f Facebook x Cost 2022 - Quiz 2 (Answer Sheel X : Quiz 2 * *Course Hero * *Document (5).docx X + X + -> C A classroom.google.com/u/0/c/NDY4NDc1NZAOMDA3/a/NDg1MjYyMTM2NjMy/details 285 PDF Cost 2022 - Quiz 2.pdfunting Acct 106 Open with Google Docs If Employee B neither produced below nor te for the following: 1. Guaranteed weekly minimum wage Total debit to work-in-process account AWN Total debit to overhead control account Quiz 2 4. Total credit to payroll for employees who produced above quota in week 1 Assigned Paul Aldrin Apost Problem 2: Overtime Pay DEF Company manufactures tools on a job order basis wherein during the month of April 2021, three jobs were d or create completed. The following costs were incurred: J501 J502 J503 For problem solvi Direct Materials 18,000 27,000 20,000 1 Million > write 1 Direct Labor 7,000 10,000 8,000 write 1.25 Assume overtime pay is charged to all jobs, compute the following: 75 > write 0.75 5. Total debit to work-in-process account related to labor ments 6. Total debit to overhead account o Paul Aldrin Apostol Remove trailing/i Assume overtime pay is solely charged to J502, compute the following: 1.50 > write 1.5 7. Total debit to work-in-process account related to labor 8. Total cost of J502 Problem 3: Economic Order Quantity GHI Company has an annual demand of 100,000.00 units of Material Y. The ordering cost is 125.00 per order, cost per unit 5.00, and the annual carrying cost per unit is 1.00. Assume that the units will be required evenly throughout the year. Compute for the following: 2 Class comm 9. Economic order quantity 10. Number of orders made on first quarter 11. Total carrying cost Add a class com 12. Total ordering cost Problem 4: First-In First-Out vs Average Costing The following information relates to JKL Company's materials inventory for the month of March 2021. March 1 Beginning Balance 800 units at 5.00 5 Purchases 200 units at 6.00 6 Purchase Returns 50 units 9 Purchases 200 units at 7.00 16 Issuances 400 units 22 Excess Materials 20 units 24 Purchases 300 units at 8.00 27 Issuances 500 units Compute the Ending Inventory, if: 13. The costs of materials are charged in order of occurrence 14. The costs of materials are charged at an average cost perpetually (round off to the nearest peso) 15. The costs of materials are charged at an average cost periodically (round off to the nearest peso) Activate Windows Go to Settings to activate Windows. ? Page 1 1 2 - + O 6:12 PM Type here to search WE 30'C Partly sunny ~ [') 4/28/2022