Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Can someone please help me with 2 and 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-
Can someone please help me with 2 and 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- Estimated 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 A-40 2) These Job Orders incurred the following costs: A-20 A-30 Direct Materials 100 400 Direct Labor ?ado Applied O/H 300 450 Total 600 600 200 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
Can someone please help me with 2 and 3?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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