Answered step by step
Verified Expert Solution
Question
1 Approved Answer
15 Assignment ces JUD 202 Total direct labor Indirect labor 53,200 24,900 Total labor used $ 78,100 d. Applied overhead to Job 201 and to
15 Assignment ces JUD 202 Total direct labor Indirect labor 53,200 24,900 Total labor used $ 78,100 d. Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate is E e. Transferred Job 201 to Finished Goods Inventory f. (1) Sold Job 201 for $165,860 on credit. (2) Record cost of goods sold for Job 201 g. Incurred the following actual other overhead costs for the month Depreciation of factory equipment Rent on factory building (payable) Factory utilities (payable) Expired factory insurance Total other factory overhead costs $ 32,700 570 870 3,700 $ 37,840 1. Prepare a job cost sheet for Job 201 and for Job 202 for the month. 2. Compute gross profit on the sale of Job 201 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a job cost sheet for Job 201 and for Job 202 for the month. Job Number Job Number 701 202 Materials $ 48,900 $ 24,300 Labor 39,900 13,300 Overhead Total cost $ 88,800 $ 37 600 Required 1 Required 2>
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started