Dapper corporation had only one job in process on may 1 the

Assignment Help Accounting Basics
Reference no: EM13578793

Dapper Corporation had only one job in process on May 1. The job had been charged with $1,010 of direct materials, $3,630 of direct labor, and $5,510 of manufacturing overhead cost. The company assigns overhead cost to jobs using the predetermined overhead rate of $15.70 per direct labor-hour.

During May, the following activity was recorded:

  Raw materials (all direct materials):
    Beginning balance $ 9,700
    Purchased during the month $25,000
    Used in production $31,400
  Labor:
    Direct labor-hours worked during the month 2,160
    Direct labor cost incurred $29,808
  Actual manufacturing overhead costs incurred $31,800
  Inventories:
    Raw materials, May 30 ?
    Work in process, May 30 $20,100

Dapper Corporation had only one job in process on May 1. The job had been charged with $1,010 of direct materials, $3,630 of direct labor, and $5,510 of manufacturing overhead cost. The company assigns overhead cost to jobs using the predetermined overhead rate of $15.70 per direct labor-hour.

Reference no: EM13578793

Questions Cloud

The procedure for sampling a lot is to select 5 components : lots of 40 components each are deemed unacceptable if they contain 3 or more defectives. the procedure for sampling a
Nanotech inc has a bond issue maturing in seven years that : nanotech inc. has a bond issue maturing in seven years that is paying a coupon rate of 10.42 percent semiannual
Use frequency and relative frequency distributions to : data for a sample of 55 members of the baseball hall of fame in cooperstown new york are shown here. each observation
A machine has 9 identical components that function : a machine has 9 identical components that function independently. the probability that a component will fail is 0.2.
Dapper corporation had only one job in process on may 1 the : dapper corporation had only one job in process on may 1. the job had been charged with 1010 of direct materials 3630 of
Ffty percent of new operators attend the course given : a firm is accustomed to training operators who do certain tasks on a production line. those operators who attend the
Show how to copy and paste the results of the two-tailed : show how to copy and paste the results of the two-tailed hypothesis test on a report.show how to figure the
A method of estimating bad debts that focuses on the : 1. an operating cyclea. is twelve months or less in lengthb. is the average time required for a company to collect its
If three items arrive off the process line in succession : in the field of quality control the science of statistics is often used to determine if a process is out of control.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Complete the cash basis income statement

Received $1,000 from customers as deposits on orders ofnew instruments to be sold to the customers in April. Complete the following statement.

  Determine whether angie basketweaving shop should carry

Determine whether Angie's basketweaving shop should carry the basic introductory kit with undyed and uncut reeds, or the Stage 2 kit with reeds already dyed and cut. Prepare an incremental analysis to support your answer.

  Birnbrey amp bogart legal services birnbrey amp bogart

birnbrey amp bogart legal services birnbrey amp bogart legal services is a large law office in st. louis. it is

  Prepare a partial balance sheet showing the

entries for held-to-maturity securities on july 1 2014 salt mine corporation purchased at par 8 bonds having a maturity

  If each country manager is evaluated based on after tax net

roadmaster an australian company has subsidiaries in japan and hong kong. the income tax rates are 40 for australia

  Equivalent units in process for direct materials

Determine the equivalent units in process for direct materials and conversion costs, assuming there was no beginning inventory.

  A change in the method of accounting for leases for tax

various types of accounting changes can affect the financial statements of a business enterprise differently. assume

  Computing income from the investee under equity method

Lindy Corporation owns a 40% interest in Belair Company, acquired several years ago at a cost equal to book value and fair value. Belair sells merchandise to Lindy for the first time in 2003. In computing income from the investee for 2003 under th..

  What is the expected return on the stock

The two factor model on a stock provides a risk premium for exposure to market risk of 12%, a risk premium for exposure to silver commodity prices of 3.5% and a risk free rate of 4.0%. What is the expected return on the stock?

  Commonly used bases other than gaap

Auditors frequently audit statements prepared on bases other than GAAP. Identify and discuss four (4) commonly used bases other than GAAP.

  How many ticket packages will george need to sell

How many ticket packages will George need to sell to break even?

  Determining company gross profit

During the year, purchases were $600,000 and sales were $1,000,000. December 31 inventoy at year-end prices was $126,500, and the price index was 110. What is Ely Company gross profit?

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!

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