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PA1 LO 4.1 For each item listed, state whether a job order costing system or process costing system would be best A cereal B. team
PA1 LO 4.1 For each item listed, state whether a job order costing system or process costing system would be best A cereal B. team uniforms C. houses D. beach chairs E plastic E restaurant specific pizza boxes G. sneakers customized with number and colors PA2 LO 4.4 York Company is a machine shop that estimated overhead will be $50,000, consisting of 5,000 hours of direct labor. The cost to make Job 0325 is $70 in aluminum and two hours of labor at $20 per hour. During the month, York incurs $50 in indirect material cost $150 in administrative labor, $300 in utilities, and $250 in depreciation expense. A What is the predetermined overhead rate if direct labor hours are considered the cost driver? B. What is the cost of Job 03257 C. What is the overhead incurred during the month? PA3. LO 4.4 Pocono Cement Forms expects $900,000 in overhead during the next year It does not know whether it should apply overhead on the basis of its anticipated direct labor hours of 60,000 or its expected machine hours of 30,000 Determine the product cost under each predetermined allocation rate if the last job incurred $1,550 in direct material cost, 90 direct labor hours, and 75 machine hours. Wages are paid at $16 per hour PA4 LO 4.5 Job cost sheets show the following information Job March January $2,500 4,838 February $1,200 AA2 AA4 AAS AA3 Total Completed February January February April Sold Not sold February March Not sold 3,250 3,409 7,859 $2,319 2,319 7,338 What are the balances in the work in process inventory, finished goods inventory, and cost of goods sold for January, February, and March
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