Journalize the entries for the completion of the two jobs

Assignment Help Cost Accounting

Reference no: EM131807790

During the first quarter, Roland Company incurs the following direct labor costs: January $53,000, February $59, 200, and March $74, 200.

For each month, prepare the entry to assign overhead to production using a predetermined rate of 80% of direct labor cost.

In March, Stinson Company completes Jobs 10 and 11. Job 10 cost $26, 360 and Job 11 $34, 050. On March 31, Job 10 is sold to the customer for $49, 420 in cash.

Journalize the entries for the completion of the two jobs and the sale of Job 10.

Reference no: EM131807790

Questions Cloud

Indicate that the interest rate received on a loan : At the 5% significance level, do the data indicate that the interest rate received on a loan is dependent on race? Provide the details.

Discuss pressures associated with ethical decision making : Discuss the pressures associated with ethical decision making at Farrows Bank. Your response should include introduction, thesis statement and clear discussion.

How much will he owe the bank : How much will he owe the bank at the end of 3 years?

We know that a certain piece of equipment : We know that a certain piece of equipment will cost $150,000 in 5 years. How much must be deposited today using 10% interest to pay for it?

Journalize the entries for the completion of the two jobs : During the first quarter, Roland Company incurs the following direct labor costs: January $53,000, February $59, 200, and March $74, 200.

What is the marginal rate of substitution for consumer : Econ 302 - How much money would the consumer need in order to have the same utility level after the price change as before the price change

We know that a certain piece of equipment : We know that a certain piece of equipment will cost $150,000 in 5 years. How much must be deposited today using 10% interest to pay for it?

Determine whether or not the data are normally distributed : Using the Jarque-Bera test, specify the null and alternative hypotheses to determine whether or not the data are normally distributed.

Prepare the journal entry to record the early retirement : The bonds were originally issued at a premium of $310,000 and at the time the bonds were redeemed, $124,000 of the premium had been amortized.

User Account

All Pages