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!
The Chompy company uses a job order costing system and has the following information for the month of March 2010: Direct labor and direct materials used: Job No. Direct Material Cost Direct Labor Hours 1887 18,000 1,392 1906 11,520 192 1907 4,980 216 1908 4,140 504 1909 7,824 288 1911 3,696 120 1912 10,020 360 Total 60,180 3,072 1. The direct labor wage rate is $10 per hour. (Reflects latest negotiated union labor contract agreement) 2. The direct labor benefit factor is $8 per hour. (Include in D/L total costs per accounting manual directive) 3. The overhead rate is 250% of direct labor cost 4. Actual overhead costs for the month, $115,960. 5. Jobs completed: Nos. 1887, 1908, and 1909. 6. Jobs completed last week of March: 1899, 1901, 1902, 1904, 1905 7. Jobs 1900 and 1903 were cancelled due to change orders and reinstated as 1911 & 1912 8. The factory had no work in process at the beginning of the month. Required: Using the templates provided a. Prepare a summary that will show the cost assigned to each job. b. Compute the amount of overhead over- or underapplied during the month. c. Calculate the cost of the work in process at the end of the month.
what are some specific examples of assets and liabilities?why do not-for-profit organizations use a fund accounting
Assuming the U.S. tax rate is 35% and no valuation allowance is required, what is North's total income tax expense reported on its financial statements for 2010?
Fields Corporation has two divisions; Sporting Goods and Sports Gear. The sales mix is 65% for Sporting Goods and 35% for Sports Gear. Fields incurs $2,220,000 in fixed costs. The contribution margin ratio for Sporting Goods is 30%, while for Spor..
Why might we want to develop these initial expectations prior to beginning our analytical procedures?
calcutron company is contemplating introducing a new type of calculator to complement its existing line of scientic
In what ways do the elements of the four financial statements interact with one another? How might changing one of the financial statements affect the other financial statements? Why is it essential to understand the relationship between the finan..
the process that involves repair on an emergency or priority basis is known asbreakdown maintenanceemergency
Compute diluted earnings per share for 2007. Complete the schedule and show all computations.
On June 30, 2010, when Ermler Co.'s stock was selling at $65 per share, its capital accounts were as follows: If a 100% stock dividend were declared and distributed, capital stock would be:
kobyashi moru reports its inventory fixed assets depreciation and cost of goods sold on a current value basis fair
selecting a for-profit organization of interest you will research an unusual or conflicting accounting principle that
Compute the cumulative effect of the change in accounting principle from weighted-average to FIFO inventory pricing.
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