AL AaBbCcDdEe AaBbCcDd Ee AaBbCcD Heading 1 Normal No Spacing Assignment 2 - Handout ACCT 206 Part I - Job Order Costing Builders-R-Us continued work on job M-17 this month, until it was finished and sold near the end of the month. The following information pertains to job M-17: Work done in previous periods included $27,000 of raw materials and 548,000 of conversion cost This month, the company purchased $102,000 of raw materials, which gave them a total of $157,000 available for use. Actual material usage for the month was $103,000. The company's average wage rate for assembly workers is $23 per hour. This month, there were a total of 1,300 man-hours incurred for this type of work. Overhead is applied to production based on man hours. The budget for the month called for $200,000 of overhead and 1,600 man-hours. Actual overhead costs were tabulated at the end of the month and totaled $194,000 Use the preceding information to complete the CH 19 tab in the excel book provided. Calculate the pre- determined overhead rate (POWR) and put your answer in the appropriate cell (be sure to include units) Each T-account should be completed by inputting a beginning balance (sometimes this may be zero adds, subtracts, and an ending balance. After recording all entries pertaining to the information above, review the account for overhead to determine if it is over or under-applied (fill in the cell provided with the word and the dollar amount). Then, make the appropriate adjustment to address this issue. Part -Equivalent Units Jones Steel has been manufacturing ball bearings as one of its main products. Due to the firm's unique production process, materials are not added until conversion is SO complete. This month started with 18.500 ball bearings in process that had not yet been completed were 40N complete with respect to conversion cost. Cost incurred on these units totaled $21.000. Also, the company started another 120,500 bal bearings from scratch. At the end of the month, 102,000 ball bearings were complete. The Incomplete units were 25 complete with respect to conversion cost Total materials cost for the current month was found to be SI55.000 de conversion cost for the current month was $95.000 Use the CH 20 tab of the template to calculate equivalent units of production and cost per equivalent unit based on the above information le Window Help Assignment 2 Review View lings E 41 AaBbCcDdEe Anobede AaBbCcDc AaBCCD No Spacing Heading 1 Heading 2 Normal Assignment 2-Handout ACCT Parti-Job Order Costing Builders-R-Us continued work on job M-17 this month, until it was finished and sold near the end of the month. The following information pertains to job M-17: Work done in previous periods included $27,000 of raw materials and 548,000 of conversion cost This month, the company purchased $102,000 of raw materials, which gave them a total of $157,000 available for use. Actual material usage for the month was $103,000. The company's average wage rate for assembly workers is $23 per hour. This month, there were a total of 1,300 man hours incurred for this type of work. Overhead is applied to production based on man hours. The budget for the month called for $200,000 of overhead and 1,600 man-hours. Actual overhead costs were tabulated at the end of the month and totaled $194,000 Use the preceding information to complete the CH 19 tab in the excel book provided. Calculate the pre- determined overhead rate (POHR) and put your answer in the appropriate cell be sure to include units Cach Taccount should be completed by inputting a beginning balance sometimes this may be rerol adds, subtracts, and an ending balance. After recording all entries pertaining to the information above, review the account for overhead to determine if it is over or under-applied in the cell provided with the word and the dollar amount). Ther, make the appropriate adjustment to address this issue PartsEquivalent Units Jones Steel has been manufacturing ball bearings as one of its main products. Due to the firm's unique production process, materials are not added until conversion is 50% complete. This month started with 18,500 ball bearings in process that had not yet been completed were 40% complete with respect to conversion cost). Cost incurred on these units totaled $21,000. Also, the company started another 120,500 ball bearings from scratch. At the end of the month, 102,000 ball bearings were complete. The incomplete units were 25 complete with respect to conversion cost. Total materials cost for the current month was found to be $155,000 while conversion cost for the current month was $95.000. Use the CH 20 tab of the template to calculate equivalent units of production and cost per equivalent unit based on the above information Help Assignment 2 Template Excel File Edit View insert Format Tools Data Window .. AutoSave ABESU. Home Insert Draw Page Layout Formulas Data Review View Calibri (Body) 11 A A = * BI O E E 025 x fx Wrap Text Wrap Text 00 Merge & Center Custom $ % Condition Format Cell Delene Format Formatting as Table Styles X M N O P Q R S T U T-Accounts for job M-17 Menurturing Overhead Prior to jument overheads CH 19 CH 20ACH 211 Tools Data Window Help Assig Excel File Edit View Insert Format AutoSave ABESU- Insert Draw Page Layout Formulas * Calibri (Body) 11 A A - BTUE A A View Data Review == 29 Wrap Text Merge & Center Started Totaltet for Trundled out Total accounted for CH 19 CH CH 21 Assignment 2 Template View OF ADES Page Layout Formulas Data Review (Body) 11 AA == O A 29 Wrap Text General U 5 E Merge & Center $ % 8-99 Conditional Format Formatting as Table Cell Styles Insert Delete Format X D E F G H I Units sold: Contribution Income Statement Per unit amounts Revenue Variable costs Tight Mat. Wages Dyes Commission Contribution Margin Break Even Ses Dollars Profit of $1,000,000 Fixed Costs Insurance Maintenance Sal Depreciation Accounting Sal. Exec. Sal Rent Net Income