Answered step by step
Verified Expert Solution
Question
1 Approved Answer
On March 1 a dressmaker starts work on three custom-designed wedding dresses. The company uses job order costing and applies overhead to each job (dress)
On March 1 a dressmaker starts work on three custom-designed wedding dresses. The company uses job order costing and applies overhead to each job (dress) at the rate of 53% of direct materiais costs. During the month, the jobs used direct materials as shown below. During the month, the jobs used direct labor as shown below. Jobs 1 and 3 are not finished by the end of March, and Job 2 is finished but not sold by the end of Majech. 1. Determine the amounts of direct materials, direct labor, and factory overhead applied that would be reported on job cost sheets for each of the three jobs for March. 2. Determine the total dollar amount of Work in Process Inventory at the end March. 3. Determine the total dollar amount of Finished Goods Inventory at the end of March. Assume the company has no beginning Work Process or Finished Goods inventories. Complete this question by entering your answers in the tabs below. Determine the amounts of direct moterials, direct labor, and foctory overhead applied that would be reported on job cost sheets for each of the three jobs for March. Determine the amounts of dirpct materials, direct labor, and factory overhead applied that would be reported on job cost sheets for each of the three jobs for March. 1. Determine the thourts of dirkct matirian, diect iabec and eretary overtsad apple ed that woub each of the three jobs for March. 2. Deternine the totaldoliar a maure of Work in Piocass thwencory at the end of Mareh. 3. Determine the totardolint atwourt of Frished Goced wwentsey at the end of March. Assume thy Prisceat or Finished Goods kiventories. 1. Determine the omounts of direct makerials disect whoc and focfory overhad appled that we esch of the three jobis for March. 2. Detemint the fotsl dolar ansount of Work in Process truentory at the end of March. 3. Detectine the total dolier amount of Finished Cocos inventory at the end of March. Assume Frocess oe Finished Goods ivertorles Cemplete this guestian by entering viour anwwers le the tals balow
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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