Job A3B was ordered by a customer on September 25. During the month of September, Jaycee...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $2,500 of direct materials and used $4,000 of direct labor. The job was not finished by the end of September, but needed an additional $3,000 of direct materials and additional direct labor of $6,500 to finish the job in October. The company applies overhead at the end of each month at a rate of 200% of the direct labor cost incurred. What is the balance in the Work in Process account at the end of September relative to Job A3B? Multiple Choice O O $5,500 $11,500 $6,500 $9,500 $14,500 Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $2,500 of direct materials and used $4,000 of direct labor. The job was not finished by the end of September, but needed an additional $3,000 of direct materials and additional direct labor of $6,500 to finish the job in October. The company applies overhead at the end of each month at a rate of 200% of the direct labor cost incurred. What is the balance in the Work in Process account at the end of September relative to Job A3B? Multiple Choice O O $5,500 $11,500 $6,500 $9,500 $14,500
Expert Answer:
Answer rating: 100% (QA)
Calculation of work in process account at the end of ... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
9 0.5 points A population is made up of individuals where 37 have the A1A1 genotype, 15 have the A1A2 genotype, and 27 have the A2A2 genotype. What is the observed A1 allele frequency? Answer to 2...
-
Refer to your answers from E17A-6. Requirements 1. Prepare the journal entries to record the assignment of direct materials and direct labor, and the allocation of manufacturing overhead to the...
-
Describe how to develop a pro forma income statement (Table 6-7).
-
Why is there no need for fluxes or shielding gases in resistance
-
Quan purchased four tickets to see Luke Bryan at the Ryman Auditorium in Nashville. The tickets cost $113 each plus tax. The sales tax rate in Nashville is 9.25%. Determine the total price Quan paid...
-
Design Data sold a piece of machinery to HHB Drafting Company. However, after HHB had taken possession of the machine, it discovered damage and revoked the contract. The court found that the...
-
Using the planned orders generated in Problem 17, complete inventory records for components AB501, AB511, and AB521. Use the lot size rule, lead time, and usage information given in Problem 12.
-
At a price of $340, Vurtego sold 1050 pogo sticks per year. After airing on Shark Tank, demand increased, and Vurtego sold 1950 pogo sticks the following year for $460 a unit. Using the mid-point...
-
After running depth-first search on a directed graph G, is it necessarily true that v.f > u.f if vertex v is a descendent of vertex u? Explain your answer. (b) Is it true that if a directed graph G...
-
A beta factor represents risk in a financial instrument or commodity. The risk involved here is volatility risk, which will give you an understanding of how the security is expected to move in the...
-
Need ads for any country and analysis for hofested culture of this country Through this ads. Provide a detailed answer.
-
Facts LOB A was awarded a FFP contract for a total price of $20M Estimate at Completion (EAC) costs are $16M. Costs incurred are as follows November ITD December ITD $1M $3M During December, a...
-
there are five methods for resolving conflict described in your text. Consider a time you recently had to manage conflict Did you use any of the conflict management strategies? if so, how? If not,...
-
Conflict can arise inside an organisation due to change. Each of us has encountered a shift in a work setting that led to conflict. Think back on this encounter. How would you handle the conflict as...
-
Question 1 (5 points) Willie's Hot Dogs had sales last year of $250,300 and a guest count of 76,079. Sales this year were $280,750 with a guest count of 83,556. What was Willie's guest count...
-
Linden Inc. has authorized share capital of 500,000 common shares and 100,000 preferred shares. On January 1, 2016, the balance in its shareholders equity included: 12,000 common shares valued at...
-
Outline a general process applicable to most control situations. Using this, explain how you would develop a system to control home delivery staff at a local pizza shop.
-
As part of a major renovation at the beginning of the year, Scheffers Pharmacy, Inc., sold shelving units (store fixtures) that were 10 years old for $1,800 cash. The original cost of the shelves was...
-
What are the four major subtotals or totals on the income statement?
-
Preparing a Statement of Cash Flows LAH Manufacturing Corporation is preparing the annual financial statements for the stockholders. A statement of cash flows must be prepared. The following data on...
-
Company data for dividend per share (DPS), earnings per share (EPS), share price, and price-to-earnings ratio (P/E) for the most recent five years are presented in Exhibit 10-9. In addition,...
-
The best model to use when valuing a young dividend-paying company that is just entering the growth phase is most likely the: A. Gordon growth model. B. Two-stage dividend discount model. C....
-
For the next three years, the annual dividends of a stock are expected to be 2.00, 2.10, and 2.20. The stock price is expected to be h20.00 at the end of three years. If the required rate of return...
Study smarter with the SolutionInn App