vertime Allocation Albert Machine Tool Company produces tools on a job order basis. During May, two jobs were completed, and the following costs were incurred: Job 401 Job 402 Di rect materials $28,000 $37,000 Di rect labor: Regular 18,000 23,000 Overtime premium 6,000 Other factory costs for the month totaled $16,800. Factory overhead costs are allocated one- third to Job 401 and two-thirds to Job 402. a. Describe two alternative methods for assigning the overtime premium cost to Jobs 401 and 402 and explain how the appropriate method would be determin

Q: Direct Labor Costs During May, Hatch Company accumulated 790 hours of direct labor costs on Job 200…

A: Solution:- Given, Hatch Company accumulated = 790 hours on Jobs 200…

Q: Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation…

A: Total cost of the job included the raw material and conversion cost incurred for the job. Total cost…

Q: Job A38 was ordered by a customer on September 25. During the month of September, Jaycee Corporation…

A: Total direct material cost = $2700 + 3200 = $5,900 Total direct labor cost = $4200+6700 = $10,900

Q: Job costing—service industry. Market Pulse performs market research for consumer product companies…

A: Hey, since there are multiple questions posted, we will answer the first three questions. If you…

Q: Work-in-process of Alonzo Corporation in July 1, 2019 (per general ledger) is P22,800. Per cost…

A: Solution: Applied overhead in Beginning Work in process = Total Work in process - direct materials -…

Q: Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation…

A: calculation for work in process  are as follows:

Q: Job Costs, Ending Work in Process During March, Aragon Company worked on three jobs. Data relating…

A: Job costing is a type of accounting that helps companies to monitor expenses for specific jobs. The…

Q: Job order cost accounting for a service company The law firm of Furlan and Benson accumulates costs…

A: Job-order costing is a method that is used to determine the manufacturing cost of each product or…

Q: Job Costs At the end of August, Carrothers Company had completed Jobs 50 and 56. Job 50 is for…

A: Job costing is a method of computation of cost incurred on specific jobs performed as per the…

Q: Tierney Company begins operations on April 1. Information from job cost sheets shows the following.…

A: Job costing system involves assigning of costs to specific jobs. In this system, all the material,…

Q: Underapplied overhead analysis Tyler Company applies manufacturing overhead to production at the…

A: Overhead: It can be defined as the expense related to an ongoing business that is not…

Q: Evaluate each position—the controller’s, the plant manager’s, and the sales manager’s. If you…

A: 1)   Plant Manager’s View: He favours charging overtime premium to jobs worked on during overtime…

Q: e) Actual overhead costs for the month mount to $42000. Overhead costs has not been paid in cash…

A: Inventory- It is the amount of those units which is not sold yet by the entity or the units which…

Q: Ali Construction has two jobs in July, Jobs N75 and N76. Overhead is applied at a rate of $25,00 per…

A: Gross profit refers to deduction of cost of goods sold from the value of net sales.

Q: 17. Carolina Co. applies overhead to jobs at the rate of 40 percent of direct labor cost. Direct…

A: Hi student Since there are multiple questions, we will answer only first question

Q: A company uses job order costing. At the beginning of February, two jobs were in process: Job 769…

A: The cost of goods manufactured is the total cost, including the direct material, direct labor, and…

Q: Direct Labor Costs During May, Jernigan Company accumulated 770 hours of direct labor costs on Job…

A: A Journal is made to record all the business transactions in chronological order. It is the first…

Q: Direct Labor Costs During May, Darling Company accumulated 530 hours of direct labor costs on Job…

A: Direct Labour Costs :— It is the total cost incurred by company for wages of employees which is…

Q: Richards Company employs a job order costing system. Only three jobs- Job #205, Job #206, and Job…

A: SOLUTION-   WORK IN PROCESS  IS WORK IN ANY OF THE STAGES  THROUGH WHICH IT PASSES BEING MADE INTO A…

Q: e) Actual overhead costs for the month mount to $42000. Overhead costs has not been paid in cash…

A: answer is given as per student specifications.    given that, total accumulated costs of $105000…

Q: 47. SlayLang Company employs a job order costing system. Only three jobs, #105, #106 and #107 were…

A: Overhead means the cost incurred indirect in factory for the production of goods. Manufacturing…

Q: Overtime Allocation Albert Machine Tool Company produces tools on a job order basis. During May, two…

