Question
Riverwood Accounting Company has the following account in its cost records: Work in ProcessJones Audit Direct labor 40,000 Services completed 84,506 Project overhead 54,000 Riverwood
Riverwood Accounting Company has the following account in its cost records:
| Work in ProcessJones Audit | ||||
|---|---|---|---|---|
| Direct labor | 40,000 | Services completed | 84,506 | |
| Project overhead | 54,000 | |||
Riverwood applies overhead to projects at a predetermined rate based on direct labor costs. Assume that Riverwood uses a job order costing system and that Jones Audit is the only job in process at the end of the period. Complete the following cost sheet for services still in process for Jones Audit.
| Job Order Cost Sheet Jones Audit (Services in Process) | ||
|---|---|---|
| Direct labor | Answer | |
| Project overhead | Answer | |
| Total cost | Answer | |
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ISO 9000 Family Of Standards With Extracts From ISO 9001 Audit Trail
Authors: David John Seear
1st Edition
1477226400, 978-1477226407
