Job cost sheet, accounting, Basic Statistics

Assignment Help:
Manchester Custom Fabricating Company uses a job order system. At the beginning of May, Manchester had two jobs in process, Job #22 (DM = $600 and DL = $780), and Job #23 (DM = $750 and DL = $400). Manufacturing Overhead was also applied per the POR rate of 125% of DL$. The POR rate is for the entire year.
Job #23 was finished during May. An additional $1250 in material costs and $850 in labor costs were added during May to complete the job.
Job #24 was started but not finished in May. In May, material costs were $1,250 and labor costs were $1450
Job #22 will be finished in early June. An additional $950 in material costs and $750 in labor costs were added during May
What is Manchester’s ending WIP balance and cost of goods manufactured for May?


Related Discussions:- Job cost sheet, accounting

Card custodian, Card custodian An person who is assigned responsibility of...

Card custodian An person who is assigned responsibility of purchase card security & issuance of cards to authorized users,

Barter system, Define the barter system with examples where payment is made...

Define the barter system with examples where payment is made in kind instead of cash. A barter system whereby the payment for purchases is made in kind instead of, in cash. i.e.

Sigma notation, Given the following pairs of random variables and comput...

Given the following pairs of random variables and compute the following sums. (NB: show your working table). 3 -7 2 10 6 11 10 12 15 14 (b) (c) (d) ?¦?2y

Example of inference, Q. Example of inference? Ans. Thirty student...

Q. Example of inference? Ans. Thirty students from a college were surveyed and classified according to two variables: (1) gender (M/F) and (2) major (liberal arts, busines

Hierarchical clustering , Hierarchical Clustering   Five, two-dimens...

Hierarchical Clustering   Five, two-dimensional data points are shown below: x y -0.43 1.19 -1.66 1.1

Find the p-value of the test hypothesis , It is known that the average heig...

It is known that the average height of a man residing in the Canada is 174 cm and the standard deviation is 8 cm. Assume the heights are normally distributed. To test the hypothesi

Agglomerative hierarchical clustering methods/procedures, Agglomerative hie...

Agglomerative hierarchical clustering methods/procedures Methods of cluster analysis that start with each individual in the separate cluster and then, in the series of steps, c

Isotopes and Isotones and Isobars , Isotopes Elements having same atomic ...

Isotopes Elements having same atomic number Z, but different A mass number for example 126C, 146C and 11H 21H, 31H are isotopes of carbon and hydrogen. Isotones Elements havi

Joint probability, Two construction contracts are to be randomly assigned t...

Two construction contracts are to be randomly assigned to one or more of three firms. Numbering the firms I, II, and III, let X1 be the number of contracts assigned to firm I, and

Transition towards ifrs, Transition towards IFRS Over the last few year...

Transition towards IFRS Over the last few years, there has been a tremendous change in the world's capital markets. There has thus been a shift away from the local financial re

Write Your Message!

Captcha
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