5-1. Job order cost sheet. Tedyuscung Company produces special machines made to customerspecifications The following data pertain to Job 1106:Customer Markem Machine ShopCustomer's Order No. C696Dated October 27Description 18 drilling unitssidiDate started: 11/4/19--Date finished: 11/18/19--Total cost to manufacture: ?Sales price: $20.425WEEK ENDING 11/18WEEK ENDING 11/11$2,400$8.20 per hour300$8.00 per hour150Materials used Dept 1.....Direct labor rate. Dept. 1...Labor hours used. Dept. 11Direct labor rate. Dept. 2Labor hours used. Dept 2Machine hours. Dept. 2......Applied factory overhead. DeptApplied factory overhead. Dept. 2120$4.00 per labor hour$1.80 per machine hourMarketing and administrative costs are charged to each order at a rate of 25% of the cost tomanufacture.Required: A suitable cost shee: showing the above data. Did the company make an adequateprofit margin on this order?ledger: cast of goods manufactured statement. At$1,300$8.20 per hour200$8.00 per hour70200$4.00 per labor hour$1.80 per machine hour

Week ending 11/11Week ending 11/18Materials used in Dept 1$2,400$1,300Labor cost in Dept 1$2,460…

Answered: manufac Required: A suitable cost shee:…

manufac Required: A suitable cost shee: showing the above data. Did the company make an adequate profit margin on this order? of goods manufactured statement. At

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter5: Product And Service Costing: Job-order System

Section: Chapter Questions

Problem 21E: Lorrimer Company has a job-order cost system. The following debits (credits) appeared in the...

