Premium Auto Detailing uses a job materials sheet for each service. Job #567 consumed: washing solution 2.5 liters at $12/liter, wax 0.8 liters at $35/liter, and microfiber cloths is total materials cost. $45 total.

Preparing job order costing journal entries Journalize the following transactions for Marge’s Sofas. Explanations are not required. a. Incurred and paid Web site expenses, $2,000. b. incurred manufacturing wages of $15,000, 75% of which was direct labor and 25% of which was indirect labor. c. Purchased raw materials on account, $24,000. d. Used in production: direct materials, $7,500; indirect materials, $5,000. e. Recorded manufacturing overhead: depreciation on plant, $18,000; plant insurance (previously paid), $1,500; plant property tax, $3,900 (credit Property Tax Payable). f. Allocated manufacturing overhead to jobs, 200% of direct labor costs. g. Completed production on jobs with costs of $40,000. h. Sold inventory on account, $22,000; cost of goods sold, $18,000. i. Adjusted for overallocated or underallocated overhead.

Tik Tok Company manufactures customized coffee tables. The following relates to Job No.X10, an order for 150 coffee tables:Direct materials used $22 800Direct labour hours worked 600Direct labour rate per hour $16.00Machine hours used 400Applied factory overhead rate per machine hour $30.00Required:a) What is the total manufacturing cost for Job No. X10? b) Calculate the cost per coffee table for Job No. X10? c) List two uses of this unit cost information to the managers at Tik Tok Company. please provide the proper expalnation because i have to many difficulty in this problem

Solution step by step

A job order cost sheet for Bramble Company is shown below. Job No. 92           For 2,000 Units Date   DirectMaterials   DirectLabor   ManufacturingOverhead Beg. bal. Jan. 1   6,900   7,300   5,840 8   7,300         12       9,700   8,148 25   2,600         27       5,100   4,284     16,800   22,100   18,272   Cost of completed job:        Direct materials   $ 16,800    Direct labor   22,100    Manufacturing overhead   18,272 Total cost   $ 57,172 Unit cost ($ 57,172 ÷ 2,000)   $ 29 On the basis of the foregoing data, answer the following questions.(a) What was the balance in Work in Process Inventory on January 1 if this was the only unfinished job? Balance in Work in Process Inventory on January 1   $ enter the Balance in Work in Process Inventory on January 1 in dollarsenter the Balance in Work in Process Inventory on January 1 in dollars (b) If manufacturing overhead is applied on the basis of direct labor cost, what…

Designer Furniture Company manufactures designer home furniture. Designer Furniture uses a standard cost system. The direct labor, direct materials, and factory overhead standards for a finished dining room table are as follows: Line Item Description Classification Value Direct labor: standard rate $24.00 per hr. Direct labor: standard time per unit 3.50 hrs. Direct materials (oak): standard price $8.50 per bd. ft. Direct materials (oak): standard quantity 15 bd. ft. Variable factory overhead: standard rate $3.20 per direct labor hr. Fixed factory overhead: standard rate $0.80 per direct labor hr. a.  Determine the standard cost per dining room table. Round to two decimal places.fill in the blank 1 of 1$ per table

Tik Tok Company manufactures customized coffee tables. The following relates to Job No.X10, an order for 150 coffee tables:Direct materials used $22 800Direct labour hours worked 600Direct labour rate per hour $16.00Machine hours used 400Applied factory overhead rate per machine hour $30.00Required:a) What is the total manufacturing cost for Job No. X10? (3 marks)b) Calculate the cost per coffee table for Job No. X10? (2 marks)c) List two uses of this unit cost information to the managers at Tik Tok Company. (2 marks)

Auto Safe's job cost sheet for Job A40 shows that the total cost to add security features to a car was $11,500. The car was delivered to the customer, who paid $16,200 cash for this job. Prepare the journal entries for Job A40 to record (a) its completion and (b) its sale. View transaction list Journal entry worksheet < 1 2 Record transfer of cost of completed job to Finished Goods. Transaction 3 Note: Enter debits before credits. Record entry General Journal Clear entry Debit Credit View general journal

Tik Tok Company manufactures customized coffee tables. The following relates to Job No. X10, an order for 150 coffee tables: Direct materials used $22 800 Direct labour hours worked 600 Direct labour rate per hour $16.00 Machine hours used 400 Applied factory overhead rate per machine hour $30.00 a) What is the total manufacturing cost for Job No. X10? b) Calculate thecost per coffee tablefor Job No. X10? c) List two uses of this unit cost information tothe managers at Tik Tok Company.

Pratice Problem 2: A company's individual job sheets show these costs: A chart showing costs for Jobs 131, 132, and 133. Direct materials is RO 4585, RO 8723, and RO 1575 respectively. Direct labor is RO2385, RO 2498, and RO 2874, respectively. Overhead is applied at 1.25 times the direct labor cost. You are required to : Prepare an entry to record the assignment of direct materials to work in process. Prepare an entry to record the assignment of direct labor to work in process. Prepare an entry to record the assignment of manufacturing overhead to work in process.