Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer no cursive writing Applying Oyerhead to Jobs, Costing Jobs Jaglt Company designs and builds retaining walls for individual customers. On August 1 ,

please answer no cursive writing
image text in transcribed
image text in transcribed
Applying Oyerhead to Jobs, Costing Jobs Jaglt Company designs and builds retaining walls for individual customers. On August 1 , there were two fobs in procest: Job 93 with a beginning balance of 48,760 and Jeb 9 . With a beginning batance of $7,240. Jagit applies overhead at the rate of $7 per direct labor hour. Direct labor wages average $18 per haur Data on August costs for all jees are as follows? During August, Jobs 95 and 96 were started. Job 93 was completed on August 17, and the client was billed at cost plus 40 wh, All other jobs remained in process. Required: 1. Calculate the number of direct labor hours that were worked on each fob in August 2. Calculate the overhest applied to each pob during the month of August: 2. Calculate the overhead applied to each job during the month of August: 3. Prepare job-order cost sheets for each job as of the end of August. 4. Calculate the balance in Work in Process on August 31. The work in process balance on August 31 is $ 5. What is the price of Job 93 ? The price of Job 93 is $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Accounting

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

28th Edition

1337902683, 978-1337902687

Students also viewed these Accounting questions