials                                  86,200

 

Directlabor                                        64,300

 

Factoryoverhead                               93,700

 

Jobs finished during January are summarized as follows:

 

Job320                       57,600                        Job327                       26,100

 

Job326                       75,400                        Job350                       94,800

 

  1. Determined the cost of jobs completed.
  2. Determine the cost of the unfinished jobs at January31.

Reference no: EM13258289

Questions Cloud

What is the minimum bandwidth necessary on transmission line : A transmitter is using a 2B1Q and operating at 3 Mbps. What is the minimum bandwidth necessary on the transmission line for successful communication
What does a typical day look like : choose three different occupations that you want to know more about and research them online.
What would be the present value of these bonds : if the required rate of return in the market is 5% per annum and the bonds have 15 years left to maturity. Assume a face value (maturity value) of $1,000.
What is the voltage range for each quantization level : If a standard telephone quality analog-to-digital converter has an input range of 4 Vpp and an output data rate of 128 kbps, then what is the voltage range for each quantization level
Cost of jobs completed : Determined the cost of jobs completed. Determine the cost of the unfinished jobs at January31
Adjusted trial balance of the work-sheet : If the unearned revenue account hadan unadjusted normal balance of $4,800 and an adjustment was made debiting the account for $1,500, the account would appear on the adjusted trial balance of the work sheet as a :
What are the ethical implications in the scenarios : What are the ethical implications in the scenarios and summarize the responses of each of the four individuals interviewed.
Determine the earnings per share of common stock : Income tax is estimated at 40% of income. Determine the earnings per share of common stock, assuming income before bondinterest and income tax is $400,000.
What is the de broglie wavelength of the neutrons : A certain crystal has a set of planes 0.31 nm apart. A beam of neutrons strikes the crystal at normal incidence, What is the de Broglie wavelength of the neutrons

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the rate of return on common stockholders equity

What is the rate of return on common stockholders' equity if sales are $100,000, net income is $22,700, and average common stockholders' equity is $86,000?

  Contingency that should be accrued

Which of the following is a contingency that should be accrued?

  Company statement of cash flows

An increase in the bonds payable account of $200,000 over the course of a year would be shown on the company's statement of cash flows prepared under the indirect method as:

  Gross income-constructive receipt of income

Which of the following is not considered actual receipt or "constructive receipt" of income in the current year? Which of the following does not have to be included in gross income?

  Discuss the validity and implications

When questioned by the auditors, the CFO of ABC, Inc. mentioned "An asset is just an expense waiting to happen." Discuss the validity and implications of this statement.

  Firm market value and book value per share

The company had 110,000 shares of stock outstanding which sold at a price of $56 per share. By how much did the firm's market value and book value per share differ?

  Application of linear eqautions

An art dealer sold two artworks at $1520 thereby making a profit of 25% on the first work and 10% on the second, where as if he had approached any exhibition he would have sold them together for $1535 with a profit of 10% on the first and 25% on t..

  Expected expenses of a child while studying

You Would like to make 43 equal payments over the next 21 years (The first payment to be made immediately all other payment to be made at 6 month internals, with the final payment to be made at he 21st. birthday. So that you will be able to cover ..

  Club account for the decline in value

Club Co. appropriately uses the equity method to account for its investment in Chip Corp. As of the end of 2008, Chip's common stock had suffered a significant decline in fair value, which is expected to be recovered over the next several months. ..

  Explain each step of the accounting cycle

Explain each step of the accounting cycle. Describe at least one transaction that would occur at the company you selected in each of these steps.

  Delores estate tax base

In 1998, Delores made taxable gifts to her son of property with a FMV of $200,000. In the current year when Delores dies, the property is worth $800,000. The amount included in Delores's estate tax base because of the 1998 gift is:

  Calculate the net gross margin variance

Determine the gross margin mix, selling price, and sales volume variances. Calculate the net gross margin variance directly; then as a check see if it equals the sum of the three variance components you calculated individually.

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd