Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 432 Weeks Ago, 2 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 15 Aug 2017 My Price 13.00

Jorgensen Corporation

*P11-6A Jorgensen Corporation uses standard costs with its job order cost accounting system. In January, an order (Job No. 12) for 1,900 units of Product B was received. The standard cost of one unit of Product B is as  follows.

 

Direct materials

3 pounds at $1.00 per pound

$  3.00

Direct labor

1 hour at $8.00 per hour

8.00

Overhead

2 hours (variable $4.00 per machine hour;

 

 

fixed $2.25 per machine hour)

12.50

Standard cost per unit

 

$23.50

Normal capacity for the month was 4,200 machine hours. During January, the following transactions applicable to Job No. 12  occurred.

1.  Purchased 6,200 pounds of raw materials on account at $1.05 per pound.

2.  Requisitioned 6,200 pounds of raw materials for Job No. 12.

3.  Incurred 2,000 hours of direct labor at a rate of $7.80 per hour.

4.  Worked 2,000 hours of direct labor on Job No. 12.

5.  Incurred manufacturing overhead on account $25,000.

6.  Applied overhead to Job No. 12 on basis of standard machine hours allowed.

7.  Completed Job No. 12.

8.  Billed customer for Job No. 12 at a selling price of $65,000.

Instructions

(a) Journalize the transactions.

(b)   Post to the job order cost accounts.

 

 

 

(c)   Prepare the entry to recognize the total overhead variance.

(d)  Prepare the January 2014 income statement for management. Assume selling and administrative expenses were $2,000.

Answers

Maurice Tutor
(5)
Status NEW Posted 15 Aug 2017 08:08 AM My Price 13.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll

Not Rated(0)