{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-29T12:06:45-04:00", "answer_date": "2024-05-29 12:06:45", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1883769", "url": "\/study-help\/questions\/required-information-problem-22a-algo-computing-and-recording-job-1883769", "question_creation_date_js": "2024-05-29T12:06:45-04:00", "question_creation_date": "May 29, 2024 12:06 PM", "meta_title": "[Solved] ! Required information Problem 2-2A (Algo | SolutionInn", "meta_description": "Answer of - ! Required information Problem 2-2A (Algo) Computing and recording job costs; preparing schedule of cost of goods manu | SolutionInn", "meta_keywords": "required,information,problem,2-2a,algo,computing,recording,job,costs,preparing,schedule,cost", "question_title_h1": " ! Required information Problem 2-2A (Algo) Computing and recording job costs; preparing schedule of cost of goods manufactured LO P1, P2, P3, P4 [The", "question_title": " ! Required information Problem 2-2A (Algo) Computing and recording job costs;", "question_title_for_js_snippet": " Required information Problem 2 2A (Algo) Computing and recording job costs preparing schedule of cost of goods manufactured LO P1, P2, P3, P4 The following information applies to the questions displayed below Marco Company shows the following costs for three jobs worked on in April Balances on March 31 Direct materials used (in March) Direct labor used (in March) Overhead applied (March) Costs during April Direct materials used Direct labor used Overhead applied Status on April 30 Additional Information Job 306 Job 307 Job 308 $ 31,000 22,000 11,000 $ 39,000 18,000 9,000 137,000 101,000 Finished (sold) Finished (unsold) 205,000 $ 115,000 154,000 101,000 In process a Raw Materials Inventory has a March 31 balance of $83,000 b Raw materials purchases in April are $600,000, and total factory payroll cost in April is $382,000 c Actual overhead costs incurred in April are indirect materials, $55,000 indirect labor, $26,000 factory rent, $33,000 factory utilities, $21,000 and factory equipment depreciation, $54,000 d Predetermined overhead rate is 50 of direct labor cost e Job 306 is sold for $690 000 cash in April G Prev 3 4 5 LO of 5 Next", "question_description": "\"image\"image\"image\"image", "transcribed_text": "! Required information Problem 2-2A (Algo) Computing and recording job costs; preparing schedule of cost of goods manufactured LO P1, P2, P3, P4 [The following information applies to the questions displayed below.] Marco Company shows the following costs for three jobs worked on in April. Balances on March 31 Direct materials used (in March) Direct labor used (in March) Overhead applied (March) Costs during April Direct materials used Direct labor used Overhead applied Status on April 30 Additional Information Job 306 Job 307 Job 308 $ 31,000 22,000 11,000 $ 39,000 18,000 9,000 137,000 101,000 ? Finished (sold) ? Finished (unsold) 205,000 $ 115,000 154,000 101,000 ? In process a. Raw Materials Inventory has a March 31 balance of $83,000. b. Raw materials purchases in April are $600,000, and total factory payroll cost in April is $382,000. c. Actual overhead costs incurred in April are indirect materials, $55,000; indirect labor, $26,000; factory rent, $33,000; factory utilities, $21,000; and factory equipment depreciation, $54,000. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $690.000 cash in April. G < Prev 3 4 5 LO of 5 # Next", "related_book": { "title": "Financial and managerial accounting", "isbn": "111800423X, 9781118233443, 1118016114, 9781118004234, 1118233441, 978-1118016114", "edition": "1st edition", "authors": "Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/221.jpg", "uri": "\/textbooks\/financial-and-managerial-accounting-1st-edition-221", "see_more_uri": "" }, "free_related_book": { "isbn": "B0CV8B4G9D", "uri": "\/textbooks\/uncover-your-true-calling-leave-your-job-design-your-life-and-find-happiness-in-this-essential-book-1st-edition-979-8878820318-255931", "name": "Uncover Your True Calling Leave Your Job Design Your Life And Find Happiness In This Essential Book", "edition": "1st Edition" }, "question_posted": "2024-05-29 12:06:45", "see_more_questions_link": "\/study-help\/questions\/business-general-management-2023-February-20", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/b-giulia-runs-at-45-ms-1-ms-is-22-654063", "description": "B. Giulia runs at 4.5 m\/s (1 m\/s is 2.2 mi\/h ... just think \"about 2 mi\/h\"). She is running eastward into the sunrise and along a straight-line path. Show a complete sketch from when you start...", "stars": 3 }, { "url": "\/two-income-statements-for-bradford-company-are-shown-below.", "description": "Two income statements for Bradford Company are shown below. a. Prepare a vertical analysis of Bradford Companys income statements. b. Does the vertical analysis indicate a favorable or unfavorable...", "stars": 3 }, { "url": "\/mr-and-mrs-rusbarsky-purchased-a-residence-on-june-12-2010", "description": "Mr. and Mrs. Rusbarsky purchased a residence on June 12, 2010, for $200,000. On March 12, 2013, they sell the