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ill take what you can help me with THANKS!! 11) 11) On June 30, Caroline Inc. finished Job 750 with total job costs of $4,

ill take what you can help me with THANKS!! image text in transcribed
11) 11) On June 30, Caroline Inc. finished Job 750 with total job costs of $4, costs to Finished Goods Inventory. On July 6, Caroline completed sale of the customer for $5,100 cash. In order to record the sale, two entries are revenue, and one to record cost of goods sold. Which of the following is the correct goods from Job 750 to a record necessary, one to entry needed to record the revenues? A) debit Cash $5,100 and credit Sales Revenue $5,100 B) debit Finished Goods Inventory $4,600 and credit Sales Revenue $4,600 C) debit Sales Revenue $5,100 and credit Cash $5,10 D) debit Cost of Goods Sold $4,600 and credit Sales Revenue $4,600 12) Arabica Manufacturing uses a predetermined overhead allocation rate based on a percentage of head costs at direct labor cost. At the beginning of 2015, Arabica estimated total manufacturing over 1,050,000 and total direct labor costs at $840,000. In June, 2015, Arabica completed Job 511. The details of Job 511 are shown below. Direct materials cost Direct labor cost Direct labor hours Units of product produced $27,500 $13,000 400 hours 200 How much was the total job cost of Job 5112 D) $56,750 C) $74,875 B) $40,500 A) $50,900 13) When goods are transferred from the Work-in-Process Inventory account to the Finished Goods 13) Inventory account, A) total liabilities increases and total equity decreases by the same amount B) total assets and total liabilities increase by the same amount C) total assets of the company remain constant D) total equity and total assets increase by the same amount 14) Fogelin Promotional Services uses a job order system for costing and billing promotional services for dance and ballet performances. Fogelin has four public relations specialists, and office staff. Au the beginning of 2014, Fogelin estimated the total cost of salaries and benefits for the public relations specialists at $403,200, and a total of 7,200 billable hours for the year. The office and administrative costs were estimated at $676,800. The allocation base for office and costs is billable hours. A new client is contracting with Fogelin to promote a ballet tour i Fogelin estimates that the job will require 40 billable hours of make a 25% gross profit on the job, what price should Fogelin and administrative specialist time. If Fogelin wishes to quote to the client? C) $2,800 B) $6,000 D) $7,500 A) $4,700

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