Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I need fast help in these questions. I have only 30 minutes, please do not need explanations. Just tell correct answers fast please. Question 38
I need fast help in these questions. I have only 30 minutes, please do not need explanations. Just tell correct answers fast please.
Question 38 3.75 points Save An John's Water Slides makes custom water slides for hotels. On September 1, there were three jobs in process, Jobs 812, 813, and 814. Two more jobs were started during September, Jobs 815 and 816. By September 30, Jobs 812, 814, and 816 were finished. The following data has been collected: Job 812 Job 815 Job 816 Job 813 $830 Job 814 $945 --- $6151 9/1 Balance Direct materials 750 235 $200 $915 1,280 560 115 320 875 420 Direct labor Overhead is applied at the rate of 120% of direct labor cost. Jobs are sold at cost plus 60%. Selling and administrative expenses for September totaled $2,950. By September 30, Jobs 812 were 816 are sold, but the customer who ordered Job 814 decided he did not want the slide so it is still in the warehouse. What is John's operating income for the month of September? $127.40 $8,206.40 $3,077.40 OSO None of these Question 39 of 40 Question 39 3.75 points Save Answer Stutz, Inc. designs and builds basketball gymnasiums. Each gymnasium is custom-built to individual customers' specifications. Stutz uses job-order costing to keep track of its costs. In February it worked on three jobs. Data for these jobs are as follows: Job 179 Job 175 $13,790 Job 178 $ 8,500 $ 16,200 30,500 Balance 2/1 Direct Materials Direct Labor Cost Machine Hours 45,000 23,300 400hrs 7,600 300hrs 2,000hrs Overhead is applied to jobs at the rate of $25 per machine hour. By February 28, Job 178 is the only one unfinished. The balance of Finished Goods on February 1 is 594,000 (consisting of Job 177). Jobs 177 and 179 are sold during February, Stutz sells its product at cost plus 40% Calculate the balance of Finished Goods at February 28 $53,290 $39.500 $0 $63,290 $63.690Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started