Managerial, 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:- Managerial, accounting

Statistic using IBM SPSS, Comment on the sample size, measure of central te...

Comment on the sample size, measure of central tendency, dispersion, kurtosis, and skewness.Use the z -scores in the book (or calculate your own) to provide this response. What doe

Probability, A machine that cuts corks for wine bottles operates in such a ...

A machine that cuts corks for wine bottles operates in such a way that the distribution of the diameter of the corks produced is well approximated by a normal distribution with mea

methods of collecting primary data, Distinguish between primary and second...

Distinguish between primary and secondary data. What are the methods of collecting primary data?

Atomistic fallacy, Atomistic fallacy The fallacy which arises because of...

Atomistic fallacy The fallacy which arises because of the association amongst the two variables at the individual level might differ from the association between the similar two

Management accounting ratio, Management Accounting Ratio A financial rat...

Management Accounting Ratio A financial ratio in management (or accounting ratio) is a relative magnitude of two types of selected numerical values taken from an enterprise''s

Quartile deviasion, Calculate the quartile deviation??805,796,810,785,810,7...

Calculate the quartile deviation??805,796,810,785,810,790,800 and 785

Probability, How can you use probability to improve your chances of winning...

How can you use probability to improve your chances of winning at a casino

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