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Nezavi [6.7K]
2 years ago
5

Kapanga Manufacturing Corporation uses a job-order costing system and started the month of October with a zero balance in its wo

rk in process and finished goods inventory accounts. During October, Kapanga worked on three jobs and incurred the following direct costs on those jobs: Job B18 Job B19 Job C11 Direct materials $ 12,000 $ 25,000 $ 18,000 Direct labor $ 8,000 $ 10,000 $ 5,000 Kapanga applies manufacturing overhead at a rate of 150% of direct labor cost. During October, Kapanga completed Jobs B18 and B19 and sold Job B19. What is Kapanga's work in process inventory balance at the end of October?
Business
1 answer:
MakcuM [25]2 years ago
4 0

Answer:

$30,500

Explanation:

The computation of Kapanga's work in process inventory balance at the end of October is shown below:-

Variable Overheads = 150% × $5,000

= $75,000

So,

Work In Process = Direct Material + Direct Labor + Variable Overheads

= $ 18,000 + $ 5,000 + $ 7,500 = $ 30,5000

= $30,500

So, we have applied the above formula.

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Answer:

Journal Entry for disposal (or) sale of Truck

Explanation:

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7 0
3 years ago
Production records show that there were 440 units in the beginning inventory, 30% complete, 1,440 units started, and 1,600 units
Nimfa-mama [501]

Answer and Explanation:

The computation is shown below:

a. The number of units processed is

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= 440 units + 1,440 units - 1,600 units

= 280 units

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= Total cost ÷ equivalent units

where,

Total cost is

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= $8,830

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= Units transferred out + ending work in process

= 1,600 + 280

= 1,880

So, the material cost per unit is

= $8,830 ÷ 1,880 units

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= Total cost ÷ equivalent units

where,

Total cost is

= Opening work in process + labor cost + overhead cost

= $1,720 + $4,800 + $1,300

= $7,820

And, the equivalent units is

= Units transferred out + ending work in process × completion percentage

= 1,600 + 280 × 40%

= 1,712

So, the material cost per unit is

= $7,820 ÷ 1,712 units

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Will and Bill both enjoy sunshine, water, and surfboards. Thus, the two friends decided to create a business together renting su
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2 years ago
Read 2 more answers
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Answer:

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