Totaling job costs The Kelly Manufacturing Company finished Job 643 for 250 engines on July 30, 19X7 The following costs were recorded on the job cost sheet Complete the following calculations (You may want to review Chapter 2 on prime and conversion costs ) a What are the prime costs for this job ...

The Answer is in the image, click to view ...

Totaling job costs. The Kelly Manufacturing Company finished Job 643 for 250 engines on July 30, 19X7.

Question:

Totaling job costs. The Kelly Manufacturing Company finished Job 643 for 250 engines on July 30, 19X7. The following costs were recorded on the job cost sheet:

image text in transcribed

Complete the following calculations. (You may want to review Chapter 2 on prime and conversion costs.)

a. What are the prime costs for this job?

b. What are the conversion costs?

c. Determine the total cost for this job and the unit cost for each engine.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Cost Accounting Principles And Applications

ISBN: 9780070081529

5th Edition

Authors: Horace R. Brock

See More Books

Question Posted: Jun 21, 2024 09:01 AM

See More Questions

hello, need help with a accounting quiz I have attached: 1) quiz 2)pdf files CH. 18- CH 21 Chapter 18 \"Managerial Accounting Concepts/Job Costing\" from Accounting Principles: A Business...
With the following transactions and adjusted entries, what would the worksheet looks like including the income statement and balance sheet. Also I need help with recording adjusted journal entries...
With the following transactions and adjusted entries, what would the worksheet looks like including the income statement and balance sheet. Also I need help with recording adjusted journal entries...
A mover lifts a 50 lbm box off the ground and places it on a truck (Figure 1-21). If the floor of the truck is 4 feet off the ground, how much work was required to lift the box? 4 ft 50 lbs...
Evaluate y2 - y1/x2 - x1 for x1 = -3, x2 = -8, y1 = -5, y2 = -3.
Abbotsford Ltd., a sports equipment wholesaler, sold $350,000 of merchandise to customers during November. The cost of the merchandise shipped was $200,000. All of the merchandise was shipped FOB...
July 1, 1997, marked a historic date as Hong Kong reverted to political and economic control by mainland China. Despite uncertainties caused by this change, traditional Hong Kong stocks have...
The Castillo Products Company described in Problem 6 had a very difficult operating year in 2009, resulting in a net loss of $65,000 on sales of $900,000. In 2010, sales jumped to $1,500,000, and a...
-What do you think provides the best reason for thinking that discrimination is wrong? -What restrictions are permissible for employers to place on freedom of expression at work? -To what extent...
Journalizing the cost of completed jobs. At the end of June, the total of the completed jobs journal was $263,870. Prepare the entry in general journal form to record the cost of the completed jobs.
If the monthly schedule of manufacturing overhead shows that overhead was overapplied or underapplied, what additional information about this item would management want to have?
Visit the SECs website. What resources are available for consumers? https://www.sec.gov/
Calculate the total tax saved in year 5 as a result of the depreciation deduction for an office building that was purchased for $1295000 and had an estimated value for the land of 18.00% of the total...
Given the following Income Statement Information: Consolidated Income Statement - USD ($) $ in Millions Operating Revenue: $ 18,827 Cost of Revenue: $ 8,405 General & Admin: $1,831 Selling Expense:...
You plan to accumulate $11,000 for a car in 4 years' time. To do this, you will make 16 level deposits (quarterly) with the first deposit today. If you earn 9.0% per annum compounding quarterly, what...
Problem 2: Consider the following complex number in Polar Form: Z = 3.7ei (127) a) Express z in Rectangular Form Problem 3: Consider the following general Complex Function. f(z) = u(x, y) + iv(x, y)...
Given FWM is 725kg, DR is 0.37m, TMI is 5350kg and Vm/s is 16 Model 1 Technical Information: Model 1 contains a FWM kg flywheel, a disk that has radius of DR m, and has a total mass of TMI kg. A...
The alkane formed by hydrogenation of (S)-4-methyl-1-hexyne is optically active, but the one formed by hydrogenation of (S)-3-methyl-1-pentyne is not. Explain. Would you expect the products of...
Nike manufactures shoes and sportswear. How has the Internet changed the way this company communicates with its suppliers and retail customers?

Totaling job costs. The Kelly Manufacturing Company finished Job 643 for 250 engines on July 30, 19X7.

Question:

Materials $23,650 Labor-Milling 18,480 Labor-Assembling 19,250 Labor-Finishing 12,670 Overhead-Milling 9,830 Overhead-Assembling 10,175 Overhead-Finishing 8,020

Step by Step Answer:

Cost Accounting Principles And Applications

Students also viewed these Business questions