Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cycle Gear Corporation has incurred the following costs on job number W456, an order for 38 special sprockets to be delivered at the end of

image text in transcribed
Cycle Gear Corporation has incurred the following costs on job number W456, an order for 38 special sprockets to be delivered at the end of next month Direct materials On April 10, requisition number 15673 was issued for 38 titanium blanks to be used in the special order. The blanks cost $8 each. On April 11, requisition number 15678 was issued for 980 hardened nibs also to be used in the special order. The nibs cost $.60 each. Direct labor On April 12, Jamie Unser worked from 11:00 AM until 2:45 PM on Job W456. He is paid $12 per hour. On April 18, Melissa Chan worked from 8:15 AM until 11:30 AM on Job W456. She is paid $14 per hour Requirement 2: How much cost should have been recorded on each of the documents for Job W456? (Round your answers to2 decimal places. Omit the "$" sign in your response.) Direct materials Direct labor Jamie Unser Melissa Chan Total materials & labor

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_2

Step: 3

blur-text-image_3

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

Auditing Assurance Services and Ethics in Australia an Integrated Approach

Authors: Alvin A Arens, Peter J. Best, Greg Shailer, Brenton Fiedler

9th edition

978-1442539365, 1442539364

More Books

Students also viewed these Accounting questions

Question

1. What would you do if you were Jennifer, and why?

Answered: 1 week ago