residence for $300,000, and selling expenses amount to $11,000. They purchase another...", "stars": 3 }, { "url": "\/study-help\/business-statistics-in-practice\/c-for-the-model-of-exercise-47-and-the-models-1982077", "description": "=+c) For the model of Exercise 47 and the models of parts a and b, compute the MAPE. Which model did best? Given the plot in Exercise 47, explain why. d) Use these methods to forecast the crude oil...", "stars": 3 }, { "url": "\/the-central-purchasing-group-for-ortega-foods-buys-cornmeal-for", "description": "The central purchasing group for Ortega Foods buys cornmeal for the company's four plants that produce taco shells. Three source points are available, but contractual agreements limit supply from...", "stars": 3 }, { "url": "\/study-help\/questions\/10-the-capital-asset-pricing-model-and-the-security-market-9816007", "description": "10. The Capital Asset Pricing Model and the security market line Wilson holds a portfolio that invests equally in three stocks (wAwA = wBwB = wCwC = 1\/3). Each stock is described in the following...", "stars": 3 }, { "url": "\/study-help\/questions\/in-considering-the-education-industry-prior-to-the-pandemic-a-4591476", "description": "In considering the education industry prior to the pandemic, (A) online learning may have been considered a separate segment. However, (B) many would argue that online learning is now an extension of...", "stars": 3 }, { "url": "\/study-help\/questions\/systems-analyst-role-is-difficult-and-challenging-in-addition-you-1003808", "description": "Systems Analyst role is difficult and challenging. In addition, you likely have a greater appreciation for the significant contributions these professionals make to the results of the organization...", "stars": 3 }, { "url": "\/study-help\/questions\/according-to-tolley-it-is-recommended-to-track-the-people-4006546", "description": "Points: 25 Graduation Party Stakeholder Management Plan Stakeholder Management Graduation Project 1. Identify & Analyze Stakeholders: Drawing on the charter you created, create a stakeholder register...", "stars": 3 }, { "url": "\/study-help\/questions\/fnsacc412-prepare-operational-budgets-you-are-the-bookkeeper-for-brads-4251087", "description": "FNSACC412 Prepare Operational Budgets You are the bookkeeper for Brad's Vegan Ice Creamery. The business has had a bumper year in terms of sales volumes, but there are concerns about the fall in...", "stars": 3 }, { "url": "\/study-help\/questions\/you-have-inherited-the-project-management-of-a-system-implementation-1008874", "description": "You have inherited the project management of a system implementation. The implementation of a group project has been broken down into the following activities, whose durations and dependencies are as...", "stars": 3 }, { "url": "\/study-help\/questions\/a-sample-of-a-reinsurers-payments-made-under-a-proportional-1004264", "description": "A sample of a reinsurer's payments made under a proportional reinsurance arrangement consists of the following values, in units of thousands of pounds: 4.5, 6.8, 22.9, 1.4, 3.8, 10.2, 19.4, 32.1 If...", "stars": 3 }, { "url": "\/study-help\/questions\/which-of-the-following-is-not-an-example-of-a-8268971", "description": "Which of the following is not an example of a shape effect? One shadow two bevel three gradient for reflection", "stars": 3 }, { "url": "\/suppose-the-concentration-of-glucose-inside-a-cell-is-01", "description": "Suppose the concentration of glucose inside a cell is 0.1 mm and the cell is suspended in a glucose solution of 0.01 mm. a. What would be the free energy change involved in transporting 10-o mole of...", "stars": 3 }, { "url": "\/study-help\/taxation-of-individuals\/23-what-are-the-key-differences-in-the-tax-law-1636713", "description": "23. What are the key differences in the tax law requirements that apply to forward versus reverse triangular mergers?", "stars": 3 }, { "url": "\/study-help\/taxation-of-individuals\/20-do-the-shareholders-of-the-target-corporation-usually-prefer-1636714", "description": "20. Do the shareholders of the target corporation usually prefer to sell the stock or the assets of the target corporation? Explain.", "stars": 3 }, { "url": "\/study-help\/taxation-of-individuals\/62-brent-matt-chris-brad-and-anwer-are-five-unrelated-1636717", "description": "62. Brent, Matt, Chris, Brad, and Anwer are five unrelated shareholders who each own 20 of the 100 outstanding shares of Aggie Corporation. On June 30 of this year, Aggie distributed $100,000 in cash...", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/blossom-service-corporation-had-net-income-of-160000-and-paid-1883768", "next": "\/study-help\/questions\/ebook-show-me-how-print-item-purchaserelated-transactions-the-stationery-1883770" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": " ! Required information Problem 2-2A (Algo) Computing and recording job costs;", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/required-information-problem-22a-algo-computing-and-recording-job-1883769" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } } } }