Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Fas Sere Sloan Tire manufactures tres for a while on teosting and heaperementary on one 22, record 110 TX ATV Contact number 230, was promised

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Fas Sere Sloan Tire manufactures tres for a while on teosting and heaperementary on one 22, record 110 TX ATV Contact number 230, was promised to 10 Ar purchasing masing produinonderbord Click the icon to view the Sloan stocate matching everted to jube on the other mation between spectadores ($1.000 and decorat bo 22.00 .cored on TV. Read the womente Requisition Number LT Record Nunt Date Amount Around D 20xx 6-30 7.2 4:37 3 MO $ 109 40 2-3 801 1.000 1000 741 dre 540 Oy Det Oct Unang Out Aloed 732 Too Got $ 2320 $ Totals An 22 CB Help Me Sd MacBook Pro CA 2015 a 11 BRE & 7 o 8 9 Chrome File Edit View History Bookmarks Profiles Tab Window Help You Rew X MSick X Con PDOX USA X how X whe Tun (14500-28100+19800+21800) Update To Apps Google Drive TV One 2 Classes How to Get a Per (86) THE SO BUL. 6 Reading List ACC 256 - Managerial Accounting - Fall 2021 Evan Bueno & 09/22/21 845 PM = Homework: Question 2, P3-60B (simi... Part 5 of 6 HW Score: 65,02%, 5.2 of 8 points Points: 1.25 of 2 Save Sloan Tire manufactures tires for all-terrain vehicles. Sloan uses job costing and has a perpetual inventory system. On June 22, Sloan received an order for 110 TX tires from ATV Corporation at a price of $100 each. The job, assigned number 298, was promised for July 10. After purchasing the materials, Sloan began production on June 30 and incurred the following direct labor and direct materials costs in completing the order (Click the icon to view the costs.) Sloan allocates manufacturing overhead to jobs on the basis of the relation between expected overhead costs (5418.000) and expected direct labor hours (22,000). Job 298 was completed on July 3 and shipped to ATV on July 5. Read the requirements Job Description 110 TX tires Date Promised 7-10 Direct Materials Date Started 6-30 Date Completed 7-3 Manufacturing Overhead Allocated Direct Labor Labor Time Record Rate Requisition Number Date Amount Amount Amount Number Date 20XX 7-3 192 19 per 1896 840 437 6-30 480 7-2 439 direct labor hr. Overall Cost Summary 100 1on 540 es for all-terrain vehicles. Sloan uses job costing and has a perpetual inventory system. On June ration at a price of $100 each. The job, assigned number 298, was promised for July 10. After PL and incurred the following direct labor and direct materials costs in completing the order: Data Table Date Labor Time Record No. 1896 Amount 6/30 Description 12 hours at $16 30 hours at $18 192 7/3 1904 $ 540 Date Materials Requisition No. Amount 6/30 437 $ $ Description 60 lbs, rubber at $14 40 meters polyester fabric at $12 100 meters steel cord at $10 840 712 439 $ 480 7/3 501 $ 1.000 Print Done Allocated 2,320 $ 732 Total Job Cost Video Get More Help A Clear All MacBod Sloan Tire manufacturos tiros for all-terrain vehiclos, Sloan usos job costing and has a perpetual inventory systom. On June 22, S 110 TX tires from ATV Corporation at a price of $100 each. The job, assigned number 298, was promised for July 10. After purch began production on June 30 and incurred the following direct labor and direct materials costs in completing the order Click the icon to view the costs.) Sloan allocates manufacturing overhead to jobs on the basis of the relation between expected overhead costs (5418,000) and ex (22,000). Job 298 was completed on July 3 and shipped to ATV on July 5. Read the requirements Job Description 110 TX tires Date Promised 7-10 Date Started 6-30 Date Completed 7-3 Direct Materials Direct Labor Manufacturing Overhead Allocated Labor Time Requisition Record Date Number Amount Number Amount Date Rate Amoung 20XX 6-30 437 840 1896 192 7-3 7-2 439 480 direct labor hr 7-3 501 1,000 1904 540 Overall Cost Summary Direct Materials Direct Labor Manufacturing Overhead Allocated Totals 2,320 732 Total Job Cost $ 19 per $ Help Me Solve This Video Get More Help Clear All . (661 THE ISO BUL One Classes Google Drive How to Get a Per Evan Bueno I 09/22/21 256 - Managerial Accounting - Fall 2021 Question 2, P3-60B (simi... Homework: Part 508 HW Score 65.02%, 5.2 of 8 points Points: 1.25 of 2 a manufactures tires for al-terrain vehicles. Sloannes job costing and has a perpetua inventory system. On June 22, Sloan received es from ATV Corporation at a price of $100 each. The jobs, assigned number 298, was promised for July 10. After purchasing the mate eduction on June 30 and incurred the following direct labor and direct materials costs in completing the order the icon to view the costs) cates manufacturing overhead to jobs on the banis of the relation between expected overhead costs (8418,000) and expected direct Glob 298 was completed on July 3 and shipped to ATV on July 5. Cequirements ription TO TX od 7-10 Direct Mature Requirements 1. Prepare a job cost record for Job 298. 2. Calculate the total profit and the per-unit profit for Job 298 Requisition Number AL $ 437 439 Print Done 501 Direct Materials Direct Labor Manufacturing Overhead Allocated 732 Total Job Cost $ 2,320 $ Solve This Video Get More Help Clear All Ch MacBook Pro

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

Accounting And Auditing Research Tools And Strategies

Authors: Thomas R. Weirich, Thomas C. Pearson, Natalie Tatiana Churyk

7th Edition

9780470506974

More Books

Students also viewed these Accounting questions