45.Sportly, Inc. started and completed Job No. B14 during 2017. The job cost sheet listed the following: Direct materials Direct labor Manufacturing overhead applied Units produced Units sold How much is the cost of the ending finished goods from this job? A. $210,000 B. $126,000 C. $ 84,000 D. $102,000 $110,000 $60,000 $40,000 3,000 units 1,800 units

45.Sportly, Inc. started and completed Job No. B14 during 2017. The job cost sheet listed the following: Direct materials Direct labor Manufacturing overhead applied Units produced Units sold How much is the cost of the ending finished goods from this job? A. $210,000 B. $126,000 C. $ 84,000 D. $102,000 $110,000 $60,000 $40,000 3,000 units 1,800 units

Name: Subject - account Please help me. Thankyou. 45.Sportly, Inc. started a
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: Subject - account Please help me. Thankyou. 45.Sportly, Inc. started and completed Job No. B14 during 2017. The job cost sheet listed thefollowing:Direct materialsDirect laborManufacturing overhead appliedUnits producedUnits soldHow much is the cost

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 2PB: Rulers Company is a neon sign company that estimated overhead will be $60,000, consisting of 1,500...

See similar textbooks

Similar questions

Amounts for materials Big Timber Furniture Company manufactures furniture. Big Timber Furniture uses a job order cost system. Balances on June 1 from the materials ledger are as follows: The materials purchased during June are summarized from the receiving reports as follows: Materials were requisitioned to individual jobs as follows: The glue is not a significant cost, so it is treated as indirect materials (factory overhead). a.Determine the total purchase of materials in June. b.Determine the amounts of materials transferred to Work in Process and Factory Overhead during June. c.Determine the June 30 balances that would be shown in the materials ledger accounts.
York Company Is a machine shop that estimated overhead will be $50,000, consisting of 5,000 hours of direct labor. The cost to make job 0325 is $70 in aluminum and two hours of labor at $20 per hour. During the month. York incurs $50 in indirect material cost. $150 in administrative labor, $300 in utilities, and $250 in depreciation expense. What is the predetermined overhead rate if direct labor hours are considered the cost driver? What is the cost of Job 0325? What is the overhead incurred during the month?
Compute the total job cost for each of the following scenarios: a. If the direct labor cost method is used in applying factory overhead and the predetermined rate is 100%, what amount should be charged to Job 2010 for factory overhead? Assume that direct materials used totaled 5,000 and that the direct labor cost totaled 3,200. b. If the direct labor hour method is used in applying factory overhead and the predetermined rate is 10 an hour, what amount should be charged to Job 2010 for factory overhead? Assume that the direct materials used totaled 5,000, the direct labor cost totaled 3,200, and the number of direct labor hours totaled 250. c. If the machine hour method is used in applying factory overhead and the predetermined rate is 12.50 an hour, what amount should be charged to Job 2010 for factory overhead? Assume that the direct materials used totaled 5,000, the direct labor cost totaled 3,200, the direct labor hours were 250 hours, and the machine hours were 295 hours.
Rulers Company is a neon sign company that estimated overhead will be $60,000, consisting of 1,500 machine hours. The cost to make Job 416 is $95 in neon, 15 hours of labor at $13 per hour, and five machine hours. During the month, it incurs $95 in indirect material cost, $130 in administrative labor, $320 in utilities, and $350 in depreciation expense. What is the predetermined overhead rate if machine hours are considered the cost driver? What is the cost of Job 416? What is the overhead incurred during the month?
During the month, Job Arch2 used specialized machinery for 350 hours and incurred $700 in utilities on account. $400 in factory depreciation expense, and $200 in property tax on the factory. Prepare journal entries for the following: A. Record the expenses incurred. B. Record the allocation of overhead at the predetermined rate of $1.50 per machine hour.
For the year ended December 31 2017, Waltz Company incurred the following costs on job number 007 for manufacturing 500 units: Original cost accumulation:Direct materials P800,000Direct labor 500,000Manufacturing 125,000 Direct costs of reworking 200 units Direct materials P320,000Direct labor 200.000What is the cost per unit of Job number 007 if the rework costs were attributed to internal failure?
For the year ended December 31, 2017, Waltz company incurred the following costs on job number 007 for manufacturing 500 units: Original cost accumulation Direct Materials P800,000Direct Labor 500,000Manufacturing 125,000Direct costs of reworking 200 units Direct Materials P320,000Direct Labor 200,000 What is the cost per unit of Job number 007 if the rework costs were attributable to the exacting specifications?
Concord Corporation completed Job No. B14 during 2019. The job cost sheet listed the following: Direct materials $160000 Direct labor $150000 Manufacturing overhead applied $130000 Units produced 5000 units Units sold 4800 units How much is the cost of the finished goods on hand from this job? $ 17600 $554800 $440000 $422400
Bonita Industries completed Job No. B14 during 2019. The job cost sheet listed the following: Direct materials $110000 Direct labor $100000 Manufacturing overhead applied $80000 Units produced 3000 units Units sold 1800 units How much is the cost of the finished goods on hand from this job? $290000 $158000 $ 116000 $174000
Assume the following for White Top Inc. for the current fiscal year. White Top applies overhead onthe basis of units produced.Job Machine Hours246 5,200247 4,000Direct labor hours 50,000Average hourly pay rate $16.00Manufacturing overhead $1,400,000Budgeted overhead $350,000Actual overhead $360,000Actual labor hours 22,000Actual number of units sold 650,000Overapplied overhead $ 30,000Budgeted production (units) 700,000Budgeted overhead $200,000Actual overhead $222,000Actual labor hours 15,000Actual number of units sold 43,000Underapplied overhead $ 20,000Budgeted production (units) 50,000Required How many units were produced in the current fiscal year?
For the year ended December 31, 2017, Waltz Company incurred the following costs on job number 007 for manufacturing 500 units: Original cost accumulation: Direct materials Direct labor Manufacturing P800,000 500.000 125,000 Direct costs of reworking 200 units Direct materials Direct labor P320,000 What is the cost per unit of Job number 007 if the rework costs were attributable to the exacting specifications?
For the year ended December 31,2030, Jane Inc. incurred the following cost on Job Order 01 for manufacturing of 1,000 units: Original cost accumulation Direct Materials: 1,000,000 Direct Labor: 800,000 Factory Overhead: 200,000 Direct Cost of reworking 100 Units: Direct Materials: 200,000 Direct Labor: 400,000 1.What is the cost per unit of Job 01 if the rework cost were attributable to the exacting specification of Job order 01? 2. What is the cost per unit of Job 01 if the rework cost were attributable to internal failure?