Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

Instructions Jagt Company designs and bulds retaining walls for individual customers. On August 1, there were two jobs in process: Job 93 with a beginning

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Instructions Jagt Company designs and bulds retaining walls for individual customers. On August 1, there were two jobs in process: Job 93 with a beginning balanced 58,650, and Job 94 with a beginning balance of 57.270. Jagit applies overhead at the rate of 59 per direct labor hour. Direct labor wages average 516 per hour Data on August costs for all jobs are as follows: Job 93 Job 94 Job 95 Job 96 Direct materials $910 Direct labor cost 2,080 $4,590 $3,330 $1,270 4,800 2,400 960 During August, Jobs 95 and 96 were started. Job 93 was completed on August 17, and the client was billed at cost plus 40%. All other jobs remained in process Required: Lalu UeSUUTIS rect labor wa $8,650. 1. Calculate the number of direct labor hours that were worked on each job in August Data or Job 93 DLH Job 94 DLH Job 95 DLH Job 96 DLH 2. Calculate the overhead applied to each job during the month of August. During 10%. All othe Job 93 Job 94 $ Job 95 Jagit Company designs and builds retaining walls for individual customers. On August 1, there were two jobs in process: Job 93 with a beginning balance of $8,650, and Job 94 with a beginning balance of 57 270. Jagit applies overhead at the rate of $9 per direct labor hour. Direct labor wages average 516 per hour Data on August costs for all jobs are as folows: Job 93 Job 94 Job 95 Job 96 Direct materials $910 Direct labor cost 2,080 $4,590 $3,330 $1,270 4,800 2,400 960 During August, Jobs 95 and 96 were started. Job 93 was completed on August 17, and the client was billed at cost plus 40% All other jobs remained in process Rend Pre koer costrovechob as one end or ASUS Reverto ANUNCA sheets. All amount cells must have an entry, enter zeros as needed We exact worainy orders want you or Jagjit Company Job-Order Cost Sheets August 31 Job 93 Job 94 Il Job 95 lob 95 l eb 96 Job 96 Beginning balance

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_2

Step: 3

blur-text-image_3

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

Accounting Concepts And Applications

Authors: K. Fred Skousen, W. Steve Albrecht, James D. Stice, Earl K. Stice

7th Edition

0538876247, 978-0538876247

More Books

Students explore these related Accounting questions