FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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A summary of the time tickets is as follows:
Job No. | Amount |
100 | $4,800 |
101 | 5,875 |
104 | 18,250 |
108 | 15,500 |
Indirect | 8,220 |
111 | 9,430 |
115 | 12,675 |
117 | 19,225 |
fill in the blank 2 | fill in the blank 3 | ||
fill in the blank 5 | fill in the blank 6 | ||
fill in the blank 8 | fill in the blank 9 |
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- Sh1 Please help me Solutionarrow_forwardPlease do not give solution in image format thankuarrow_forwardProblem 1-19: Job Order Cost Accumulation Analysis Tuason Co. uses job order cost accumulation and applies overhead based on direct labor hours. Any underapplied or overapplied overhead is ad- justed directly to Cost of Goods Sold at the end of each month. On April 1, job cost sheets indicated the following: Job 201 Job 202 Job 203 Job 204 Direct materials Direct labor Applied overhead Total cost P3,590 2,700 2,160 P2,000 1,500 1,200 P1,480 1,000 800 P2,000 1,200 960 P8,450 P4,700 P3,280 P4,160 Job status Finished In process In process In process Cost Accounting- Basic Concepts and the Job Order Cost Cycle 79 Problem 1-19 continued On April 30, finished goods contained only Jobs 204 and 207, which had the following total costs. Job 204 Job 207 Direct materials P2,970 P2,450 1,900 1,520 Direct labor Applied overhead 2,200 1,760 Total cost P6,930 P5,870 Besides working on Jobs 204 and 207 in April, Tuason continued work on Jobs 202 and 203 and started work on Jobs 205 and 206. A summary…arrow_forward
- Looking to get assistance solving the required steps for Problem 19-1B. Any help is appreciated!arrow_forwardes E2-3 (Algo) Analyzing Labor Time Tickets and Recording Labor Costs [LO 2-2, 2-4] A weekly time ticket for Joyce Caldwell follows: Labor Time Ticket Ticket Number: TT 338 Employee: Joyce Caldwell Date Monday, 8/12 Tuesday, 8/13 Wednesday, 8/14 Thursday, 8/15 Friday, 8/16 Time Started Job 271 Job 272 Job 273 7:00 AM 7:00 AM 7:00 AM 7:00 AM 12:00 PM 7:00 AM Dates: Monday 8/13 - Friday 8/17 Time Ended 3:00 PM 3:00 PM 3:00 PM 11:00 AM 4:00 PM 3:00 PM Weekly Totals Hourly Labor Rate Total Wages Earned Total Hours 8 hours 8 hours 8 hours 4 hours 4 hours 8 hours 40 hours × $21 $ 840 Job Number Job 271 Job 271 Job 272 Job 272 Maintenance Job 273 Required: 1. Determine how much of the $840 that Joyce earned during this week would be charged to Job 271, Job 272, andarrow_forwardJob cost sheets show the following information: Job January February $2,500 $1,300 4,839 AA2 AA4 AA5 AA3 January $ February 3,240 3,410 $7,950 March March Completed February January February $2,320 April $2,320 Finished Goods Sold Total $7,339 What are the balances in the work in process inventory, finished goods inventory, and cost of goods sold for January, February, and March? Work in Process LA Not sold February March Not sold COGSarrow_forward
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