Exercise #4 of 4: A company, which uses a job cost system, has provided you with...
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Exercise #4 of 4: A company, which uses a job cost system, has provided you with the following: Job Cost Sheet JOB NO. 64 FOR Bendix Quantity 1,500 Date Completed 5/31 Date Direct Materials Direct Labor Manufacturing Overhead 5/10 1,330 12 1,120 15 550 825 22 480 720 24 1,000 27 1,870 31 670 1,005 Cost of completed job: Direct materials Direct labor Manufacturing Overhead Total cost Unit cost Requirements: 1. Calculate the predetermined manufacturing overhead rate? 2. What the total cost and the unit cost of the completed job? 3. Prepare the journal entry to record the completion of the job. Exercise #4 of 4: A company, which uses a job cost system, has provided you with the following: Job Cost Sheet JOB NO. 64 FOR Bendix Quantity 1,500 Date Completed 5/31 Date Direct Materials Direct Labor Manufacturing Overhead 5/10 1,330 12 1,120 15 550 825 22 480 720 24 1,000 27 1,870 31 670 1,005 Cost of completed job: Direct materials Direct labor Manufacturing Overhead Total cost Unit cost Requirements: 1. Calculate the predetermined manufacturing overhead rate? 2. What the total cost and the unit cost of the completed job? 3. Prepare the journal entry to record the completion of the job.
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SOLUTION 1 Calculate the predetermined manufacturing overhead rate The predetermined manufacturing o... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0470161012
9th Canadian Edition, Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
Posted Date:
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