Total material cost? Premium Auto Detailing uses a job materials sheet for eachservice. Job #567 consumed: washing solution 2.5 liters at$12/liter, wax 0.8 liters at $35/liter, and microfiber clothsis total materials cost.$45 total.

Washing solution = 2.5 liters * $12/liter = $30Wax= 0.8 liters * $35/liter = $28Microfiber cloths =…

Answered: Premium Auto Detailing uses a job…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter2: Job Order Costing

Section: Chapter Questions

Problem 10E: Exotic Engine Shop uses a job order cost system to determine the cost of performing engine repair...

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Preparing job order costing journal entries Journalize the following transactions for Marge’s Sofas. Explanations are not required. Incurred and paid Web site expenses, $2,000. incurred manufacturing wages of $15,000, 75% of which was direct labor and 25% of which was indirect labor. Purchased raw materials on account, $24,000. Used in production: direct materials, $7,500; indirect materials, $5,000. Recorded manufacturing overhead: depreciation on plant, $18,000; plant insurance (previously paid), $1,500; plant property tax, $3,900 (credit Property Tax Payable). Allocated manufacturing overhead to jobs, 200% of direct labor costs. Completed production on jobs with costs of $40,000. Sold inventory on account, $22,000; the cost of goods sold, $18,000. Adjusted for overallocated or under-allocated overhead.
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.
like to set Microsoft Edge as your default browser? Set as default CD Job-order Costing System Activities Activity 1: The following information is for GANA Company that uses the job-order costing technique for determining cost of sales. The following data is obtained from its records for the year ended 31 st December 2020. Particular BD. Direct materials 8000 Direct labour 5000 Factory overheads 12500 Administrative overheads 3500 Selling and Distribution overheads 4500 Profit on cost 10% You are required to: 1- Prepare a Job cost sheet indicating prime cost, work cost, production cost, cost of sales and sales value.
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
See attached photos for the questions and what I need help on. I’d appreciate help on Part A & B. Thanks!
Please answer correct with good presentation using commas and dollar sign in each figure
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
Multiple choice
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.
Entries for materialsGenX Furnishings manufactures designer furniture. GenX Furnishingsuses a job order cost system. Balances on June 1 from the materialsledger are as follows: FabricPolyester filling LumberGlue $40,50028,60062,4006,550 The materials purchased during June are summarized from thereceiving reports as follows: FabricPolyester filling LumberGlue $ 440,000130,000360,00040,000 Materials were requisitioned to individual jobs as attached: The glue is not a significant cost, so it is treated as indirect materials(factory overhead).a. Journalize the entry to record the purchase of materials in June. b. Journalize the entry to record the requisition of materials in June.c. Determine the June 30 balances that would be shown in the materialsledger accounts.

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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.