pter 3 Quiz Questo t K question: 1 point(s) possible Submit qui: Pro Tire manufactures tires...
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pter 3 Quiz Questo t K question: 1 point(s) possible Submit qui: Pro Tire manufactures tires for all-terrain vehicles. Pro uses job costing and has a perpetual inventory system. On June 22, Pro received an order for 180 TX tires from Corporation at a price of $100 each. The job, assigned number 298, was promised fo July 10. After purchasing the materials, Pro began production on June 30 and incurre the following direct labor and direct materials costs in completing the order: (Click the icon to view the costs.) Pro allocates manufacturing overhead to jobs on the basis of the relation between expected overhead costs ($546,000) and expected direct labor hours (21,000). Job 2 was completed on July 3 and shipped to ATV on July 5. Read the requirements. Data table Labor Time Date Record No. Description Amount 6/30 1896 12 hours at $18 $ 216 7/3 1904 30 hours at $14 $ 420 Date Materials Requisition No. Description Amount 6/30 437 60 lbs. rubber at $10 $ 600 7/2 439 40 meters polyester fabric at $16 89 640 7/3 501 100 meters steel cord at $8 $ 800 Print Done overhead to t overhead rat ermined over rate nd allocated the dates in ording to date ter a zero.) d 7-3 g Overhead ated Labor Time Requisition Record Date Number Amount Number Amount Date Rate Amour ter 3 Quiz K L Question 1 of 3 > This quiz: 3 point(s) possible This question: 1 point(s) possible Pro Tire manufactures tires for all-terrain vehicles. Pro uses job costing perpetual inventory system. On June 22, Pro received an order for 180 Corporation at a price of $100 each. The job, assigned number 298, w July 10. After purchasing the materials, Pro began production on June the following direct labor and direct materials costs in completing the (Click the icon to view the costs.) Pro allocates manufacturing overhead to jobs on the basis of the rela expected overhead costs ($546,000) and expected direct labor hours was completed on July 3 and shipped to ATV on July 5. Read the requirements. Requirements 1. Prepare a job cost record for Job 298. 2. Calculate the total profit and the per-unit profit for Job 298. Print Done Job No. 298 - X turi mi E. Pre b V K > Question 1 of 3 poms possible > This question: 1 Submit quiz point(s) possible Pro Tire manufactures tires for all-terrain vehicles. Pro uses job costing and has a Requirement 1. Prepare a job cost record for Job 298. Calculate the predetermined overhead rate, then apply manufacturing overhead to the job. Begin by identifying the formula and computing the predetermined overhead rate. + Predetermined overhead rate per hour Complete the job cost record in order of direct materials, direct labor, and allocated manufacturing overhead. Then prepare the overall cost summary. (List the dates in chronological order. Enter the labor time records in the correct row according to date. If an input field is not used in the table, leave the input field empty; do not enter a zero.) Job Cost Record Job No. 298 Customer Name Job Description ATV Corporation 180 TX tires Date Promised 7- 10 Date Started 6-30 Date Completed 7-3 Direct Materials Direct Labor Manufacturing Overhead Allocated Labor Time Requisition Record Date Number Amount Number Amount Date Rate Amount 20XX per direct labor hr. Overall Cost Summary Direct Materials K point(s) possible Pro Tire manufactures tires for all-terrain vehicles. Pro uses job costing and has a Job No. 298 Customer Name ATV Corporation Job Description Date Promised 7- 180 TX tires 10 Date Started 6-30 Date Completed 7-3 Direct Materials Direct Labor Labor Time Requisition Record Date Number Amount Number Amount 20XX Manufacturing Overhead Allocated Date Rate Amount per direct labor hr. Overall Cost Summary Direct Materials Direct Labor Manufacturing Overhead Allocated Total Job Cost Totals Requirement 2. Calculate the total profit and the per-unit profit for Job 298. (Round your answer to two decimal places.) Sales Less: Cost of job Total profit