A: Other Factory Costs Distribution : Job 401 : $ 16800 * 1 / 3= $ 5600 Job 402 : $ 16800 * 2 /3 = $…

Q: Ped prints brochures for clients and uses job order costing. He applies his overhead cost to jobs…

A: For determining the cost of job completed we have to add all direct costs like direct material,…

Q: Ahlia Industries allocates manufacturing overhead at a predetermined rate of 180% of direct labor…

A: Cost of goods manufactured = Beginning WIP inventory + costs incurred during the period - Ending WIP…

Q: During March, Aragon Company worked on three jobs. Data relating to these three jobs follow: Job 78…

A: Job order costing is a costing method in which the costs associated with a particular task or job is…

Q: E3-5 Overtime Allocation Arlin Fabrication Company produces tools on a job order basis. During May,…

A: In this question, we are require to calculate overtime premium allocation to the jobs. Overtime…

Q: Richards company employs a job order costing system. Only three jobs- Job 3205, Job #206, and job…

A: Solution: balance of work in process as of January 31 = Cost of Job 205 incurred in January +  Cost…

Q: Marco Company shows the following costs for three jobs worked on in April.   Job 306 Job 307 Job…

A: Cost of goods sold = Direct materials used + Direct labor + Overhead applied The inventory accounts…

Q: K company production was working on Job 1 and Job 2 during the month. Of the $790 in direct…

A: Introduction Job order costing: Job costing is also known as order costing. In this method of…

Q: Kyle Forman worked 47 hours during the week for Erickson Company at two different jobs. His pay rate…

A: Total hours worked = 47 Pay rate for first 40 hours = $14.00 Pay rate for next 7 hours = $11.80

Q: Jernigan Company estimates that total factory overhead costs will be $288,000 for the year. Direct…

A: Predetermined overhead rate = Total estimated overhead costs / total estimated quantity of the…

Q: Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation…

A: Total cost of job is the amount of cost incurred on providing the job. It includes the direct…

Q: Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation…

A: Overhead means the cost incurred indirect in factory for the production of goods. Job costing means…

Q: from previous months. Job Hunber Direct LaborApplied Overhead $23,040 15,120 SY-400 SY-403 During…

A: Workings:

Q: Job-Order Costing Variables On July 1, Job 46 had a beginning balance of $690. During July, prime…

A: Overheads applied:             Ending balance of job Less:    Prime cost added Less:…

Q: Job-Order Costing Variables On July 1, Job 46 had a beginning balance of $690. During July, prime…

A:

Q: Prepare job order cost sheets for each job.

A: Job Order cost sheet for Job 1   Amount Calculation Direct Material $375   Direct Labor 374…

Q: In March, Stinson Company completes Jobs 10 and 11. Job 10 cost $ 20,000 and Job 11 $ 30,000. On…

A: A journal entry is a form of accounting entry that is used to report a business transaction in a…

Q: Entry for Factory Labor Costs The weekly time tickets indicate the following distribution of labor…

A: Cost accounting is beneficial since it can demonstrate where a corporation spends money, earns…

Q: Direct Labor Costs August, Carrothers Company accumulated 790 hours of direct labor costs on Job 50…

A: Total direct labor cost:   Job 50 (790 hours * $ 15) $ 11,850 Job 56 (500 hours * $ 13) $ 6,500…

Q: The following cost data are available for Honesty Co. for its first month of operations:…

A: Prime cost means the addition of direct material and direct labor and other direct expenses.…

Q: e completed, and the following costs were incurred: Job 401 Job 402 P 37,000 23,000 6,000 Direct…

A: Overtime refers to the amount of time which someone works beyond the normal hours of working and…

Q: In March, Crane Company completes Jobs 10 and 11. Job 10 cost $21,000 and Job 11 $31,000. On March…

A: Journal entry for completion of both the josbs will be done as under:Work in process inventory of…

Q: company uses job order costing. At the beginning of February, two jobs were in process: Job 769 Job…

A: SOLUTION- COST OF GOOD MANUFACTURED REFERS A STATEMENT TO SHOW TOTAL PRODUCTION COSTS . ITS THE…

Q: Job Number Materials Requisition Slips Labour Time Tickets 429 $2,500 $1,900 430 3,500 3,000 431…

A: Job-order costing is a method of cost accounting, in which cost is allocated and accumulated for…