Homework: HW Ch3 Hw Score: 41.86%, 4.19 of 10 p n Score: 0 of 1 pt 46 of 7 (5 complete) Question Hep E3-28A (similar to) Touch Of A Buton produces screens for use in various smartphones. The company reports the folowing information at December 31. Touch Of A Buton began operations on January 31 eaer hat same year (Click the icon to view additional information.) Read the rosuirements Requirement 1.What is the cost of direct materials used? The cost of drect materals used i Enter any number in the edit fields and then click Check Answer 12%aring' Check Anawer Clear Al To see what to study next, go to your Study Plan omework: HW Ch3 re: 0 of 1 pt MN Score: 41.86%, 4.19 60f 7 (5 complete) 28A (similar to) Question He uch Of A Bution produces screens for use in various smartphones. The company reports the following information at December 31. Touch Of A Button bogan erations on January 31 earlier that same year (Click the ioon to view addisional information.) ead the teaurements equirement 1 More Intic he cost of di Work in Process Wages Manufacturing Ra Materials Finished Goods Overhead 3,500 45,000 125,500112,000 54,000 32,000 14,000 42,000 Inventory 28,500 125.500 74,00074,000 60,000 45,000 Balance 0 Print Done Enter any number in the edit felds and then click Check Answer 12% Clear All Check Answer remaining see what to study next. go to your Study Plan FS F10 HW Score: t to) es screens for use in various smartphones. The company reports the following information at December 31.Touch earlier that same year. additional Requirements the cost of What is the cost of direct materials used? What is the cost of indirect materials used? What is the cost of direct labor? 1. 2. 3. als used is 4. What is the cost of indirect labor? 5. 6. What is the cost of goods manufactured? What is the cost of goods sold (before adjusting for any under- or overallocated manufacturing overhead)? What is the actual manufacturing overhead? How much manufacturing overhead was allocated to jobs? What is the predetermined manufacturing overhead rate as a percentage of direct labor cost? 7. 8. 9. 10. Is manufacturing overhead underallocated or overallocated? By how much? Print Done e edit fields and then click Check Answer Clear All Check A to study next, go to your Study Plan. 20 HW Score: 41.86%, 4.19 of 10 7 of 7 (5 complete) Y Score: 0 of 2 pts P3-46A (similar to) Question Heip Joe & Rose is an advertiing agency. The fem uses a job cost system in which A the beginning of the ourrent year, managing partner John Annido prepared a each cient is a diferert job. Joe& Rose traces direct labor, software licensing budget costs, and travel costs directly to each job (dlient). The company allocates indic(ik the icon to view the prepared budget.) costs to jobs based on a predetermined indirect cost allocation rate based on direct labor hours. During January of the current year, Joe& Rose served several clients. Records for two clients appear here: EEf (Click the loon to view the records for two clients) Read the teqirements Requirement 1. Compute Joe& Rose's predetenmined indirect cost allocation rate for the current year based on diredt labor hours Compute the predelermined indirect cost allocation rale Predebermined indirect oost allocation rate per hour Choose from any list or enter any number in the input flelds and then click Check Answer Clear All Check Answer To see what to study next, go to your Stuty 3 4 5 Joe&Rose traces direct labor, software licensing budget: b (dlient). The company allocates indirect EEE (Click the icon to view the prepared budget.) determined indirect cost allocation rate based on of the current year, Joe & Rose serv fon Data Table apoear here ds for two clients Data Table be & Rose's predet abor hours. | Direct labor hours (professional).. 17,500 hours indirect cost allca Direct labor costs (professional) ..S 1,750,000 Support staff salaries... 180,000 rate | S 52,000 hour $403,000 |Rent and utilities. Supplies Lease payments on computer hardware... $ 65,000 Print Done nter any number in the input fields and then click Check Answer Clear All Che study next, go to your Study Plan 20 r ncy. The firm uses a job cost system in which At the beginning of the current year, managing partner Johr a&Rose traces direct labor, software licensing budget each job (dlient). The company allocates indirect EEE(Click the icon to view the prepared budgel.) the prepared budget.) mined indirect cost allocation rate based or During January of the current year, Joe& Rose served seve for two clients appear here: o clients.) Data Table rect Port Green Golf Resort 40 hours 200 Vacay.com Direct labor hours Software licensing costs Travel costs 770 hours 2,200 S 9,000S Print Done any number in the input fields and then click Check Answer Clear All Check Ans udy next, go to your Study Plan. 20 each job (dlient). The company allocates indirect EE (Click the icon to view the prepared budget mined indirect cost allocation rate based on During January of the current year, Joe & Rose for two clients appear here or two e Requirements &Rose's pr hours irect cost a 1. Compute Joe & Rose's predetermined indirect cost allocation rate for the current year based on direct labor hours 2. Compute the total cost of each job. 3. If Joe & Rose wants to earn profits equal to 20% of sales revenue, how much (what total fee) should it charge each of these two clients? 4. Why does Joe & Rose assign costs to jobs? Print Done r any number in the input fields and then click Check Answer. Clear All tudy next, go to your Study Plan