Question: Please post so that half the answer isnt cut off. thanks! Predetermined Overhead Rate, Application of Overhead to Jobs, Job Cost, Unit Cost On August

Predetermined Overhead Rate, Application of Overhead to Jobs, Job Cost, Unit Cost On August 1, Cairle Company's work-in-process inventory consisted of three jobs with the following costs: During August, four more jobs were started. Information on costs added to the severn jobs durng the month is as follows? Before the end of August Jobs 70,72,73, and 75 were completed. On Aupust 91 , Jobs 72 and 75 were bold. 1. Calculate the predetermined overhead rate based on direct labor cost. % of direct labor cost. 2. Calculate the ending balance for each job as of August 31. 3. Calculate the ending balance of Work in Process as of August 31. 4. Calculate the cost of goods sold for Rugust. 5. Assuming that Cairie pnces its jobs at cost plus 20 percont, ca tulate Cairie's vales revenue for August
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
