Sweeten company had no jobs in progress at the beginning of

Assignment Help Accounting Basics
Reference no: EM13589466

Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during March-Job P and Job Q. Job P was completed and sold by the end of the March and Job Q was incomplete at the end of the March. The company uses a plantwide predetermined overhead rate based on direct labor-hours. The following additional information is available for the company as a whole and for Jobs P andQ:     




Estimated total fixed manufacturing overhead $ 15,200  
Estimated variable manufacturing overhead per direct labor-hour $ 1.70  
Estimated total direct labor-hours to be worked
3,800  
Total actual manufacturing overhead costs incurred $ 22,000  

        

Job P Job Q
Direct materials $ 15,500   $ 9,800   
Direct labor cost $ 49,300   $ 13,600   
Actual direct labor-hours worked
2,900  
800   

Required:

Assume that the company does not use any indirect labor. Prepare the journal entry to record the direct labor costs added to production.

Reference no: EM13589466

Questions Cloud

A company has outstanding 100 mill par value bonds that pay : a company has outstanding 100 mill par value bonds that pay an annual coupon of interest of 10.5 . par value of each
Enron corporations 2001 third-quarter 10-q report disclosed : enron corporations 2001 third-quarter 10-q report disclosed the following transaction with ljm2 a nonconsolidated
Assume that the marketing manager changes the sales mix of : basu company produces two types of sleds for playing in the snow basic sled and aerosled. the projected income for the
Burt is the custodian at quaker inn an s corporation that : burt is the custodian at quaker inn an s corporation that has paid him bonuses over the years in the form of shares in
Sweeten company had no jobs in progress at the beginning of : sweeten company had no jobs in progress at the beginning of march and no beginning inventories. it started only two
If 23694 in fixed costs will be eliminated by dropping the : pottery unlimited has two product lines cups and pitchers. income statement data for the most recent year
On february 1 2013 our company became the lessee of : on february 1 2013 our company became the lessee of equipment under a 5-year noncancelable lease. the estimated
New gate corporation desires to acquire old post in a : new gate corporation desires to acquire old post in a nontaxable transaction. prior to entering into the transaction
Assume that your understanding of internal controls over : assume that your understanding of internal controls over acquisitions and cash disbursements and the related tests of

Reviews

Write a Review

Accounting Basics Questions & Answers

  During the year credit sales amounted to 800000 cash

during the year credit sales amounted to 800000. cash collected on credit sales amounted to 760000 and 18000 has been

  Appling enterprises issued 8 bonds with a face amount of

appling enterprises issued 8 bonds with a face amount of 400000 on january 1 2013. the bonds sold for 331364 and mature

  Suburban lifestyles roi residual income

Suburban Lifestyles, Inc. has manufactured prefabricated houses for over 20 years. The houses are constructed in sections to be assembled on customers' lots. Suburban Lifestyles expanded into the precut housing market when it acquired Fairmont Com..

  Calculate the following variances showing all computations

julius company developed the following standard costs for its product for 2012standard cost

  Convergence of united states accounting standards

Within today's international business environment, there has been a great deal of discussion about the convergence of United States accounting standards

  Complete the following responsibility income statement for

hal-marts inc. has two sales departments equipment andclothing. during february these two departments reported the

  Determine the amount of intra-entity profit at the end

Determine the amount of intra-entity profit at the end of 20X1.

  Ace manufactuing company began business in january of 2012

ace manufactuing company began business in january of 2012. during the year ace purchased raw materials costing 200000

  How does a less-than-optimal use of company funds compare

how does a less-than-optimal use of company funds compare with the perceived need to maintain a record of increasing

  Thtotal budget factory overheaad 360000 while the budgeted

thtotal budget factory overheaad 360000 while the budgeted direct labor hours are 15000 hours. job 115 took 16 direct

  Ethically dubious conduct please respond to the following

ethically dubious conduct please respond to the following from the case study assess the following items to determine

  What would be the minimum amount for which the noncash

inlcuded in perrys capital balance is a 20000 partnership loan owed to perry. perry quincy and renquist shared profits

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