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Feldspar Company uses an ABC system to apply overhead. There are three activity water Setting up $25 per setup Machining $5.10 per machine hour Other
Feldspar Company uses an ABC system to apply overhead. There are three activity water Setting up $25 per setup Machining $5.10 per machine hour Other overhead 70% of direct labor cost During September Feldspar worked on three jobs. Data relating to these jobs followi Job 13-280 Job 13-281 Job 13-282 200 510 100 Units in each order Units sold 300 100 Materials requisitioned $4.750 $3.000 $5,800 Direct labor $2,000 54,600 5800 Machine Mous 30 100 40 Number of setup 15 25 During September Jobs 1-280 and 13-282 were completed and transferred to Finished Goods iventory. Job 13:280 was sold by the end of the month Job 13-285 vis the only unfinished ob at the end of the month. Required: 1. Calculate the per-unit cost of os 13-280 and 13-282. Round unit cost to narest.com Job 13-20 perun Job 13-252 2. Compute the ending balance in the work in process inventory 2. Compute the ending balance in the work in process inventory account. 3. Prepare the journal entries reflecting (a) the completion of Jobs 13-280 and 13-282 and (b) the sale of Job 13-280 on account. Malce the entry to record the cost of Job 13-280 first, followed by the entry to record the revenue from its sale. The selling price is 150 percent of cost. a. b (1) b (2)
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