Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

hydro paddle boards, need answers for job cost record(fill out empty sheets pls!) Applied factory overhead to Job No. 1403 is based upon 125% of

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedhydro paddle boards, need answers for job cost record(fill out empty sheets pls!)

Applied factory overhead to Job No. 1403 is based upon 125% of direct labor cost Jan. 4 403 to ed J and pp SaltWater com, All sales are on account Jan net 30 days. Fo shipping poin Hydro Paddle Boards, Inc. marks up all work by 40% of the job cost. Refer to the individual Job Cost Record for the total cost cost by ply the f the job and m 140% to determine the selling price SaltWaterHut is not expected to pay within the discount period Hydro Paddle Boards, Inc. maintains a perpetual inventory system. Each time a sale is made to a customer, you must debit Cost of Goods Sold and credit Finished Goods for the cost of the job Requisitioned $2,482.54 of indirect materials md factory supplies to be used in the manufacture of all jobs currently in process. (Materials Requisition No. 1680) 4 Applied $7,248.00 of direct materials (1679) and $16,240.00 of direct labor (Time Ticket No. 258) to Job No 403, which will Accepted a job for the manufacture of 66 9l units B1 (Beginner SUP) paddle boards for complete the job. Use the simplified rates of 7.5% of gross pay for employees' FICA tax se date Rio Watersports. The pron February 14. The company began the job and 15% of gross pay for employees' federal income tax. When preparing the entry for today, applying $11,828.00 of direct materials to Job No. 1406. (Materials applying direct labor, debit Work in Process Requisition No. 1681) for the gross pay, and credit Employees' Income Tax Payable and FICA Tax Payable for the appropriate amounts and Salaries Payable for net pay Remember that employees are paid on the last day of each month ed, copied or duplicated, or posted to a publicly acce essible website n whole or in part. May not be scann ge canning

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

Auditing A Practical Manual For Auditors

Authors: Lawrence Robert Dicksee

1st Edition

1360462546, 978-1360462547

More Books

Students also viewed these Accounting questions

Question

discuss different sources of numerical data;

Answered: 1 week ago

Question

design and evaluate an effective survey instrument;

Answered: 1 week ago

Question

administer a survey to an appropriate sample of respondents;

Answered: 1 week ago