Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please answer (b) Ajob cost sheet of Cullumber Company is given below. Job Cost Sheet JOB NO. 172 Quantity 1,500 FOR James Company Date Completed

image text in transcribed

image text in transcribed

Please answer (b)

Ajob cost sheet of Cullumber Company is given below. Job Cost Sheet JOB NO. 172 Quantity 1,500 FOR James Company Date Completed 5/31 Direct Materials Direct Labor Manufacturing Overhead Date 5/10 1.118 12 940 15 460 690 22 402 604 24 840 27 1,570 31 562 844 Cost of completed job: Direct materials Direct labor Manufacturing Overhead Total cost Unit cost Answer the following questions. (a 1) Your Answer Correct Answer Your answer is correct. What is the predetermined manufacturing overhead rate? Predetermined manufacturing overhead rate 150 % Solution Attempts: 1 of 1 used ( 21) Your Answer Correct Answer Your answer is correct. What is the predetermined manufacturing overhead rate? Predetermined manufacturing overhead rate 150 % Solution Attempts: 1 of 1 used (a2) Your Answer Correct Answer Your answer is correct. What are the total cost and the unit cost of the completed job? (Round unit cost answer to 2 decimal places, e.g. 52.75.) Total cost $ 8030 Unit cost $ 5.35 Solution Attempts: 1 of 1 used (b) Prepare the entry to record the completion of the job. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Date Account Titles and Explanation Debit Credit May 31 Save for Later Attempts: 0 of 1 used Submit

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

Step: 3

blur-text-image

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

Financial Accounting

Authors: W. Steven Albrecht, James D. Stice, Earl Kay Stice, K. Fred Skousen, Albrecht S.E.

8th Edition

0324066708, 978-0324066708

More Books

Students also viewed these Accounting questions