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Kaylis [27]
3 years ago
14

Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $3,200 of dir

ect materials and used $4,700 of direct labor. The job was not finished by the end of September, but needed an additional $3,700 of direct materials in October and additional direct labor of $7,200 to finish the job. The company applies overhead at the end of each month at a rate of 150% of the direct labor cost. What is the amount of job costs added to Work in Process Inventory during October
Business
1 answer:
maw [93]3 years ago
7 0

Answer:

Total job Costs added to Work In Process in October=$ 21, 700

Explanation:

Jaycee Corporation

Direct Materials requisitioned $3,200

Direct labor $4,700  

Over head = 150% 0f $ 4700= $ 7050

Total Costs Added During September = $ 3,200+ $ 4,700+ $ 7050= $ 14950

Costs Added During October

Direct Materials $3,700

Direct labor $7,200  

Overhead = 150 % 0f $ 7,200 = $ 10,800

Total job Costs added to Work In Process in October= $ 3,700+ $ 7,200 + $10,800= $ 21, 700

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assume a company uses the weighted average method in its processing costing august 1 balance 62000 and materials 310,000 consist
gayaneshka [121]

Answer:

see explanation

Explanation:

<em>Hi, your question is incomplete, I tried to look for it online but I could not find it. Here is an explanation on the steps to solve the problem.</em>

Step 1 : Determine the Total Materials Cost

Total Materials Cost

Opening WIP cost                                      $310,000

Costs added during the period                  $40500

Total                                                           $350,500

Step 2 : Total Equivalent units for materials

Equivalent units for materials = Completed units + Equivalent units in ending work in process inventory.

Step 3 : Unit equivalent cost for materials

Unit equivalent cost = Total Cost ÷ Total equivalent units

Step 4 : ending work in process inventory cost

Ending work in process inventory = Unit equivalent cost x equivalent units in ending work in process with respect to materials

6 0
2 years ago
Beau Corporation sells a unit of its product for​ $250 per​ unit, while its variable costs per unit are​ $75. Fixed cost are bud
wolverine [178]

Answer:

Number of units that must be sold to earn the target profit is 3000 units.

The contribution margin ratio is 0.70

Explanation:

We will use the break even analysis modified for target profit to calculate the number of units needed to earn the desired

The break even point in units is calculated by dividing the fixed cost by the contribution margin per unit. To calculate the number of units required to earn the desired profit, we add the desired profit to fixed cost and divide it by the contribution margin per unit.

Contribution margin per unit = 250 - 75  =  $175

Number of units required to earn target profit = (325000 + 200000) / 175

Number of units required to earn target profit = 3000 units

The contribution margin ratio is = 175 / 250   =  0.7 or 70%

Dollar Sales required to earn target profit = $4,812,500

8 0
3 years ago
The three goals of sustainable development that include economic, environmental, and ethical sustainability are referred to as t
kiruha [24]

Answer:

The three main pillar of sustainability

Explanation:

Sustainability is fulfilling the present needs without compromising the needs of the future generation.

The three main pillars of sustainability include economic, environmental and social.

Economic pillar of sustainability - it is referred to that strategy that focuses is to use economic resources in a sustainable.

Environmental pillar of sustainable - it is focused on the use of such thing that lower the impact of facilities on the environment

Social Pillar of sustainable - is work on training programs to fulfill the needs of individuals according to the group.

3 0
3 years ago
Read 2 more answers
n the context of the strategies for selecting target markets, which of the following is a disadvantage of undifferentiated targe
algol [13]

Answer:

The correct answer is  b. It makes a company more susceptible to competitive inroads.

Explanation:

Market segmentation is essential to know how is the public that makes up the market in which we are. There are a number of advantages and disadvantages of market segmentation that you should keep in mind, before venturing into such a study for your company.

Errors when establishing the segment

The first and main disadvantage of including market segmentation techniques is the wrong selection of a segment.

Keep in mind that if the company chooses a wrong market fraction, too small or irrelevant for the company's business, then the business will find it difficult to market its product.

Commercial Saturation Issues

Another drawback derived from this strategy is to enter a market segment in which there is strong competition and saturation. When we are about to create a company or product we must take into account the development possibilities we have in that market.

3 0
3 years ago
Assume that direct labor is a variable cost. The special order would have no effect on the company's total fixed manufacturing o
Tatiana [17]

Answer:

$5,370

Explanation:

Missing word: <em>"A customer has requested that Lewelling Corporation fill a special order for 2,100 units of product S47 for $26 a unit. While the product would be modified slightly for the special order, product S47's normal unit product cost is $19.20:</em>

<em>Direct materials $5.70, Direct labor 3.00, Variable manufacturing overhead 2.80, Fixed manufacturing overhead 7.70, Unit product cost $19.20"</em>

<em />

Incremental analysis

Incremental revenue (2100*26)                                   $54,600

<u>Incremental cost</u>

Direct material (2100*$5.7)                       $11,970

Direct labor (2,100*$3)                              $6,300

Variable manuf. overhead (2,100*$80)    $5,880  

Additional cost (2100*$2.00)                    $4,200

Special molds                                            $15,000

Total incremental cost                                                  <u>$49,230</u>

Incremental profit (loss)                                              <u>$5,370 </u>

The annual financial advantage (disadvantage) for the company as a result of accepting this special order should be $5,370.

5 0
3 years ago
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