Juanita Corporation uses a job-order costing system and applies overhead on the basis of Machine Hours....
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Juanita Corporation uses a job-order costing system and applies overhead on the basis of Machine Hours. At the end of October, Juanita had one job still in process. The job cost sheet for this job contained the following information: Direct materials Direct labor Machine Hours Manufacturing overhead applied $ 490 $ 570 50 $ 720 An additional $400 of labor was needed in November to complete this job. For this job, how much should Juanita have transferred to finished goods inventory in November when it was completed? Juanita Corporation uses a job-order costing system and applies overhead on the basis of Machine Hours. At the end of October, Juanita had one job still in process. The job cost sheet for this job contained the following information: Direct materials Direct labor Machine Hours Manufacturing overhead applied $ 490 $ 570 50 $ 720 An additional $400 of labor was needed in November to complete this job. For this job, how much should Juanita have transferred to finished goods inventory in November when it was completed?
Expert Answer:
Answer rating: 100% (QA)
To calculate the total cost of the job we need to a... View the full answer
Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0133392883
6th Canadian edition
Authors: Horngren, Srikant Datar, George Foster, Madhav Rajan, Christ
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....
-
Dorsey Company has expanded its operations by purchasing a parcel of land with a building on it from Bibb Company for $88,000 The appraised value of the land is $28,000, and the appraised value of...
-
A gold crystal has a FCC lattice with one gold atom per lattice point and a lattice constant of 4.08. Every gold atom has one valence electron. The fermi energy of the gold crystal is eV. (Answer...
-
AASB 102 prohibits the use of the LIFO method. What is the argument against the use of LIFO?
-
Discuss briefly the risks and payoffs of the following positions: a. Buy stock and a put option on the stock. b. Buy stock. c. Buy call. d. Buy stock and sell call option on the stock. e. Buy bond....
-
Air enters a smooth, insulated $3 \mathrm{~cm}$ diameter duct with stagnation pressure and temperature of $200 \mathrm{kPa}, 500 \mathrm{~K}$, and a velocity of $100 \mathrm{~m} / \mathrm{s}$....
-
What are the advantages to making a CCP 998 offer?
-
1. Based upon your knowledge of health and safety matters and your actual observations of operations that are similar to ours make a list of the potential hazardous conditions employees and others...
-
OVERHEAD VARIANCES FSI had the following ACTUAL fixed and variable overhead costs during the month of October. 14,000 of direct labor were used to produce 30,000 shirts. Variable Overhead Fixed...
-
The City of Townsends city council authorized the establishment of an internal service fund to provide human resource services to city departments. The following transactions took place in the...
-
Costcutters Corp. is considering 3 projects, A, B, and C. The cash flows for each project are shown in the table below. If the cost of capital is 16%, these projects are independent of each other but...
-
To what extent do you think that an individual's gender impacts the development of their gross motor skills? Do you feel that gross motor development is more influenced by genetics or environmental...
-
Explain the sense in which the KingdoResearch a Christian denomination that has a different form of the doctrine of the church, different church government, and a different practice of the...
-
To what extent do you think that an individual's gender impacts the development of their gross motor skills? Do you feel that gross motor development is more influenced by genetics or environmental...
-
You are the owner of a concert venue at which the very popular band "Rolling Beatles" is scheduled to perform. You alone are in charge of setting prices, although government regulations require that...
-
Choose one and list the marketing activities a not-for-profit organization performs and rank them according to the opinions on a scale of 1 - 5 (1 being poor, 5 being excellent) as to how well this...
-
16. A desktop database is al a. single-user b. multiuser A workgroup database is a(n) a. single-user b. multiuser 18. The 19. 20. 17. Most decision-support data are based on historical a. operational...
-
Refer to Exercise 8.S.I. Construct a scatterplot of the data. Does the appearance of the scatterplot indicate that the pairing was effective? Explain. Exercise 8.S.I. A volunteer working at an animal...
-
Ajax Corporation has two divisions. The Mining Division makes toldine, which is then transferred to the Metals Division. The toldine is further processed by the Metals Division and sold to customers...
-
Relevant costs, contribution margin, product emphasis. The Beach Comber is a take out food store at a popular beach resort. Susan Sexton, owner of the Beach Comber, is deciding how much refrigerator...
-
Answer the following questions. 1. A company has an inventory of 1,000 assorted parts for a line of missiles that has been discontinued. The inventory cost is $88,000. The parts can be either (a)...
-
What are generally accepted accounting principles (GAAP)?
-
Describe the concepts, principles and constraints underlying financial statements.
-
Accounting is the process of: (a) recognising, measuring, recording and communicating. (b) identifying, measuring, recording and communicating. (c) identifying, recording, classifying and...
Study smarter with the SolutionInn App