Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cycle Gear Corporation has incurred the following costs on job W456, an order for 20 special sprockets to be delivered at the end of


 

Cycle Gear Corporation has incurred the following costs on job W456, an order for 20 special sprockets to be delivered at the end of next month: Direct materials: On April 10, requisition number 15673 was issued for 40 titanium blanks to be used in the special order. The blanks cost $15 each. On April 11, requisition number 15678 was issued for 420 hardened nibs also to be used in the special order. The nibs cost S1.25 each. Direct labour. On April 12, Jamie Unser worked from 11:00 a.m. until 2:45 p.m. on job W456. He is paid $12.60 per hour. On April 18, Melissa Chan worked from 8:15 a.m. until 11:30 a.m. on job W456. She is paid $13.20 per hour. Required: 1. On what documents would these costs be recorded? 2. How much cost should have been recorded on each of the documents for job W456?

Step by Step Solution

3.49 Rating (152 Votes )

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

13th Edition

978-0073379616, 73379611, 978-0697789938

More Books

Students also viewed these Accounting questions

Question

Differentiate between a customer and a consumer.

Answered: 1 week ago

Question

4 How do you see the future of integrative approaches to coaching?

Answered: 1 week ago

Question

How can NAFTA be beneficial to suppliers of Walmart?

Answered: 1 week ago