only need to answer 19-5B
IIIH system accumulates the costs for each What kind of firm would use a job order cost department or process within the factory a. How is a calculated? b. Name three common bases used in calculating the rate. oaccumulate e is used in the job order cost system 9. a. What is (1) overapplied factory overhead and verheada materials, direct labor, and factory applied to production costs for individual jobos? hat document is the source for (a) debiting the counts in the materials ledger and (b) crediting (2) underapplied factory overhead? b. If the factory overhead account has a debit balance, was factory overhead underapplied or overapplied? e accounts in the materials ledger? 10. Describe how a job order cost system can be used hat is a job cost sheet? for professional service businesses. tice Exercises Example Exercises EE 19-1 p929 PE 19-1A Issuance of materials 000 units of raw materials at Company purchased on account 10 $8 per unit. During May, raw materials were requisitioned for production asf 7,500 units for Job 200 at $8 per unit and 1,480 units for Job 305 at $5 per unit. Journalize the entry on May 7 to record the purchase and on May 31 to record the req uisition from the materials storeroom. OBJ.2 19-1B Issuance of materials per unit. During August, raw materials were requisitioned for production as follows: entry on August 4 to record the purchase and on August 31 to record the requisition EE 19.1 p On August 4, Rothchild Company purchased on account 12,000 units of ravw 5,000 units for Job 40 at $8 per unit and 6,200 units for Job 42 at $14 per unit. Journalize from the materials storeroom. OBJ.2 EE 19-2 p 931 PE 19-2A Direct labor costs uring May, Bergan Company accumulated 2,500 hours of direct labor costs on Job 200 labor was incurred at a rate of $28 per direct and 3,000 hours on Job 305. The total direct labor hour for Job 200 and $24 per direct labor hour for Job 305. Journalize the entry to record the flow of labor costs into production during May Chapter 19 Job Order Costing OBJ. 2 abor hour for2. The total direct labor was incurred at a rate of $25.00 per and $23.50 per direct labor hour for Job 42. Journalize the During August, Rothchild Company accumulated 3 500 hours of direct labor costs on Job and 1,200 hours entry to record the flow of labor costs into producton ction during August OBJ. 2 EE 19-3 A PE19-3A Factory overhead costs During May, Bergan Company incurred f als, $8,800, indirect labor, $6,600, utilities cost, $4800, a Journalize the entry to record the factory overhead incurred during actory overhead costs as follows: indirect materi- nd factory depreciation, $ EE 1,3 a 90-PE 19.3B. Factory overhead costs OBJ, 2 During August, Rothchild Company materials, S17,500, indirect labor, $22,000, utilities cost, $9,600; and factory depreciaio $17,500. Joumalize the entry to record the factory overhead incurred during August. incurred factory overhead costs as follows: indlirect n o utilities factory overhead OR1.2 Bergan Company estimates that total factory overhead costs will be $620,000 for the year. Direct labor hours are estimated to be 80,000. For Bergan Company (a) determine the predetermined factory overhead rate using direct labor hours as the activity base, (b) determine the amount of factory overhead applied to Jobs 200 and 305 in May, using the data on direct labor hours from Practice Exercise i9-2A, and (c) pre- pare the journal entry to apply factory overhead to both jobs in May according to the predetermined overhead rate. 194 PE 19-48 Applying factory overhead Rothchild Company estimates that total factory overhead costs will be $810,000 for the year. Direct labor hours are estimated to be 90,000. For Rothchild Company, (a) determine the predetermined factory overhead rate using direct labor hours as the activity base, (b) determine the amount of factory overhead applied to Jobs 40 and 42 in August using the data on direct labor hours from Practice Exercise 19-2B, and (c) prepare the journal entry to apply factory overhead to both jobs in August according to the predetermined overhead rate. OBJ. 2 -5 p 937 PE 19-5A Job costs OBJ. 2 At the end of May, Bergan Company had completed Jobs 200 and 305. Job 200 is for 2,390 units, and Job 305 is for 2,053 units. Using the data from Practice Exercises 19-1A, 19-2A, and 19-4A, determine (a) the balance on the job cost sheets for Jobs 200 and 305 at the end of May and (b) the cost per unit for Jobs 200 and 305 at the end of May. S p93 PE 19-5B Job costs OBJ. 2 At the end of August, Rothchild Company had completed Jobs 40 and 42. Job 40 is for 10,000 units, and Job 42 is for 11,000 units. Using the data from Practice Exercises 19-1B, 19-2B, and 19-4B, determine (a) the balance on the job cost sheets for Jobs 40 and 42 at the end of August and (b) the cost per unit for Jobs 40 and 42 at the end of August
