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Prepare a Column chart below showing the 3 products that were added to the jobs in January. Sheds, Inc. designs and builds sheds and outbuildings
Prepare a Column chart below showing the 3 products that were added to the jobs in January. |
Sheds, Inc. designs and builds sheds and outbuildings for individual customers. The company uses a job cost system and treats each customer's order as a separate job. At the beginning of January the company had the following raw material inventory: $500 monoco FSMF At the beginning of January the company had the following work-in-process inventories: Job 21 $1,000 Job 25 $3,000 During January, the following activities took place: 1. Started jobs 26 and 27. 2. Purchased raw materials in January: $13,000 Requisitioned(or used) the following raw materials to the specific jobs: Job 21 $4,000 Job 25 $1,000 Job 26 $2,000 Job 27 $3,000 Sagangan mo 3. Incurred January manufacturing payroll: Direct Labor Job 21 Job 25 Job 26 Job 27 $700 $2,000 $900 $1,600 Indirect labor $400 4. Incurred additional manufacturing overhead costs for January: Production equipment rent Manufacturing supplies purchased and used Factory utilities $700 $500 $300 37 5. Applied manufacturing overhead using a predetermined rate based on predicted annual overhead and predicted annual direct material cost as follows: Predicted Annual Overhead $30,000 Predicted Annual Direct Material cost $150,000 38 6. Completed jobs 25 and 27 in January. 7. Customer for Job 25 picked up completed job and was billed the following: Job 25 10,000 8. The company had the following period costs that they incurred: Sales commissions $2,000 Administrative salaries $1,000 49 Required: You need to use cell references to complete Part 1 in your response and calculations. ro Sheds, Inc. designs and builds sheds and outbuildings for individual customers. The company uses a job cost system and treats each customer's order as a separate job. At the beginning of January the company had the following raw material inventory: $500 monoco FSMF At the beginning of January the company had the following work-in-process inventories: Job 21 $1,000 Job 25 $3,000 During January, the following activities took place: 1. Started jobs 26 and 27. 2. Purchased raw materials in January: $13,000 Requisitioned(or used) the following raw materials to the specific jobs: Job 21 $4,000 Job 25 $1,000 Job 26 $2,000 Job 27 $3,000 Sagangan mo 3. Incurred January manufacturing payroll: Direct Labor Job 21 Job 25 Job 26 Job 27 $700 $2,000 $900 $1,600 Indirect labor $400 4. Incurred additional manufacturing overhead costs for January: Production equipment rent Manufacturing supplies purchased and used Factory utilities $700 $500 $300 37 5. Applied manufacturing overhead using a predetermined rate based on predicted annual overhead and predicted annual direct material cost as follows: Predicted Annual Overhead $30,000 Predicted Annual Direct Material cost $150,000 38 6. Completed jobs 25 and 27 in January. 7. Customer for Job 25 picked up completed job and was billed the following: Job 25 10,000 8. The company had the following period costs that they incurred: Sales commissions $2,000 Administrative salaries $1,000 49 Required: You need to use cell references to complete Part 1 in your response and calculations. ro
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