FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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CH 19 Q10
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A summary of the time tickets for the current month follows:
Job No. | Amount |
100 | $3,780 |
101 | 3,140 |
104 | 5,750 |
108 | 6,460 |
Indirect labor | 20,150 |
111 | 3,940 |
115 | 2,580 |
117 | 17,510 |
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- M Thu Sep 8 t 14 of 15 AA Period Ce b Home | bartl... 23 my.post.edu... X 14 Unit 1-... 14 rint ezto.mheducation.com A Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense 5 Total direct manufacturing cost Total indirect manufacturing cost Okay C Required information [The following information applies to the questions displayed below.] Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: G what is the h. Average Cost per Unit $ 7.00 $4.50 $ 1.40 $ 4.00 $4.00 $ 2.10 $ 1.10 $ 0.55 14. If 12,000 units are produced, what are the total amounts of direct and indirect manufacturing costs incurred to support this level of production? (Do not round intermediate calculations.) @ 29% 4 + 88 Init 1-C... You aarrow_forwardjust answer no 4 5 6arrow_forwardUnit V question 6 a1arrow_forward
- Exercise 15-17 (Algo) Overhead rate; costs assigned to jobs LO P3 Shire Company's predetermined overhead rate is based on direct labor cost. Management estimates the company will incur $826,000 of overhead costs and $590,000 of direct labor cost for the period. During March, Shire began and completed Job 56. 1. What is the predetermined overhead rate for this period? 2. Use the Information on the following job cost sheet to determine the total cost of Job 56. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Use the information on the following job cost sheet to determine the total cost of Job 56. Note: Round your answers to the nearest dollar amount. Customer's Name: Keiser Company Job Description: 3 customized systems Direct Materials Date March 08 March 11 March 18 Requisition Number M-129 M-142 M-107 Cost JOB COST SHEET Direct Labor Time-Ticket Number S 4.000 T-300 6,600 T-432 3.300 T-456 Total Costarrow_forwardInstructions 101 algupos botsion 1200 dolari one garwollot adTATO avrupe sn Journalize the transactions. (Omit explanations.) E15.8 (LO 1, 2, 3, 4), AP Enos Printing Corp. uses a job order cost system. The following data summarize the operations related to the first quarter's production. 1. Materials purchased on account $192,000, and factory wages incurred $87,300. 2. Materials requisitioned and factory labor used by job: 10.01.2 Job Number A20 A21 A22 A23 General factory use Materials $ 35,240 42,920 The 36,100 39,270 4,470 $158,000 000,0421 H₂ Factory Labor $18,000 O22,000 $2 15,000 25,000 7,300 $87,300 ARSETTO DE pr m 1818 100 10 3. Manufacturing overhead costs incurred on account $49,500. 4. Depreciation on factory equipment $14,550. 5. Depreciation on the company's office building was $14,300. 1,5 timo) 6. Manufacturing overhead rate is 90% of direct labor cost. inves 7. Jobs completed during the quarter: A20, A21, and A23. 2125310 Instructions P bne asmado libus od 10w Prepare…arrow_forwardPlease do not give solution in image format thankuarrow_forward
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