Question: how much direct labor cost in applied overhead are assigned to this job? im having trouble calculating this problem. Only one job remains in work

how much direct labor cost in applied overhead are assigned to this job?

im having trouble calculating this problem. how much direct labor cost in applied overhead are assigned to this

job? im having trouble calculating this problem. Only one job remains in

Only one job remains in work in process inventory at year-end. Its direct materials cost is $27,000. How much direct labor cost and applied overhead are assigned to this job? Lorenzo Company applies oveihead to jobs on the basis of direct matetials cost. At year-end, the Work in Process Inventory account shows the following 1. Determine the predetermined oveihead rate used (based on direct materials cost). 2. Only one job remains in work in process inventory at year-end. its direct materials cost is $27,000. How much direct labor cost and applied ovethead are assigned to this job

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Understanding the relationship between business and society and the ways in which business and society are part of an interactive system.

Please give an answer and explanation. Thank you! 9) Haver Corporation has provided the following data concerning last month's operations. Purchases of raw materials $32,000 Indirect materials...

Instructions: Please put your answer in Column C only. Enter upper case letter only; no period or comma after the letter. For example: B Answer below Reference Hints: (Multiple Choice) A $100,000...

This assignment is very urgent! Be as Accurate as possible providing explanations to each answer. Chapter 1 1.Managerial Accounting and Financial Accounting differ in the following way: A. Financial...

help me please. im prettys sure my answers are wrong. GLO201 (Algo) - Based on Problem 2-2A LO P1, P2, P3, P4 Williams Company shows the following costs for three jobs worked on in April. Job 306 Job...

GL0201 (Algo) Based on Problem 2-2A LO P1, P2, P3, P4 Fisher Company shows the following costs for three jobs worked on in April. Balances on March 31 Direct materials (in March) Direct labor (in...

Complete all 11 journal entries given the information below. GL0201 (Algo) - Based on Problem 2-2A LO P1, P2, P3, P4 Kennedy Company shows the following costs for three jobs worked on in April. Job...

CALCULATOR PR Problem 15-5A Phillips Corporation's fiscal year ends on November 30. The following accounts are found in its job order cost accounting system for the first month of the Other data: 1....

GLO201 (Algo) - Based on Problem 2-2A LO P1, P2, P3, P4 Pelcher Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 $ 69,000 60,000 48,000 $ 95,000 38,000...

Computing job costs and overhead rate; assigning costs to inventory C1P3 At the end of june, the job cost sheets at Ace Roofers show the following costs accumulated on three jobs. Additional...

Old MathJax webview Saved Saved Job 306 Job 307 Job 308 $ 56,000 Balances on March 31 Direct materials (in March) Direct labor (in March) Applied overhead (March) Costs during April Direct materials...

Slotkin Products purchased a machine for $39,000 on July 1, 2014. The company intends to depreciate it over 8 years using the double-declining balance method. Salvage value is $3,000. Depreciation...

Would one agree that if having their ethical antennae up that they will be more likely to detect an ethical issue they may face than if they are focusing completely on pleasing your boss, being part...

7. (Learning Objective 5) Assuming the amount of manufacturing overhead overallocation or underallocation is not material, which account is adjusted at the end of the period? a. Raw Materials...

what are the factors that shape your organization external competitiveness to recruit and retain employees

Do you think it was appropriate on the part of Nitin to enlist the services of a consultant to review the appraisal system? What are the relative merits and demerits of engaging consultants for such...

Comment on the recommendation of the consultant to replace the present system with 360-degree appraisal. What other degrees (like: 90, 180, 270, 540, and 720 degrees) could be considered in the case...

Discuss the feasibility and desirability of fixing and periodically reviewing the KPAs for each employee. Would it be better to do this exercise for job-categories rather than for each individual...