Problem 7-71 (Algo) Incomplete Data: Job Costing (LO 7-2, 3, 4) Plainview Paving Contractors (PPC) is a rapidly growing, recently established company that has not been profitable despite increases in sales. It has hired you as a consultant to find ways to improve profitability. You belleve that the problem results from poor cost control and inaccurate cost estimation on jobs. The company has essentially no accounting system from which to collect data. You are able, however, to piece together the following information for April: Production 1. Completed Job 33. 2. Started and completed Job 41 3. Started Job 42. Inventory Values Work-in-process inventory (excluding applied overhead): March 31: Job 33 Direct materials $8,100 Labor (1,000 hours $36) 36,000 April 30: Job 42 Direct materials Labor (1,078 hours $36) $ 7,300 38,520 - Job 33 was exactly 60 percent complete as to labor on March 31. Job 42 was exactly 40 percent complete as to labor on April 30. All direct materials necessary to do the entire job were charged to each job as soon as it was started. There were no direct materials inventories or finished goods Inventories at either March 31 or April 30, Actual overhead was $125,800. Cost of goods sold (before adjustment for over- or underapplied overhead): Job 33 Materials Labor Overhead 5 8,100 7 Total Job 41 $122,100 Materials Labor Overhead Total Overhead was applied to jobs using a predetermined rate per labor dollar that has been used since the company began operations. All direct materials were purchased for cash and charged directly to Work-in-Process Inventory when purchased. Direct materials purchased in April amounted to $18,360. Direct labor costs charged to jobs in April were $130,200. All labor costs were the same per hour for all laborers for April. Required: Calculate the following: a. The cost elements (materials, labor, and overhead) of cost of goods sold before adjustment for over- or underapplied overhead for each job sold. b. The value of each cost element (materials, labor, and overhead) for each job in work-in-process inventory at April 30. c. Over- or underapplied overhead for April

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

9. Accounting Issues in a Lean Environment Pinnacle Technologies has recently implemented a lean manufacturing approach. A production manager has approached the controller with the following comments: I am very upset with our accounting system now that we have implemented our new lean manufacturing methods. It seems as if all I’m doing is paperwork. Our product is moving so fast through the manufacturing process that the paperwork can hardly keep up. For example, it just doesn’t make sense to me to fill out daily labor reports. The employees are assigned to complete cells, performing many different tasks. I can’t keep up with direct labor reports on each individual task. I thought we were trying to eliminate waste. Yet the information requirements of the accounting system are slowing us down and adding to overall lead time. Moreover, I’m still getting my monthly variance reports. I don’t think that these are necessary. I have nonfinancial performance measures that are more timely…

Please don't provide image based answer.. thanku

Info in images (a) What is the customer margin under activity-based costing when the number of orders increases to 11? (Enter a loss as a negative amount.)   Customer margin under activity-based costing [       ]   (b) What is the product margin under the traditional costing system when the number of orders increases to 11? (Enter a loss as a negative amount.)   Product margin under the traditional costing system [            ]    (c) Which of the following statements are true? (You may select more than one answer.) check all that apply If a customer orders more frequently, but orders the same total number of units over the course of a year, the customer margin under activity based costing will decrease.unanswered If a customer orders more frequently, but orders the same total number of units over the course of a year, the product margin under a traditional costing system will decrease.unanswered If a customer orders more frequently, but orders the same…

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As manufacturing moves toward automation, direct laborA. continues to be a major factor in the cost of products since automation is not capable of totally supplanting production workers.B. continues to be an appropriate base for computing overhead rates in all situations.C. is becoming less of a factor in the cost of products since machines now perform various functions that once were performed by direct labor workers.D. continues to be a major factor in the cost of products since supervisory salaries are increasing.

I need help with this accounting problem

Note:- • Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. • Answer completely. • You will get up vote for sure.