Prepare cost sheet, Cost Accounting

Assignment Help:

A job order cost sheet for Lowery Company is shown below
Date Direct Materials Direct Labor Manufacturing overhead
Beg Bal Jan 1 5,000 6,000 5,100
8 6,000
12 8,000 6,400
25 2,000
27 4,000 3,200
13,000 18,000 14,700
Cost of completed job: 13,000
Direct materials 18,000
Direct labor 14,700
total cost 45,700
Unit cost(45,700/2,000 22.85


Related Discussions:- Prepare cost sheet

Prepare a regular income tax return, Facts:   James (age 58, SS# 123-34-...

Facts:   James (age 58, SS# 123-34-4439) and Martha (age 56; SS# 233-23-9050) Williams are married. James works at a major retailer as manager of the early shift. Martha is a nu

Funds from operations, Consider as Illustration. Profit and loss account of...

Consider as Illustration. Profit and loss account of TIL demonstrates, that, operations have given gross addition of Rs. 360 million to funds throughout the period. These funds sho

Profit an economic profit, Johnson Farms owns valuable farm land that permi...

Johnson Farms owns valuable farm land that permits it to make wheat at a lower cost than its competitors. The company reports large profits every year on its accounting statements.

Produce a revenue statement, XYZ Co. manufactures automation machinery acco...

XYZ Co. manufactures automation machinery according to customer specifications.  The company is relatively new and has grown each year.  XYZ Co. operated at about 75% of practical

Retirement account, You want to have $2,000,000 in your retirement account ...

You want to have $2,000,000 in your retirement account (IRA) at the end of 30 years. You hope to earn 6% per year. How much must you save each year?

Direct materials budget, Direct Materials Budget This budget implies t...

Direct Materials Budget This budget implies the estimated quantities and costs of every the raw materials and components desired for the output demand by the production budget

Job order costing, cost accounting is said to three different phases ?? nam...

cost accounting is said to three different phases ?? name them.

labour cost as the focus, Using  labour  cost  as  the  focus,  discus...

Using  labour  cost  as  the  focus,  discuss  the  differences  in  the measurement  of  labour efficiency / effectiveness where (i)  total quality management techniques and (ii)

Calculate the inventory turnover ratio, The following information is availa...

The following information is available for the automotive division of Ford Motor Company for 2009.  The company uses the LIFO inventory method.

Prepare an eps summary for income statement, You are thinking of investing ...

You are thinking of investing in one of two corporations, both in the same industry, the XYZ Corporation or the ABC Corporation. Selected data follows: Sales data for the year e

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