A firm makes special assemblies to customers orders and uses job costing. The data for a...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
A firm makes special assemblies to customers orders and uses job costing. The data for a period are: Opening work in process Material added in period Labour for period Job X3 $ 26 800 17 275 14 500 $75 523 Job Y2 $ 42 790 C 3 500 The budgeted overheads for the period were $126 000. Job Y2 was completed and delivered during the period and the firm wishes to earn 33¹/3% profit on sales. What is the selling price for Job Y2? A $69 435 B Job Zl $ $84 963 18 500 24 600 D $138 870 A firm makes special assemblies to customers orders and uses job costing. The data for a period are: Opening work in process Material added in period Labour for period Job X3 $ 26 800 17 275 14 500 $75 523 Job Y2 $ 42 790 C 3 500 The budgeted overheads for the period were $126 000. Job Y2 was completed and delivered during the period and the firm wishes to earn 33¹/3% profit on sales. What is the selling price for Job Y2? A $69 435 B Job Zl $ $84 963 18 500 24 600 D $138 870
Expert Answer:
Answer rating: 100% (QA)
The selling price for Job Y2 is 84963 Heres how we calculate it Cost of goods sol... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
List at least five tips for providing positive feedback.
-
List at least five items which paid preparers must do to comply with Circular 230.
-
List at least five items which paid preparers must not do to comply with Circular 230.
-
What is the relationship between group norms and group cohesiveness? What roles do both cohesiveness and norms plan in shaping group performance?
-
Using the six consumer behavior theories (Marsden), name one online tactic for each that might motivate consumers to purchase.
-
Rags-to-Riches, a clothing resale store, employs one salesperson, Dee Hunter. Hunters straight-time wage is $10 per hour, with time-and-a-half pay for hours above 40. Rags-to Riches withholds income...
-
Find a sample settlement agreement. Of those covered in this chapter, what type of settlement agreement did you find?
-
Pam Corporation acquired a 70 percent interest in Sun Corporation's outstanding voting common stock on January 1, 2016, for $490,000 cash. The stockholders' equity of Sun on this date consisted of...
-
Discuss how key practices in the partnering approach to managing contracted relationships vary from those in the traditional approach regarding risk, length of commitment, and structure of project...
-
Given the following information, answer the following questions referencing the floor plan for a corporate training facility and the associated table and psychrometric chart. Building exhaust is 1100...
-
Solve Exhibit 13 Question: Assume any numbers given are for Y1, unless otherwise stated. So no need to assume they are Y0 and grow them for an extra year. For the majority of the information you...
-
Coco Co. produces two products in the following two decentralised departments: The Processing Department: every 1 kg of raw cocoa beans is roasted and refined into cocoa solids without any weight...
-
One of the biggest differences between civil law and criminal law is the burden of proof. Now it's time for you to explain the difference. Ina three paragraph essay, explain the difference in the...
-
1.Identify at least (three) key areas that you would need to first examine/assess before you begin the repositioning process. 2.Justify your selection (of the three key areas) by providing arguments...
-
2. The position vector as a function of time of an object moving along a circular path is given by +(t) = 3cos2t i +3sin2t j 2.1 Show that the objects' moves with a constant speed. (3) 2.2 Show that...
-
What was the purpose for here I stand the BIOGRAPHY OF Martin Luther. Why is it important to establish the meaning of talent and talent management in a particular organizational setting? How does the...
-
Kamala, an auditor at Chong & Chong Unlimited, has successfully completed the identification, categorization, and prioritization of all existing risks at the company. What is the next logical step?
-
Should we separate the debt and equity features of convertible debt? Team 1: Pro separation: Present arguments in favor of separating the debt and equity features of convertible debt. Team 2: Against...
-
According to studies, what is the average rate of listening efficiency for most adults in the United States? Why is this significant in a customer service environment?
-
What are some of the voice qualities that can affect message meaning?
-
What is telephone tag, and how can it be avoided or reduced?
-
Why are problem solving and decision making important in sports?
-
If you were a CEO, what level of social responsibility would you aspire to? How might you go about attaining it?
-
Research what socially responsible activities Alex Rodriguez is involved with off the playing field.
Study smarter with the SolutionInn App