Answered step by step
Verified Expert Solution
Question
1 Approved Answer
% P3-54B (similar to) Data Table Geolander Tire manufactures tires for all-terrain vehicles. Geolander uses job costing and has a perpetual inventory sy Corporation at
% P3-54B (similar to) Data Table Geolander Tire manufactures tires for all-terrain vehicles. Geolander uses job costing and has a perpetual inventory sy Corporation at a price of $100 each. The job, assigned number 298, was promised for July 10. After purchasing the ma labor and direct materials costs in completing the order: 2 (Click the icon to view the costs.) Geolander allocates manufacturing overhead to jobs on the basis of the relation between expected overhead costs ($5 and shipped to ATV on July 5. Read the requirements. Labor Time Record No. Date Amount 1896 Description 12 hours at $16 30 hours at $14 $ 6/30 7/3 192 1904 $ 420 Date Materials Requisition No. Requirement 1. Prepare a job cost record for Job 298. Amount 6/30 437 $ 720 Calculate the predetermined overhead rate, then apply manufacturing overhead to the job. Begin by identifying the for Estimated yearly overhead costs Estimated yearly direct labor hours = Predetermined overhead rate Description 60 lbs. rubber at $12 40 meters polyester fabric at $10 100 meters steel cord at $8 7/2 439 $ 400 + 7/3 501 $ 800 per hour Print Done i Requirements 1. Prepare a job cost record for Job 298. 2. Calculate the total profit and the per-unit profit for Job 298. Enter any number in the edit fi Print Done 4 parts Check Answer remaining % P3-54B (similar to) Data Table Geolander Tire manufactures tires for all-terrain vehicles. Geolander uses job costing and has a perpetual inventory sy Corporation at a price of $100 each. The job, assigned number 298, was promised for July 10. After purchasing the ma labor and direct materials costs in completing the order: 2 (Click the icon to view the costs.) Geolander allocates manufacturing overhead to jobs on the basis of the relation between expected overhead costs ($5 and shipped to ATV on July 5. Read the requirements. Labor Time Record No. Date Amount 1896 Description 12 hours at $16 30 hours at $14 $ 6/30 7/3 192 1904 $ 420 Date Materials Requisition No. Requirement 1. Prepare a job cost record for Job 298. Amount 6/30 437 $ 720 Calculate the predetermined overhead rate, then apply manufacturing overhead to the job. Begin by identifying the for Estimated yearly overhead costs Estimated yearly direct labor hours = Predetermined overhead rate Description 60 lbs. rubber at $12 40 meters polyester fabric at $10 100 meters steel cord at $8 7/2 439 $ 400 + 7/3 501 $ 800 per hour Print Done i Requirements 1. Prepare a job cost record for Job 298. 2. Calculate the total profit and the per-unit profit for Job 298. Enter any number in the edit fi Print Done 4 parts Check Answer remaining
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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