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: 431 Weeks Ago, 4 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 > Management Posted 07 Feb 2018 My Price 8.00

order costing system

 

 

Crenshaw uses a job order costing system to account for projects. It applies manufacturing over- head to jobs on the basis of direct labor hours and pays its direct labor workers $25 per hour. The following relates to activity for the month of December:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

a.     

Manufacturing overhead budgeted (estimated on December 1)  . . . . . . . . . . .

$133,000

Budgeted driver activity (DLH) (estimated on December 1)   . . . . . . . . . . . . . .

1,900 DLH

Direct materials purchased in December . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$125,000

Direct materials used in December  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

100,000

Actual direct labor costs in December  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

50,000

Actual manufacturing overhead in December  . . . . . . . . . . . . . . . . . . . . . . . . .

150,000

Cost of jobs completed in December . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

275,000

Revenue earned in December . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

600,000

Cost of goods sold in December (prior to adjusting for overhead) . . . . . . . . . .

325,000

Selling and administrative costs in December . . . . . . . . . . . . . . . . . . . . . . . . .

250,000

Materials Inventory, December 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

20,000

Work in Process Inventory, December 1  . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

75,000

Finished Goods Inventory, December 1   . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

105,000

 
 

Record the purchase of direct materials in December. Assume all purchases are made on account.

b.       Record the cost of direct materials applied to jobs in December.

 

c.       Record the cost of direct labor applied to jobs in December.

 

d.       Record the actual cost of manufacturing overhead incurred in December. Assume all overhead costs were paid in cash.

 

e.       Record the cost of manufacturing overhead applied to jobs in December.

 

f.      Record revenue and the related cost of jobs sold in December. Assume all sales are made on account.

 

g.      Record December selling and administrative costs. Assume all selling and administrative costs were paid in cash.

 

h.       Close the Manufacturing Overhead account directly to Cost of Goods Sold on December 31.

 

i.       Compute the company’s December income. Ignore taxes.

 

 

 

Answers

Maurice Tutor
(5)
Status NEW Posted 07 Feb 2018 10:02 PM My Price 8.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------acq-----------uis-----------iti-----------on -----------of -----------my -----------pos-----------ted----------- so-----------lut-----------ion-----------.Pl-----------eas-----------e p-----------ing----------- me----------- on-----------cha-----------t I----------- am----------- on-----------lin-----------e o-----------r i-----------nbo-----------x m-----------e a----------- me-----------ssa-----------ge -----------I w-----------ill----------- be-----------

Not Rated(0)
Relevent Questions