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Q 1: Job order cost sheet. Crowley Company produces speclal machlnes made to customer specifications. The following data pertain to Job 1206 Cu stomer: Shelikoff Machine Shop Dare started: 05/1/2 Customer's Order No. C796 Date finished: 09/15/20- Dated: August 25 Total cost to manufacture: ? Page 1 of 4 Descriptlon: 30 drilling units Sales price: The sales price of the job, ww w w assumlng that it was contracted wlth a markup of wwww 35% cost Week Ending 09/08 Week Ending 09/15
ABC Equipment In. receives order from Amund Consultant Clinic on 15th August. The company started its production on 18* of August and completed in 25th of August. The company collects its cost and revenue data by the job order cost accumulation procedure. For job number 500, the following data are available: Direct material Direct Labor FOH-Applied REQ. NO: Date Amount Date Hours Cost Rs. 30 for each direct Rs. Rs. 600 800 700 1000 1200 labor hours 8/18 8/19 8/25 400 600 4000 6000 10000 8/18 8/19 8/21 8/23 8/25 30 40 1000 35 50 60 Total 20000 Total 4300 Other Information: 1. Total Sales are 30% above cost. 2. Marketing and selling expenses Rs. 1000 3. Administrative expenses 1500. Required Enter the appropriate information on a job order cost sheet.
XYZ Equipment In. receives order from Shiraz Consultant Clinic on 15th August. The company started its production on 18th of August and completed in 25th of August. The company collects its cost and revenue data by the job order cost accumulation procedure. For job number 505, the following data are available: Direct material Direct Labor FOH-Applied Date REQ. NO: Amount Rs. Date Hours Cost Rs. Rs. 30 for each direct labor hours 8/18 400 4000 8/18 30 600 ? 8/19 600 6000 8/19 40 800 8/25 1000 10000 8/21 35 700 Total 20000 8/23 50 1000 8/25 60 1200 Total 4300 Other Information: Total Sales are 30% above cost. Marketing and selling expenses Rs. 1000 Administrative expenses 1500. Required Enter the appropriate information on a job order cost sheet.
XYZ Equipment In. receives order from Shiraz Consultant Clinic on 15th August. The company started its production on 18th of August and completed in 25th of August. The company collects its cost and revenue data by the job order cost accumulation procedure. For job number 505, the following data are available: Direct material Direct Labor FOH-Applied Date REQ. NO: Amount Rs. Date Hours Cost Rs. Rs. 30 for each direct labor hours 8/18 400 4000 8/18 30 600 ? 8/19 600 6000 8/19 40 800 8/25 1000 10000 8/21 35 700 Total 20000 8/23 50 1000 8/25 60 1200 Total 4300 Other Information: Total Sales are 30% above cost. Marketing and selling expenses Rs. 1000 Administrativeexpenses 1500. Required Enter the appropriate information on a job order cost sheet. for material, direct labor and FOH applied
Job cost sheets show the following information: Job January February March Completed Sold AA2 $2,600 $1,400 February Not sold AA4 4,840 January February AA5 3,230 February March ААЗ 3,408 $2,321 April Not sold Total $7,440 $8,038 $2,321 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 Finished Process Goods COGS January $ February $ March
Bro Corporation manufactures products on a job order basis. The job cost sheet for Job #65shows the following for March: Direct material P5,000Direct labor (100 hours @ P7.25) P725Machine hours incurred 40Predetermined overhead rate per machine hour P26At the end of March, what total cost appears on the job cost sheet for Job #65?a. P5,725b. P5,765c. P6,765d. P8,325
Online i A company uses a job-order costing system and has provided the following partially completed T-account summary for the past year. Bal. 1/1 Debits Bal. 12/31 Bal. 1/1 Direct materials Direct labor Overhead Bal. 12/31 Raw Materials. 13,000 Credits 87,000 30,000 Work In Process 19,000 Credits 50,000 13,000 257,000 ? ? 506,000 The cost of indirect materials requisitioned for use in production during the year was:
Job cost sheets show the following information: Job January February March Completed Sold AA2 $2,600 $1,000 February Not sold AA4 4,837 January February AA5 3,260 February March AA3 3,411 $2,320 April Not sold Total $7,437 $7,671 $2,320 What are the balances in the work in process inventory, finished goods inventory, and cost of goods sold for January, February, and March? Work inProcess FinishedGoods COGS January $fill in the blank 1 $fill in the blank 2
XYZ Equipment In. receives order from Shiraz Consultant Clinic on 15th August. The company started its production on 18th of August and completed in 25th of August. The company collects its cost and revenue data by the job order cost accumulation procedure. For job number 505, the following data are available Direct material Direct Labor FOH-Applied Date REQ. NO: Amount Rs. Date Hours Cost Rs. Rs. 30 for each direct labor hours 8/18 400 4000 8/18 30 600 ? 8/19 600 6000 8/19 40 800 8/25 1000 10000 8/21 35 700 Total 20000 8/23 50 1000 8/25 60 1200 Total 4300
2 ts eBook Mc Graw Hill The following information is for Punta Company for July: a. Factory overhead costs were applied to jobs at the predetermined rate of $50.00 per labor hour. Job Sincurred 6,250 labor hours; Job T used 4,350 labor hours. b. Job S was shipped to customers during July. c. Job T was still in process at the end of July. d. The overapplied or underapplied overhead to the Cost of Goods Sold account was closed at the end of July. e. Factory utilities, factory depreciation, and factory insurance incurred are summarized as follows: " Utilities Depreciation Insurance Total f. Direct materials and indirect materials used are as follows: $ 16,500 48,750 Job Job T Indirect labor Total $ 19,500 84,750 Job S $ 32,250 Job T $75,000 37,250 14,250 $46,500 $ 112,250 Total 107,250 $ 51,500 158,750 214,750 $373,500 Material A Material B Subtotal Indirect materials Total g. Direct labor incurred for the two jobs and indirect labor are as follows: $ 63,000 52,500 148,000 $263,500…
Leafon Corporation has two production departments, Casting and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Casting Department's predetermined overhead rate is based on machine hours and the Customizing Department's predetermined overhead rate is based on direct labor hours. At the beginning of the current year, the company had made the following estimates: Customizing Casting Machine-hours (MH) 20,000 17,500 Direct labor-hours (DLH) 7,000 9,000 Total Fixed MOH ℗ 175,000 P 165,500 Variable MOH per MH P 2.50 Variable MOH per DLH P 9.00 During the current month, the company started and finished Job Leaf-118. The following data were recorded for this job: Job Leaf-118 Customizing Casting Machine-hours 500 700 Direct labor-hours 100 450 The TOTAL AMOUNT of Overhead Applied to Job Leaf-118 is closest to Note: For interim calculations, use 5 decimal places; ROUND-UP final answer to a whole number.
Job Order Costing: T Account AnalysisP2. Eagle Carts, Inc., produces special-order golf carts, so Eagle Carts uses a job ordercosting system. Overhead is applied at the rate of 90 percent of direct labor cost. A listof transactions for January follows.Jan. 1 Purchased direct materials on account, $215,400.2 Purchased indirect materials on account, $49,500.4 Requested direct materials costing $193,200 (all used on Job X) and indirectmaterials costing $38,100 for production.10 Paid the following overhead costs: utilities, $4,400; manufacturing rent,$3,800; and maintenance charges, $3,900. Jan. 15 Recorded the following gross wages and salaries for employees: direct labor,$120,000 (all for Job X); indirect labor, $60,620.15 Applied overhead to production.19 Purchased indirect materials costing $27,550 and direct materials costing$190,450 on account.21 Requested direct materials costing $214,750 (Job X, $178,170; Job Y,$18,170; and Job Z, $18,410) and indirect materials costing $31,400…