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guajiro [1.7K]
3 years ago
5

In January, Dieker Company requisitions raw materials for production as follows: Job 1 $970, Job 2 $1,520, Job 3 $810, and gener

al factory use $660. During January, time tickets show that the factory labor of $7,600 was used as follows: Job 1 $2,390, Job 2 $1,730, Job 3 $1,560, and general factory use $1,920.
Prepare the job cost sheets for each of the three jobs.
Business
1 answer:
USPshnik [31]3 years ago
7 0

Answer:

Dieker Company

<u>Job Cost Sheet of </u>

                        Job1                             Job2                                   Job3

Materials        $970                            $ 1520                                 $ 810

Factory Labor  $2390                      $ 1730                                  $1560

General Factory

Indirect material  $ 660                     $ 660                                 $ 660

<u>Indirect labor      $ 1920                     $ 1920                                $ 1920</u>

<u>Total                   $ 5940                      $5830                             $  4950</u>

Cost of Job 1

Materials          $ 970

Factory Labor $ 2390

G. Factory        <u>  $ 2580</u>

Total                 $ 5940

Cost of Job 2

Materials          $ 1520

Factory Labor $ 1730

G. Factory        <u>  $ 2580</u>

Total                 $ 5830

Cost of Job 3

Materials          $ 810

Factory Labor $ 1560

G. Factory        <u>  $ 2580</u>

Total                 $ 4950

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The assets (what a business owns), liabilities (what a business owes), and capital (how much a
Sati [7]

Answer:

balance sheet

Explanation:

Businesses are required to prepare a balance sheet at the end of every financial year. The balance reports the net worth of a company. It lists all the assets and their values on one side and liabilities and equity on the side. The balance sheet follows the accounting equation to indicate the total assets on one side. It shows how the assets have been financed through liabilities and equity.

8 0
3 years ago
How would you reconcile for a bank service fee listed on the statement?
konstantin123 [22]

To reconcile for a bank service fee listed on the bank statement, <u>C. enter it</u> into your external register in the same manner as a withdrawal.

<h3>What are bank service fees?</h3>

Bank service fees are charges imposed by financial institutions on their personal and business customers for account set-up, maintenance, and minor transactional services.

During bank reconciliation, the correct procedure is to record this transaction in the books as a reduction of the bank balance.

Thus, to reconcile for a bank service fee listed on the bank statement, take Option C.

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3 0
2 years ago
The following information pertains to Obama Company's outstanding stock for the year just ended:
dem82 [27]

Answer:

45,000 shares

Explanation:

The computation of the number of shares computed for the basic earning per share is shown below:

= shares outstanding as on Jan 1 + 2 for 1 stock split as on Jan 4 + shares issued as on Jan 7

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= 20,000 shares + 20,000 shares + 5,000 shares

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3 years ago
Jeters Company reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 120 $5
HACTEHA [7]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

June 1:

Inventory: 120 units for $5= $600

June 12:

Purchase: 370units for $6= $2,220

June 23:

Purchase: 200 units for $7= $1,400

June 30:

Ending Inventory 230 units

Units sold= 460

<u>Under FIFO method, the first units-in are the first to go out. Therefore, the ending inventory has the value of the last units purchased.</u>

<u />

Inventory= 200*7 + 30*6= $1,580

COGS= 120*5 + 340*6= $2,640

<u>Under LIFO method, the lasts units-in are the first out. </u>

Inventory= 120*5 + 110*6= $1,260

COGS= 260*6 + 200*7= $2,960

<u>Under the average cost method, we calculate an average buying price and then calculate the ending inventory and cost of goods sold:</u>

<u />

Average price= (5 +6 +7)/3= 6

Inventory= 230*6= $1,380

COGS= 460*6= $2,760

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Describe the key stages in integrating total quality management into the strategy of an international petrochemical company
Julli [10]

Answer:

  • Total quality management (TQM) describes a management approach to long-term success through customer satisfaction. In a TQM effort, all members of an organization participate in improving processes, products, services, and the culture in which they work.

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