on job Number of tires Per-unit profit Job 298 pter 3 Quiz Questo t K question: 1 point(s) possible Submit qui: Pro Tire manufactures tires for all-terrain vehicles. Pro uses job costing and has a perpetual inventory system. On June 22, Pro received an order for 180 TX tires from Corporation at a price of $100 each. The job, assigned number 298, was promised fo July 10. After purchasing the materials, Pro began production on June 30 and incurre the following direct labor and direct materials costs in completing the order: (Click the icon to view the costs.) Pro allocates manufacturing overhead to jobs on the basis of the relation between expected overhead costs ($546,000) and expected direct labor hours (21,000). Job 2 was completed on July 3 and shipped to ATV on July 5. Read the requirements. Data table Labor Time Date Record No. Description Amount 6/30 1896 12 hours at $18 $ 216 7/3 1904 30 hours at $14 $ 420 Date Materials Requisition No. Description Amount 6/30 437 60 lbs. rubber at $10 $ 600 7/2 439 40 meters polyester fabric at $16 89 640 7/3 501 100 meters steel cord at $8 $ 800 Print Done overhead to t overhead rat ermined over rate nd allocated the dates in ording to date ter a zero.) d 7-3 g Overhead ated Labor Time Requisition Record Date Number Amount Number Amount Date Rate Amour ter 3 Quiz K L Question 1 of 3 > This quiz: 3 point(s) possible This question: 1 point(s) possible Pro Tire manufactures tires for all-terrain vehicles. Pro uses job costing perpetual inventory system. On June 22, Pro received an order for 180 Corporation at a price of $100 each. The job, assigned number 298, w July 10. After purchasing the materials, Pro began production on June the following direct labor and direct materials costs in completing the (Click the icon to view the costs.) Pro allocates manufacturing overhead to jobs on the basis of the rela expected overhead costs ($546,000) and expected direct labor hours was completed on July 3 and shipped to ATV on July 5. Read the requirements. Requirements 1. Prepare a job cost record for Job 298. 2. Calculate the total profit and the per-unit profit for Job 298. Print Done Job No. 298 - X turi mi E. Pre b V K > Question 1 of 3 poms possible > This question: 1 Submit quiz point(s) possible Pro Tire manufactures tires for all-terrain vehicles. Pro uses job costing and has a Requirement 1. Prepare a job cost record for Job 298. Calculate the predetermined overhead rate, then apply manufacturing overhead to the job. Begin by identifying the formula and computing the predetermined overhead rate. + Predetermined overhead rate per hour Complete the job cost record in order of direct materials, direct labor, and allocated manufacturing overhead. Then prepare the overall cost summary. (List the dates in chronological order. Enter the labor time records in the correct row according to date. If an input field is not used in the table, leave the input field empty; do not enter a zero.) Job Cost Record Job No. 298 Customer Name Job Description ATV Corporation 180 TX tires Date Promised 7- 10 Date Started 6-30 Date Completed 7-3 Direct Materials Direct Labor Manufacturing Overhead Allocated Labor Time Requisition Record Date Number Amount Number Amount Date Rate Amount 20XX per direct labor hr. Overall Cost Summary Direct Materials K point(s) possible Pro Tire manufactures tires for all-terrain vehicles. Pro uses job costing and has a Job No. 298 Customer Name ATV Corporation Job Description Date Promised 7- 180 TX tires 10 Date Started 6-30 Date Completed 7-3 Direct Materials Direct Labor Labor Time Requisition Record Date Number Amount Number Amount 20XX Manufacturing Overhead Allocated Date Rate Amount per direct labor hr. Overall Cost Summary Direct Materials Direct Labor Manufacturing Overhead Allocated Total Job Cost Totals Requirement 2. Calculate the total profit and the per-unit profit for Job 298. (Round your answer to two decimal places.) Sales Less: Cost of job Total profit on job Number of tires Per-unit profit Job 298
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