Question: Hi i need help with this question please: Kenno Prosthetics Company produces artificial limbs for individuals. Each prosthetic is unique. On January 1, three jobs
Hi i need help with this question please:
Kenno Prosthetics Company produces artificial limbs for individuals. Each prosthetic is unique. On January 1, three jobs (identified by the name of the person being fitted with the prosthetic) were in process with the following costs:
During the month of January, two more jobs were started, for Davison and Egberts. Materials and labour costs incurred by each job in January are as follows:
| Materials | Direct Labour | |
|---|---|---|
| Asher | $2,400 | $1,200 |
| Bryson | 2,200 | 800 |
| Cooper | 3,440 | 1,000 |
| Davison | 5,240 | 6,600 |
| Egberts | 1,040 | 720 |
Cooper's and Davison's prosthetics were completed and sold by January 31.


\fllI Question 6 [16 points) Complete Problem 5-27 and answer the following question. Remember to enter numeric amounts without a $ or, {a comma}. If the answer is $20,000.00. then enter the number as 20000. Remember to round to 2 decimal places. For numbers such as 1.456, round up to 1.46 and for numbers such as 1.452. round down to 1.45 Required: 1. The overhead application rate for the Asher job is Q/ (enter a numerical answer) which is a 15/ (dollar value, percentage}. The overhead applicatin rate for the Bryson and Cooperjobs is as, (different. the same) because application rates (change, remain constant) for everyjob. 2. Prepare simple job-order cost sheets for each of the five jobs in process during January. You will need this information to answer the remaining questions. 3. The ending balance of Work in Process on January 31 is $ o/ . The Cost of Goods Sold for January i5$ ex 4. Suppose that Kenno Prosthetics Company prices its jobs at cost plus 20 percent In addition, during January, marketing and administrative costs of $3,400 were incurred. On the income statement for January the Gross Margin would be 33 Q; and Operating Income would be 35 15/
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
