Townsend Industries Inc. manufactures recreational vehicles. Townsend uses a job order cost system. The time tickets from November jobs are summarized as follows: Job 11-101 $6,240 Job 11-102 9,000 Job 11-103 7,210 Job 11-104 6,750 Factory supervision 4,000 Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $18 per direct labor hour. The direct labor rate is $40 per hour.

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A: Calculation of the selling price of the job:- The selling price of the job is $1,133.

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Q: Townsend Industries Inc. manufactures recreational vehicles. Townsend uses a job order cost system.…

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A: Job order cost system is that cost system in which we assign the cost of production to a specific…

Q: Townsend Industries Inc. manufactures recreational vehicles. Townsend uses a job order cost system.…

A: Factory overhead is calculated on the basis of of pre determined overhead rate. Pre determined…

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A: Job costing is a type of accounting that allows companies to track costs for specific jobs. The cost…

Q: .  Journalize the entry to record the factory labor costs. If an amount box does not require an…

A: Job order costing: A costing system in which manufacturing cost of each unit is assigned and…

Q: At the end of April, Cavy Company had completed Job 766 and 765. According to the individual job…

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Q: Townsend Industries Inc. manufactures recreational vehicles. Townsend uses a job order cost system.…

A: A job order costing system is used when there is an order of unique products. It is used to…

Q: Adorable Company has a job order cost system. For the month of April, the following debits (credits)…

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Q: The following information applies to the questions displayed below.] The following information is…

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A:

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A: Introduction:- A component of the wage bill or payroll that can be precisely and consistently…

Q: Townsend Industries Inc. manufactures recreational vehicles. Townsend uses a job order cost system.…

A: a.Prepare journal entry to record the factory labor costs.

Q: Townsend Industries Inc. manufactures recreational vehicles. Townsend uses a job order cost system.…

A: Particulars Amount Job 201 $6,240 Job 202 7,000 Job 203 5,210 Job 204 6,750 Total  $25,200…

Q: Haughton Company uses a job costing system for its production costs and a predetermined factory…

A: Note: This question has several questions. The first three, Q5, Q6, and Q7 have been answered below.…

Q: The following information is available for Lock-Tite Company, which produces special-order security…

A: Since we are entitled to answer up to 3 sub-parts, we’ll answer the first 3 schedules. Please…

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A: Compute work in process at end of April as shown below:

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A:

Q: Kaitlyn, Inc. is a manufacturer who uses a job order costing system. The data below summarizes the…

A: Sales revenue = units sold * selling price per unit

Q: Entries for direct labor and factory overhead   Townsend Industries Inc.manufactures recreational…

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A: The overhead is applied to production on the basis of predetermined overhead rate.

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A: Manufacturing overheads are the costs incurred upon the production of goods for its final output.…

Q: Haughton Company uses a job costing system for its production costs and a predetermined factory…

A: "Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Crane Manufacturing uses a job order cost system to account for its production of specialty patio…

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Q: Townsend Industries Inc. manufactures recreational vehicles. Townsend uses a job order cost system.…

A: Job-Order Cost System method ascertains cost of individual products that are produced by different…

Q: Jobless Corporation has a job order cost system. The following debits (redits) appeared in the…

A: Solution: Cost of ending WIP = 12,000 + 40,000 + 30,000 + 27,000 - 100,000 = P 9,000

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A: 1. Prepare general journal entries for the foregoing transactions.

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Q: Chamlee Industries Inc. manufactures recreational vehicles. Chamlee Industries uses a job order cost…

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Q: Gilford, Inc., uses a job order costing system. Costs going through the company's work in process…

A: The inventory accounts are classified as Work in process, finished goods inventory, cost of goods…

Q: At the end of April, Cavy Company had completed Jobs 766 and 765. The individual job cost sheets…

A: Answer a)    Job 765  Job 766 Direct Materials  $   7,560  $ 12,654 Direct…

Q: At the end of April, Cavy Company had completed Jobs 765 and 766. The individual job cost sheets…

A: A) balance of job cost sheet Job no. 765-        $13770 Job no. 766-      $27840   B) cost per unit-…

Q: West Company is a print shop that produces jobs to customer specifications. During January, Job…

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Q: he Summer Corp. manufactures office tables and chairs, and accounts for cost using the job order…

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Q: Smith, Inc. uses a job-order costing system with the predetermined overhead rate of $12 per…

A: Total cost of job means direct material cost, direct labour cost and manufacturing overhead.…

Q: Jenkins Company uses a job order cost system with overhead applied to jobs on the basis of direct…

A: It is assumed that the balance of work-in progress, finished goods & cost of goods sold is to be…

Q: Hahn Company uses a job-order costing system. Its plantwide predetermined overhead rate uses direct…

A: Overhead application rate: Overhead application rate refers to device that is used by the business…

Q: Entries for Direct Labor and Factory Overhead Townsend Industries Inc. manufactures recreational…

A: Journal entry: A journal entry is used to record day-to-day transactions of the business by…

Q: Kansas manufacturing company uses a job-order costing system and started the month of October with a…

A: Given:   Job B18 Job B19 Job C11 Direct materials  $13,000   $25,000   $16,000   Direct labor…

Q: Tybee Industries Inc. uses a job order cost system. The following data summarize the operations…

A: 1.The Journal entries of operations of industry T are as follows: