Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Waterways Problem 15 Waterways two major puble par projects to provide with comprehensive rigation in one of its service locations that with Job 15 and

image text in transcribed
image text in transcribed
Waterways Problem 15 Waterways two major puble par projects to provide with comprehensive rigation in one of its service locations that with Job 15 and Jobs involve 15 acres of landscaped terrain which will note special order, prinder heads to meet the specification of the project. Using job costs to produce these parts, the following events occurred during December Par materials were regulstoned from the company inventory on December 2 for $5,028 on December a fer 1.068, and on December 14 for $147. In each instance, to thirds (2/3) e these materials were for 357 and the rest for K52. Sa time tickets were turned in for these two projects for a totalmount of hou work At the wides were paid $15.5 per hour. The time tickets were deted December 3, December, and December 15. Och of these days, 6 labor hours were spent on these jobs, two thirds (1/3) for and the rest for The predetermined overhead rate is based on machine hours. The expected machine here for the year 13.094 hours and the anticipated overhead costs are $120.234 for the year. The machines were used by workers te projects 52 and 357 on December 3.9 and 15. Sex machine hours were for proget each day and machine hours werewed for projects the first day and each of the other day). Both of these special orders were completed on December 15. produod 200 forinder heade for 157 100 sprinkler Beads for 152. Additional border activities during this period included Deci wchodowerials from Durtin Supply Company on for $5.000. Dec. 240,000 of direct material from the company inventory to jobs other than $2 and 357 and 13,100 of indirect meter Dec 12 Parys factory sales and wages for 564,700 Dec 13 the factory's water of $9,000. Dec 8 Transferred 549,700 of costs from other completed yote to finished gode Dec 21 Paid the factory's decis bill of $11.900 for Waterways factor Den 31 Made ingentes forth factory that indded to property taxes of 11.00, prepaid inance of 58,000, and acted debretion 16.000 Set up the job cothes for sob No. 157 and Job N. 52. Determine the total cost for each manufacturing special order for these jobs. (Hound wait to deal places. 12.25.) Job Ne, 157 Job No. 52 Total Coul Unt Cost $

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

More Books

Students also viewed these Accounting questions