Job 44 Job 45 Direct materials $5,100 $1,500 Direct labor 1,200 3,000 Applied overhead Balance, June 1 780 1,950 $7.080 $6,450 During June, two more jobs (46 and 47) were started. The following direct materials and direct labor costs were added to the four jobs during the month of June: Job 44 Job 45 Job 46 Job 47 Direct materials $2,500 $7,110 $1,800 $1,700 Direct labor 800 6,400 900 560

Required information [The following information applies to the questions displayed below.] At the end of June, the job cost sheets at Ace Roofers show the following costs accumulated on three jobs. At June 30 Direct materials Direct labor Overhead applied Additional Information Job 5 $ 18,400 11, 400 5,700 Job 6 $ 34,700 17,600 8,800 Job 7 $ 28,700 24,400 12, 200 a. Job 5 was started in May, and the following costs were assigned to it in May: direct materials, $7,700; direct labor, $3,500; and applied overhead, $2,600. 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. Total transferred cost c. Overhead cost is applied with a predetermined rate based on direct bor cost. The predetermined overhead rate did not change across these months. 4. What is the total cost transferred to Finished Goods Inventory in June?

Required information [The following information applies to the questions displayed below.] Caro Manufacturing has two production departments, Machining and Assembly, and two service departments, Maintenance and Cafeteria. Direct costs for each department and the proportion of service costs used by the various departments for the month of August follow: Department Machining Assembly Maintenance Cafeteria Job CM-22: Direct Costs $92,000 62,400 38,800 31,000 Job CM-23: Proportion of Services Used by Maintenance. Cafeteria Machining Machine-hours Labor-hours. Machine-hours. Labor-hours 0.8 Assume that both Machining and Assembly work on just two jobs during the month of August: CM-22 and CM-23. Costs are allocated to jobs based on machine-hours in Machining and labor-hours in Assembly. The number of labor- and machine-hours worked in each department are as follows: Machining 300 50 30 20 0.2 Assembly 40 36 20 150 Prev 0.6 0.1 S Assembly 0.2 0.1 2 of 13 HH Next

Jensen Fences uses job order costing. Manufacturing overhead is charged to individual jobs through the use of a predetermined overhead rate based on direct labor costs. The following information appears in the company's Work in Process Inventory account for the month of June: Debits to account: Balance, June 1 Direct materials Direct labor Manufacturing overhead (applied to jobs as 125% of direct labor cost) Total debits to account Credits to account: Transferred to Finished Goods Inventory account Balance, June 30 Required: $ 5,000 18,000 12,100 15,125 $ 50,225 44,000 $ 6,225 a. Assuming that the direct labor charged to the jobs still in process at June 30 amounts to $1,500, compute the amount of manufacturing overhead and the amount of direct materials that have been charged to these jobs as of June 30. b. Prepare general journal entries to summarize: 1. The manufacturing costs (direct materials, direct labor, and overhead) charged to production during June. 2. The transfer of…

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

Assume it is the beginning of the month, using the estimates and a job-order costing system, what price would you recommend Lina quote for each of the above two jobs to ensure profitability in the long term?   2. Assume it is the end of the month, determine the amount of under- or over-applied overhead and recommend to Lina how the amount should be accounted for.   3. Prepare a schedule of cost of goods manufactured for the month - these were the only two jobs started and sold (zero beginning and ending work-in-process inventory). Assume that actual materials used and the labour rate/hours are the same as estimated. Hint: refer to Exhibit 5.11 on page 213 of text for suggested format.

Louisiana Metals uses a job costing system. The company applies manufacturing overhead using a predetermined rate based on direct labor cost. The following debits (credits) appeared in the Work-in-Process Inventory for June. June 1 For the month For the month For the month For the month Balance Direct labor Direct materials Manufacturing overhead To finished goods Beginning inventory ??? $ 33,000 43, 200 19,800 (78,700) Job LM-12, the only job still in production at the end of June, has been charged $13,200 in direct materials cost and $12,400 in direct labor cost. Required: What was the beginning balance in Work-in-Process Inventory?

The Cambridge company uses job order costing. At the beginning.of May, twd johs were in process: Q.1. Job #369 Job # 372 Materials Rs.700 Ra.2,000 1,000 1,500 Direct labor Applied lactory overhead There was no inventory of Finished Goods on May 1. During the month. jobs # 373, 374, 375, 37o, 378 and 379 were started. Materials requisitions for May totaled Rs.13,000, and direct labor cost Rs. 10.000 and actual fo.h, Rs. 16.000, Factory overhead is applied at a rate of 150% of direct labur 300 450 cost. The only job still in Process(W.I,P) at the end of May is Job # 379, with costs of Rs.1,400 for materials aud Rs.900 Tor direct labor. Job # 376, the ouly finished job on hand at the end of May. has a total cost of Rs.2,000. REQUIRED: A- Prepare all necessary general journal entries B- Show all computations.