Information about which of the following items is not covered on a job cost sheet Multiple Choice The direct labor costs assigned to the job The name of the customer General and administrative expenses The overhead costs assigned to the job The direct materials costs assigned to the job At the beginning of the year, a company estimates total overhead costs of $1,228,020 The company applies overhead using machine hours and estimates that it will use 2,910 machine hours during the year What amount of overhead should be applied to a job that uses 30 machine hours that year Multiple Choice $8,440 $8,862 $12,660 $5,064 $3,798 A company that uses job order costing reports the following information for March Overhead is applied at the rate of 60 of direct materials cost The company has no beginning Work in Process or Finished Goods inventories at March 1 Jobs 1 and 3 are not finished by the end of March, and Job 2 is finished but not sold by the end of March Job 1 Job 2 Job 3 Direct materials used $ 11,400 $ 15,400 $ 4,400 Direct labor used $ 19,400 $ 9,400 $ 7,400 Determine the total dollar amount of Finished Goods Inventory at the end of March Multiple Choice $52,080 $42,040 $34,040 $85,280 $7,240 Required information Skip to question The following information applies to the questions displayed below Information on Kwon Manufacturings activities for its first month of operations follows Purchased $101,600 of raw materials on credit Materials requisitions show the following materials used for the month Job 201 $ 49,800 Job 202 25,200 Total direct materials 75,000 Indirect materials 10,220 Total materials used $ 85,220 Time tickets show the following labor used for the month Job 201 $ 40,800 Job 202 14,200 Total direct labor 55,000 Indirect labor 25,800 Total labor used $ 80,800 Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate is 80 of direct materials cost Transferred Job 201 to Finished Goods Inventory (1) Sold Job 201 for $168,560 on credit (2) Record cost of goods sold for Job 201 Incurred the following actual other overhead costs for the month Depreciation of factory equipment $ 33,600 Rent on factory building (payable) 660 Factory utilities (payable) 960 Expired factory insurance 4,600 Total other factory overhead costs $ 39,820 Prepare journal entries to record the transactions reflected in items a through g

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Information about which of the following items is not covered on a job cost sheet? Multiple Choice The direct labor costs assigned to the job.

Information about which of the following items is not covered on a job cost sheet?

Multiple Choice

The direct labor costs assigned to the job.
The name of the customer.
General and administrative expenses.
The overhead costs assigned to the job.
The direct materials costs assigned to the job.

At the beginning of the year, a company estimates total overhead costs of $1,228,020. The company applies overhead using machine hours and estimates that it will use 2,910 machine hours during the year. What amount of overhead should be applied to a job that uses 30 machine hours that year?

Multiple Choice

$8,440.
$8,862.
$12,660.
$5,064.
$3,798.

A company that uses job order costing reports the following information for March. Overhead is applied at the rate of 60% of direct materials cost. The company has no beginning Work in Process or Finished Goods inventories at March 1. Jobs 1 and 3 are not finished by the end of March, and Job 2 is finished but not sold by the end of March.

	Job 1	Job 2	Job 3
Direct materials used	$ 11,400	$ 15,400	$ 4,400
Direct labor used	$ 19,400	$ 9,400	$ 7,400

Determine the total dollar amount of Finished Goods Inventory at the end of March.

Multiple Choice

$52,080.
$42,040.
$34,040.
$85,280.
$7,240.

Required information

Skip to question

[The following information applies to the questions displayed below.] Information on Kwon Manufacturings activities for its first month of operations follows:

Purchased $101,600 of raw materials on credit.
Materials requisitions show the following materials used for the month.

Job 201	$ 49,800
Job 202	25,200
Total direct materials	75,000
Indirect materials	10,220
Total materials used	$ 85,220

Time tickets show the following labor used for the month.

Job 201	$ 40,800
Job 202	14,200
Total direct labor	55,000
Indirect labor	25,800
Total labor used	$ 80,800

Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate is 80% of direct materials cost.
Transferred Job 201 to Finished Goods Inventory.
(1) Sold Job 201 for $168,560 on credit. (2) Record cost of goods sold for Job 201.
Incurred the following actual other overhead costs for the month.

Depreciation of factory equipment	$ 33,600
Rent on factory building (payable)	660
Factory utilities (payable)	960
Expired factory insurance	4,600
Total other factory overhead costs	$ 39,820