hello, i need assistance with chapter 15-3.thanks.. answers only

0815-3 Job cost sheets L0 C2 Clemens Cars' job cost sheet for job A40 shows that the cost to add security features to a car was $11,000. The car was delivered to the customer, who paid $15,700 in cash for the added features. What journal entries should Clemens record for the completion and delivery cfjcb A40? Journal Entry Worksheet BEIE] Record transfer of cost of completed job to Finished Goods. *Enter debits before credits E E\" Exercise 15-2 Job cost computation LO C2 The following information is from the materials requisitions and time tickets for Job 9-1005 completed by Great Bay Boats. The requisitions are identied by code numbers starting with the letter O and the time tickets start with W. At the start of the year, management estimated that overhead cost would equal 110% of direct labor cost for each job. Data Document Amount 7r1r2015 0-4698 :5 1,250 7r1r2015 w-3393 600 751201 5 04725 1 ,000 7:5!201 5 w-3479 450 m or201 5 w-3559 300 Determine the total cost on the job cost sheet for Job 9-1005. 07,01,2015 --- t'-"r'"'-'~'#2t'-'15--- D7! '1 0.3201 5 0315-4 Direct materials journal entries L0 P1 During the current month, a company that uses job order costing purchases $70,000 in raw materials for cash. It then uses $23,000 of raw materials indirectly as factory supplies and uses $38,500 of raw materials as direct materials. Prepare journal entries to record these three transactions. Journal Entry Worksheet BEIE] Record the raw materials purchase for $70,000, paid in cash. *Enter debits before credits 0515-5 Direct laborjournal entries L0 P2 During the current month, a company that uses job order costing incurred a monthly factory payroll of $210,000. Of this amount, $60,000 is classied as indirect labor and the remainder as direct. Prepare journal entries to record these transactions. View transaction list View general journal Journal Entry Worksheet BE] Record the cost of direct labor used. *Enter debits before credits E E\" 0315-6 Factory overhead rates L0 P3 A company incun'ed the following manufacturing costs this period: direct labor, $524,000: direct materials, $199,000; and factory overhead. $148,000. (1) Compute its overhead rate as a percent of direct labor. II II (2) Compute its overhead rate as a percent of direct materials. II II 0515-7 Factory overhead journal entries LO P3 During the current monthI a company that uses job order costing incurred a monthly factory payroll of $207,000. Of this amount, $48,000 is classied as indirect labor and the remainder as direct labor for the production of Job 65A. Factory overhead is applied at 80% of direct labor. Prepare the journal entry to apply factory overhead to this job. \ ieulir transaction list View general journal Journal Entry Worksheet Record the entry to apply factory overhead to Job 65A. *Enter debits before credits 0815-8 Predetermined overhead rate L0 P3 At the beginning of a year. a company predicts total direct materials costs of $970,000 and h overhead costs of $1,230,000. If the company uses direct materials costs as its activity base to alloc overhead, what is the predetermined overhead rate it should use during the year? UJ U pun I\" 08 15-11 Applied overhead L0 P3 On March 1 a dressmaker starts work on three custom-designed wedding dresses. The company uses job order costing and applies overhead to each job (dress) at the rate of 41% of direct materials costs. During the month, the jobs used direct materials as shown below. Compute the amount of overhead applied to each of the three jobs. Job 1 Job 2 Job 3 Direct materials used $6,900 $3,900 $3,400 Job 1 Job 2 Job 3 Exercise 15-3 Analysis of cost ows LO C2. P1, P2. P3 As of the end of June, the job cost sheets at Racing Wheels. |nc., show the following total costs accumulated on three custom jobs. Job 102 Job 103 Job 104 Direct materials $ 25,000 $ 70,000 $ 64,000 Direct labor 1 9,000 23,300 43,000 Overhead applied 8,550 12,735 19,350 Job 102 was started in production in May and the following costs were assigned to it in May: direct materials. $12,000: direct labor. $3,800: and overhead. $1.710. Jobs 103 and 104 are started in June. Overhead cost is applied with a predetermined rate based on direct labor cost. Jobs 102 and 103 are nished in June, and Job 104 is expected to be nished in July. No raw materials are used indirectly in June. Using this information, answer the following questions. (Assume this company's predetermined overhead rate did not change across these months.) 1&2. Complete the given below table to calculate the cost ofthe raw materials requisitioned and direct labor cost incurred during June for each of the three jobs? Direct Materials: 3. What predetermined overhead rate is used dun'ng June? \"MII -= -H -- -H -H 4. How much total cost is transferred to nished goods during June? $ 25,000 $ \"19,000 70,000 28,300 64,000 43,000 $ '1 59,000 $ 90,300 Exercise 15-5 Analysis of costs assigned to Work in process LO P3 Lorenzo Company uses a job order costing system that charges overhead to jobs on the basis of direct material cost. At year-end, the Work in Process Inventory account shows the following. Date Explanation Debit Credit Balance 201 5 Dec. 31 Direct materials cost 1,100,000 1,100,000 31 Direct labor cost 280,000 1,380,000 31 Overhead applied 462,000 1,842,000 31 To nished goods 1,770,000 72,000 1. Determine the predetermined overhead rate used (based on direct material cost). -= - 2. Only one job remained in work in process inventory at December 31, 2015. Its direct materials cost is $33,000. How much direct labor cost and overhead cost are assigned to this job? Date Explanation Debit Credit Balance 201 5 Dec. 31 Direct materials cost 1,100,000 1.1 00,000 31 Direct labor cost 280,000 1,380,000 31 Overhead applied 462,000 1 42,000 31 To nished goods 1,770,000 72,000 1. Determine the predetermined overhead rate used (based on direct material cost). -= - 2. Only one job remained in work in process inventory at December 31, 2015. Its direct materials cost is $33,000. How much direct labor cost and overhead cost are assigned to this job? Total cost of job in process - Direct labor cost _ 33. value: 1.00 points MC Cu. 65 Bengal Co. provides the following sales for... Bengal Co. provides the iollowlng sales forecast for the next three months: m September woo 5.700 The company wants to end each month with ending nished goods Inventory equal to 25% oi the next month's sales. Finished goods inventory on June 30 Is 1,250 units. The budgeted production units for August are: O 6.950 units. 0 4.310 units. 0 7,090 units. 0 5.665 units. . 4.135 units