The following data relates to the Aahil & co. for the month of June 2013. Company...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The following data relates to the Aahil & co. for the month of June 2013. Company using job order costing system Job Numbers 1 2 3 4 Job No. 1, 2 and Job No. 3 were completed. Job No. 2 was sold 45% above the cost. Required: Calculate the following requirements. a. b. COGM. Direct Material 30000 20000 30000 15000 c. WIP ending. d. COGS. Direct Labor 50000 40000 25000 10000 FOH 35000 30000 25000 10000 e. FG ending. f. Gross profit. g. Selling price. The following data relates to the Aahil & co. for the month of June 2013. Company using job order costing system Job Numbers 1 2 3 4 Job No. 1, 2 and Job No. 3 were completed. Job No. 2 was sold 45% above the cost. Required: Calculate the following requirements. a. b. COGM. Direct Material 30000 20000 30000 15000 c. WIP ending. d. COGS. Direct Labor 50000 40000 25000 10000 FOH 35000 30000 25000 10000 e. FG ending. f. Gross profit. g. Selling price.
Expert Answer:
Answer rating: 100% (QA)
Job costing It is a method of costing where all the costs like direct material direct labor and manu... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
Students also viewed these accounting questions
-
Data 1 You work for Thunderduck Custom Tables Inc. This is the first month of operations. The company designs and manufactures specialty tables. Each table is specially customized for the customer....
-
The equilibrium constant, Kp, for the following reaction is 0.215 at 673 K: NH4I(S) NH3(g) + HI(g) Calculate the equilibrium partial pressure of HI when 0.386 moles of NH4I(s) is introduced into a...
-
The price quoted to the customer is closely tied to the estimated cost in environments in which products are made according to the customer's specifications. Therefore, a company must be able to...
-
This project requires the use of a Windows, Linux, or Mac computer that has Internet access. Using methods you learned in this chapter, find the answers to the following questions: 1 1 How is an IP...
-
Missing information in inventory T-accounts The following incomplete T-accounts were drawn from the records of Chilton Manufacturing Company: Required Determine the dollar amounts for (a), (b), (c),...
-
Describe how groups use technology to enhance their interactions.
-
Refer to the information from QS 21-18. Compute the variable overhead spending variance and the variable overhead efficiency variance and classify each as favorable or unfavorable. Data From QS 21-18...
-
Assume that Gulistan Inc. has the following accounts at the end of the current year. 1. Common Stock. 2. Discount on Bonds Payable. 3. Treasury Stock (at cost). 4. Notes Payable (short-term). 5. Raw...
-
DATABASE: SQL Data Manipulation Language (DML) : Insert, Update & Delete Statements What are the Command to insert, update and delete data within the database tables please explain? Table Student...
-
Beale Management has a noncontributory, defined benefit pension plan. On December 31, 2021 (the end of Beale's fiscal year), the following pension-related data were available: Projected Benefit...
-
Let R = 1 0.7 0.4 02). Find RT using t -conorm C, for union and t -norm T, for composition. Explain
-
The marketing research department for a company that manufactures and sells computers established the following price- demand and cost functions. p(x)=2292-66x where p(x) is the wholesale price per...
-
Watch the following link: https://www.youtube.com/watch?v=_FSHKircIoA Describe and Analyze Rebar Jaff's Ted Talk contrasting his experiences with Canadian multiculturalism with his experiences...
-
What role does strategic foresight play in the formulation of comprehensive change management strategies, enabling proactive identification and mitigation of potential risks and bottlenecks?
-
(1) Let f(u,v) = u+v+uv and u = u(x, y) = e + y, v = v(x, y) = xy. Use the Chain af af Rule to compute and
-
Which of these generations is the most educated to date? OA. Baby boomers OB. Generation X OC. Generation Alpha OD. Generation Z O E. Millennials
-
Using tinker cad or any application similar to it, make a circuit on a breadboard based on the schematic diagram. www R
-
Explain the term global capital markets. This chapter primarily discusses global equity markets. What other types of financial instruments are traded in these markets? How important are global...
-
Mike sells his home to Jane on April 2, 2012. Jane pays the property taxes covering the full calendar year in October, which amount to $2,500. How much may Mike and Jane each deduct for property...
-
John Williams (age 42) is a single taxpayer, and he lives at 1324 Forest Dr., Reno, NV 89501. His Social Security number is 555-94-9358. John's earnings and withholdings as the manager of a local...
-
Dr. Ivan I. Incisor and his wife Irene are married and file a joint return for 2012. Ivan's Social Security number is 477-34-4321 and he is 48 years old. Irene I. Incisor's Social Security number is...
-
Identify from Cresseys research the six situational categories that cause nonshareable problems.
-
Which of the following is true with regard to Cresseys theory of crime causation? 1. For a fraud to occur, only one of the fraud triangle attributes (perceived pressure, perceived opportunity, or...
-
Identify which of the following is not considered a nonshareable problem from Cresseys research. 1 .Business reversal such as bankruptcy 2.Losses due to gambling 3. Justification of the fraud act by...
Study smarter with the SolutionInn App