During August, Hatch Company accumulated 850 hours of direct labor costs on Job 40 and 630 hours on Job 42. The total direct labor was incurred at a rate of $14 per direct labor hour for Job 40 and $19 per direct labor hour for Job 42. Journalize the entry to record the flow of labor costs into production during August

At the end of June, the job cost sheets at Ace Roofers show the following costs accumulated on three jobs. Job 7 $ 28,900 24,800 12,400 At June 30 Direct materials Direct labor Overhead applied Additional Information a. Job 5 was started in May, and the following costs were assigned to it in May: direct materials, $7,900; direct labor, $3,700; and applied overhead, $2,800. Job 5 was finished in June. b. Job 6 and Job 7 were started in June; Job 6 was finished in June, and Job 7 is to be completed in July. c. Overhead cost is applied with a predetermined rate based on direct labor cost. The predetermined overhead rate did not change across these months. Job 5 $ 18,800 11,800 5,900 Job 6 $ 34,900 18,000 9,000 Total transferred cost 4. What is the total cost transferred to Finished Goods Inventory in June?

Sagon Corporation has provided data concerning the Corporation's Manufacturing Overhead account for the month of September. Prior to the closing of the overapplied or underapplied balance to Cost of Goods Sold, the total of the debits to the Manufacturing Overhead account was $76,000 and the total of the credits to the account was $66,000. Which of the following statements is true?

Metropolitans Manufacturing generated the following activity for July for its current jobs. Total costs accumulated in the Work-in-Process account. Manufacturing overhead was allocated at $32 per machine hour used.1. Complete the Job Costs for each job listed below.   Job 123 Job 124 Job 125 Total July 1 Balance $16,230 $12,680 $11,170 $40,080 Direct Materials Used $11,710 $18,920 $11,990 $42,620 Direct Labor Assigned to Jobs $14,520 $21,460 $7,480 $43,460 Manufacturing Overhead allocated to jobs         Total Cost per Job         Machine Hours used per job 410 390 70   2. Prepare the journal entry for completion of jobs 123 and 124 in July.Journal Date Description Debit Credit                 Open a T-account for Work-in-Process Inventory.3. Post the journal entry made in above. Compute the ending balance in the Work-in-Process Inventory account on July 31.Work-in-Process Debit Credit                 Double line Double line 4.…

Direct Labor Costs During May, Salinger Company accumulated 690 hours of direct labor costs on Job 200 and 880 hours on Job 305. The total direct labor was incurred at a rate of $18 per direct labor hour for Job 200 and $21 per direct labor hour for Job 305. Journalize the entry to record the flow of labor costs into production during May. If an amount box does not require an entry, leave it blank.

K company production was working on Job 1 and Job 2 during the month. Of the $785 in direct materials, $375 in materials was requested for Job 1. Direct labor cost, including payroll taxes, are $22 per hour, and employees worked 17 hours on Job 1 and 28 hours on Job 2. Overhead is applied at the rate of $18 per direct labor hours. Prepare job order cost sheets for each job. Job 1   Hours Total Cost Direct materials       $fill in the blank 1   Direct labor   fill in the blank 2   fill in the blank 3   Manufacturing overhead   fill in the blank 4   fill in the blank 5   Total cost       $fill in the blank 6     Job 2   Hours Total Cost Direct materials       $fill in the blank 7   Direct labor   fill in the blank 8   fill in the blank 9   Manufacturing overhead   fill in the blank 10   fill in the blank 11   Total cost       $fill in the blank 12

The Cavy Company accumulated 570 hours of direct labor on Job 456 and 810 hours on Job 777. The direct labor was incurred at a rate of $18 per direct labor hour for Job 456 and $21 per direct labor for Job 777. Journalize the entry to record the flow of labor costs into production.     fill in the blank 2         fill in the blank 4

Direct Labor Costs August, Carrothers Company accumulated 790 hours of direct labor costs on Job 50 and 500 hours on Job 56. The total direct labor was incurred at a rate of $15 per direct labor hour for Job 50 and $13 per direct labor hour for Job During 56. Journalize the entry to record the flow of labor costs into production during August. If an amount box does not require an entry, leave it blank.

calculate the manufacturing overhead rate of the year . round the answer to 2 decimal places

Ivanhoe Company begins operations on April 1. Information from job cost sheets shows the following: Manufacturing Costs Assigned Job Number   April   May   June   Month Completed 10   $6,700   $4,600       May 11   4,400   4,200   $3,200   June 12   1,400           April 13       4,900   3,500   June 14       5,600   3,600   Not complete Each job was sold for 25% above its cost in the month following completion. (a)     Calculate the balance in Work in Process Inventory at the end of each month. Work in Process Inventory       April 30   $enter a dollar amount   May 31   $enter a dollar amount   June 30   $enter a dollar amount