Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QS 19-10 Manufacturing cost flows LO P1, P2, P3 On March 1a dressmaker starts work on three custom-designed wedding dresses. The company uses job order

image text in transcribed
image text in transcribed
image text in transcribed
QS 19-10 Manufacturing cost flows LO P1, P2, P3 On March 1a dressmaker starts work on three custom-designed wedding dresses. The company uses job order costing and applies overhead to each job (dress) at the rate of 40% of direct materials costs. During the month, the jobs used direct materials as shown below Direct naterials used Job Job 2 Job 3 $5.000 $7.000 $1.500 During the month, the Jobs used direct labor as shown below. Jobs 1 and 3 are not finished by the end of March, and Job 2 is finished but not sold by the end of March Direct Isot used Job I Job 2 Job 3 39.000 14.000 $3.000 1 Determine the amounts of direct materials, direct labor, and factory overhead applied that would be reported on job cost sheets for each of the three jobs for March 2 Determine the total dollar amount of Work in Process Inventory at the end of March 3. Determine the total dollar amount of Finished Goods Inventory at the end of March Assume the company has no beginning Work in Processor Finished Goods inventories. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the amounts of direct materials, direct labor, and factory overhead applied that would be reported on job cost sheets for each of the three jobs for March Direct materials Direct labor Factory overhead Total JOB COST SHEET Job 1 $ 5 000 $ 9.000 Job 2 7000 5 4,000 Job 3 1500 3,000 5 14.000 5 11,000 $ 4.500 QS 19-10 Manufacturing cost flows LO P1, P2, P3 On March ta dressmaker starts work on three custom-designed wedding dresses. The company uses job order costing and applies overhead to each job dress) at the rate of 40% of direct materials costs. During the month, the jobs used direct materials as shown below Detect materasie word Toby Jab 2 Job $5,000 $7.000 $1,500 > During the month, the jobs used direct labor as shown below. Jobs 1 and 3 are not finished by the end of March and Job 2 is finished but not sold by the end of March Job Job Job 3 Direct laborured 39.000 34.000 13.000 sk 1 Determine the amounts of direct materials, direct labot, and factory overhead applied that would be reported on job cost sheets for each of the three jobs for March 2. Determine the total collar amount of Work in Process inventory at the end of March 3. Determine the total dollar amount of Finished Goods Inventory at the end of March Assume the company has no beginning Work in Processor Finished Goods inventories ces Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the total dollar amount of Work in Process Inventory at the end of March Ending work in process inventory QS 19-10 Manufacturing cost flows LO P1, P2, P3 On March 1 a dressmaker starts work on three custom-designed wedding dresses. The company uses job order costing and applies overhead to each job (dress) at the rate of 40% of direct materials costs. During the month, the jobs used direct materials as shown below. Job Job 2 1063 Direct materials used $5.000 $7.000 $1.500 During the month, the jobs used direct labor as shown below. Jobs 1 and 3 are not finished by the end of March, and Job 2 is finished but not sold by the end of March Direct labot ured Job Job Job 3 $9.000 14.000 13.000 1 Determine the amounts of direct materials, direct labor, and factory overhead applied that would be reported on job cost sheets for each of the three jobs for March 2 Determine the total dollar amount of Work in Process Inventory at the end of March 3. Determine the total dollar amount of Finished Goods Inventory at the end of March Assume the company has no beginning Work in Process or Finished Goods inventories. Complete this question by entering your answers in the tabs below. Required: Required 2 Required a Determine the total dollar amount of Finished Goods Inventory at the end of March. Assume the company has no beginning Work in Processor Finished Goods inventories.

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

Auditing IT Infrastructures For Compliance

Authors: Martin Weiss

1st Edition

0763791814, 978-0763791810

More Books

Students also viewed these Accounting questions