AL AaBbCcDdEe AaBbCcDd Ee AaBbCcD Heading 1 Normal No Spacing Assignment 2 - Handout ACCT 206 Part I - Job Order Costing Builders-R-Us continued work on job M-17 this month, until it was finished and sold near the end of the month. The following information pertains to job M-17: Work done in previous periods included $27,000 of raw materials and 548,000 of conversion cost This month, the company purchased $102,000 of raw materials, which gave them a total of $157,000 available for use. Actual material usage for the month was $103,000. The company's average wage rate for assembly workers is $23 per hour. This month, there were a total of 1,300 man-hours incurred for this type of work. Overhead is applied to production based on man hours. The budget for the month called for $200,000 of overhead and 1,600 man-hours. Actual overhead costs were tabulated at the end of the month and totaled $194,000 Use the preceding information to complete the CH 19 tab in the excel book provided. Calculate the pre- determined overhead rate (POWR) and put your answer in the appropriate cell (be sure to include units) Each T-account should be completed by inputting a beginning balance (sometimes this may be zero adds, subtracts, and an ending balance. After recording all entries pertaining to the information above, review the account for overhead to determine if it is over or under-applied (fill in the cell provided with the word and the dollar amount). Then, make the appropriate adjustment to address this issue. Part -Equivalent Units Jones Steel has been manufacturing ball bearings as one of its main products. Due to the firm's unique production process, materials are not added until conversion is SO complete. This month started with 18.500 ball bearings in process that had not yet been completed were 40N complete with respect to conversion cost. Cost incurred on these units totaled $21.000. Also, the company started another 120,500 bal bearings from scratch. At the end of the month, 102,000 ball bearings were complete. The Incomplete units were 25 complete with respect to conversion cost Total materials cost for the current month was found to be SI55.000 de conversion cost for the current month was $95.000 Use the CH 20 tab of the template to calculate equivalent units of production and cost per equivalent unit based on the above information le Window Help Assignment 2 Review View lings E 41 AaBbCcDdEe Anobede AaBbCcDc AaBCCD No Spacing Heading 1 Heading 2 Normal Assignment 2-Handout ACCT Parti-Job Order Costing Builders-R-Us continued work on job M-17 this month, until it was finished and sold near the end of the month. The following information pertains to job M-17: Work done in previous periods included $27,000 of raw materials and 548,000 of conversion cost This month, the company purchased $102,000 of raw materials, which gave them a total of $157,000 available for use. Actual material usage for the month was $103,000. The company's average wage rate for assembly workers is $23 per hour. This month, there were a total of 1,300 man hours incurred for this type of work. Overhead is applied to production based on man hours. The budget for the month called for $200,000 of overhead and 1,600 man-hours. Actual overhead costs were tabulated at the end of the month and totaled $194,000 Use the preceding information to complete the CH 19 tab in the excel book provided. Calculate the pre- determined overhead rate (POHR) and put your answer in the appropriate cell be sure to include units Cach Taccount should be completed by inputting a beginning balance sometimes this may be rerol adds, subtracts, and an ending balance. After recording all entries pertaining to the information above, review the account for overhead to determine if it is over or under-applied in the cell provided with the word and the dollar amount). Ther, make the appropriate adjustment to address this issue PartsEquivalent Units Jones Steel has been manufacturing ball bearings as one of its main products. Due to the firm's unique production process, materials are not added until conversion is 50% complete. This month started with 18,500 ball bearings in process that had not yet been completed were 40% complete with respect to conversion cost). Cost incurred on these units totaled $21,000. Also, the company started another 120,500 ball bearings from scratch. At the end of the month, 102,000 ball bearings were complete. The incomplete units were 25 complete with respect to conversion cost. Total materials cost for the current month was found to be $155,000 while conversion cost for the current month was $95.000. Use the CH 20 tab of the template to calculate equivalent units of production and cost per equivalent unit based on the above information Help Assignment 2 Template Excel File Edit View insert Format Tools Data Window .. AutoSave ABESU. Home Insert Draw Page Layout Formulas Data Review View Calibri (Body) 11 A A = * BI O E E 025 x fx Wrap Text Wrap Text 00 Merge & Center Custom $ % Condition Format Cell Delene Format Formatting as Table Styles X M N O P Q R S T U T-Accounts for job M-17 Menurturing Overhead Prior to jument overheads CH 19 CH 20ACH 211 Tools Data Window Help Assig Excel File Edit View Insert Format AutoSave ABESU- Insert Draw Page Layout Formulas * Calibri (Body) 11 A A - BTUE A A View Data Review == 29 Wrap Text Merge & Center Started Totaltet for Trundled out Total accounted for CH 19 CH CH 21 Assignment 2 Template View OF ADES Page Layout Formulas Data Review (Body) 11 AA == O A 29 Wrap Text General U 5 E Merge & Center $ % 8-99 Conditional Format Formatting as Table Cell Styles Insert Delete Format X D E F G H I Units sold: Contribution Income Statement Per unit amounts Revenue Variable costs Tight Mat. Wages Dyes Commission Contribution Margin Break Even Ses Dollars Profit of $1,000,000 Fixed Costs Insurance Maintenance Sal Depreciation Accounting Sal. Exec. Sal Rent Net Income