Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Can someone help me on question 3? F2-Job Order Cost System A_3-Applied 0/H 124-Indirect labor C_5-Factory 0/H actual E6 Job Order Production A- ESumated U/H

Can someone help me on question 3? image text in transcribed
F2-Job Order Cost System A_3-Applied 0/H 124-Indirect labor C_5-Factory 0/H actual E6 Job Order Production A- ESumated U/H charged to jobs B-A type of labor in factory O/H actual cos C-0/H costs debited to the Factory O/Ha D-A request for issuance of materials E-Accounts for the production of custom m products F-involves low production volume 2) These Job Orders incurred the following costs: A-20 A-30 Direct Materials 100 Direct Labor ?apo Applied O/H 300 450 Total 600 400 A-40 600 200 1) Fill in the blanks (?) 2) What is the O/H rate? 3) Mid South had the following activity in March 2019 Beginning WIP 2/28 -(Job A10 ) $4000 Direct Materials Issued $3000 A-11 & $6000 A-12 Direct Labor $3000 A-11 & $2000 A-12 OH applied is based on 50% of Direct labor A-10 was completed and moved to Finished Goods inventory and then delivered 1 Apply O/H to A-11 and A-12 2 Calculate ending WIP 3 prepare JVs to reflect A-10 & A-11 activity

Step by Step Solution

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

Financial Accounting

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

7th Edition

978-0470477151, 978-0-470-5562, 470556242, 0-470-55624-2, 9780470556245, 978-0470507018

More Books

Students also viewed these Accounting questions

Question

Describe three ways to improve network performance on circuits.

Answered: 1 week ago