subject
Business, 20.03.2021 02:00 tobyhollingsworth178

The following selected data were taken from the books of the Bixby Box Company. The company uses job costing to account for manufacturing costs. The data relate to June operations. A) Materials and supplies were requisitioned from the stores clerk as follows:

Job 405, material X, $12,500.
Job 406, material X, $5,250; material Y, $10,750.
Job 407, material X, $12,500; material Y, $5,750.
For general factory use: materials A, B, and C, $4,000.

B) Time tickets for the month were chargeable as follows:

Job 405$19,750 5,200 hours
Job 406$25,000 5,800 hours
Job 407$14,250 3,500 hours
Indirect labor$ 6,250

C) Other information:

Factory paychecks for $65,250 were issued during the month.
Various factory overhead charges of $32,625 were incurred on account.
Depreciation of factory equipment for the month was $6,500.
Factory overhead was applied to jobs at the rate of $3.25 per direct labor hour.
Job orders completed during the month: Job 405 and Job 406.
Selling and administrative costs were $3,750.
Factory overhead is closed out only at the end of the year.

The balance in the factory overhead account would represent the fact that overhead was:
A. $6,000 underapplied.
B. $3,750 overapplied.
C. $4,250 overapplied.
D. $2,250 underapplied.

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 21.06.2019 18:20, shelbyhood8329
Write two goals for yourself that will aid you in pursuing your post-secondary education or training. with this
Answers: 1
image
Business, 22.06.2019 17:10, suxy16
Calculate riverside’s financial ratios for 2014. assume that riverside had $1,000,000 in lease payments and $1,400,000 in debt principal repayments in 2014. (hint: use the book discussion to identify the applicable ratios.)
Answers: 3
image
Business, 22.06.2019 18:30, savannahvargas512
Which of these is an example of innovation?
Answers: 2
image
Business, 22.06.2019 19:40, madisynk78
Adistinguishing feature of ecological economics is the concept of cost-benefit analysis steady-state economies that, like natural systems, neither grow nor shrink environmental damage and also environmental benefits are external greenwashing to increase public acceptance of products the only healthy economy is one that is growing
Answers: 1
You know the right answer?
The following selected data were taken from the books of the Bixby Box Company. The company uses job...

Questions in other subjects: