subject
Business, 02.03.2020 23:54 afarra4515

General Electric employs a job order cost accounting system and keeps perpetual inventory records. The following transactions occurred in the first month of operations: (20 pts)

1. Direct materials requisitioned during the month:

Job 101 $20,000
Job 102 16,000
Job 103 24,000
$60,000

2. Direct labor incurred and charged to jobs during the month was:

Job 101 $32,000
Job 102 28,000
Job 103 20,000
$80,000

3. Manufacturing overhead was applied to jobs worked on using a predetermined overhead rate based on 75% of direct labor costs.

4. Actual manufacturing overhead costs incurred during the month amounted to $66,000.

5. Job 101 consisting of 1,000 units and Job 103 consisting of 200 units were completed during the month.

Instructions

How much manufacturing overhead was applied to Job 103 during the month?
Compute the unit cost of Jobs 101 and 103.

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 07:50, kristinaholahan
Budget in this final week, you will develop a proposed budget of $150,000 for the first year of the program and complete the final concept paper for the proposed program due for senior management review. the budget should identify the program's anticipated expenses for the year ahead. budget line items should be consistent with the proposed program and staffing plan. using the readings for the week, the south university online library, and the internet, complete the following tasks: create a proposed budget of $150,000 for the first year of the proposed program including the cost for personnel, supplies, education materials, marketing costs, and so on in a microsoft excel spreadsheet. you may transfer your budget to your report. justify the cost for each item of the proposed budget in a budget narrative.
Answers: 2
image
Business, 22.06.2019 08:10, rleiphart1
Bakery has bought 250 pounds of muffin dough. they want to make waffles or muffins in half-dozen packs out of it. half a dozen of muffins requires 1 lb of dough and a pack of waffles uses 3/4 lb of dough. it take bakers 6 minutes to make a half-dozen of waffles and 3 minutes to make a half-dozen of muffins. their profit will be $1.50 on each pack of waffles and $2.00 on each pack of muffins. how many of each should they make to maximize profit, if they have just 20 hours to do everything?
Answers: 3
image
Business, 22.06.2019 09:30, bubbagumpshrimpboy
When you hire an independent contractor you don't have to pay the contractors what
Answers: 3
image
Business, 22.06.2019 20:40, AliTop232
The largest elements of community corrections are
Answers: 1
You know the right answer?
General Electric employs a job order cost accounting system and keeps perpetual inventory records. T...

Questions in other subjects: