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ool, labor, and one indirec-cost pou 1 More Info All costs incurred during the planning stage for a market research job and during the job are gathered in a balance sheet account called n"Jobs in Progress (JIP) When a job is completed, the costs are transferred to an income statement account called O"Cost of Completed Jobs (CCJ).D Print Done then click Check Answer Clear All 6 Data Table Incurred in May From Beginning JIP General Overhead Labor Labor Band Allocated Dazzle Candy Bars 30,000 $ 19,000 S 10,840 $ 14,360 Blaze Toothpaste 4,000 36,000 Roja Organic Salsa 25,800 Glisten Dish Liquid 5,200 PrintDone Requirements 1. Calculate JIP at the end of May. 2. Calculate CCJ for May 3. Calculate under- or overallocated overhead at the ed of May. 4. Calculate the ending balances in JIP and CCJ if the under- or overallocated overhead amount is as follows: Written off to CCJ a. b. Prorated based on the ending balances (before proration) in JIP and CCJ c. Prorated based on the overhead allocated in May in the ending balances of JIP and CCJ (before proration) 5. Which method would you choose? Explain. Would your choice depend on whether overhead cost is underallocated or overallocated? Explain Print Done P4-46 (similar to) Evergreen performs market research for consumer product companies across the country. The company conducts Follow telephone surveys and gathers consumers together in focus groups to review foods, cleaning products, andE3 ( toiletries. Evergreen uses a normal-costing system with one direct-cost pool, labor, and one indirect-cost pool, general overhead. General overhead is allocated to each job based on 180% of direct labor cost. Actual overhead As of equaled allocated overhead as of April 30, 2017. Actual overhead in May was $155,800. Click the icon for additional information about Evergreen.) Organ Liquid Read t Balance at the end of May Job 59840 Dazzle Candy Bars Tota Choose from any list or enter any number in the input fields and then click Check Answer Clear All parts remaining table.csv ool, labor, and one indirec-cost pou 1 More Info All costs incurred during the planning stage for a market research job and during the job are gathered in a balance sheet account called n"Jobs in Progress (JIP) When a job is completed, the costs are transferred to an income statement account called O"Cost of Completed Jobs (CCJ).D Print Done then click Check Answer Clear All 6 Data Table Incurred in May From Beginning JIP General Overhead Labor Labor Band Allocated Dazzle Candy Bars 30,000 $ 19,000 S 10,840 $ 14,360 Blaze Toothpaste 4,000 36,000 Roja Organic Salsa 25,800 Glisten Dish Liquid 5,200 PrintDone Requirements 1. Calculate JIP at the end of May. 2. Calculate CCJ for May 3. Calculate under- or overallocated overhead at the ed of May. 4. Calculate the ending balances in JIP and CCJ if the under- or overallocated overhead amount is as follows: Written off to CCJ a. b. Prorated based on the ending balances (before proration) in JIP and CCJ c. Prorated based on the overhead allocated in May in the ending balances of JIP and CCJ (before proration) 5. Which method would you choose? Explain. Would your choice depend on whether overhead cost is underallocated or overallocated? Explain Print Done P4-46 (similar to) Evergreen performs market research for consumer product companies across the country. The company conducts Follow telephone surveys and gathers consumers together in focus groups to review foods, cleaning products, andE3 ( toiletries. Evergreen uses a normal-costing system with one direct-cost pool, labor, and one indirect-cost pool, general overhead. General overhead is allocated to each job based on 180% of direct labor cost. Actual overhead As of equaled allocated overhead as of April 30, 2017. Actual overhead in May was $155,800. Click the icon for additional information about Evergreen.) Organ Liquid Read t Balance at the end of May Job 59840 Dazzle Candy Bars Tota Choose from any list or enter any number in the input fields and then click Check Answer Clear All parts remaining table.csv