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2 years ago

A job cost sheet of Fugate Company is given below.

Business

1 answer:

Vera_Pavlovna [14]2 years ago

4 0

Answer:

A.Direct material 5,320

Direct labour 1,700

Manufacturing overhead 2,550

B. Total cost 9,570

Unit cost 6.38

C. Dr Finished goods inventory account 9,570

Cr Work in Process inventory account 9,570

Explanation:

A. Calculation for the predetemined manufacturing overhead rate

Date Direct material Direct Labour Manufacturing Overhead

5/10 1,330

12 1,120

15 550 825 825

22 480 720 720

24 1,000

27 1,870

31 670 1,005

Total 5,320 1,700 2,550

B. Calculation for the total cost and the unit cost of the completed job

Cost of Completed job :

Direct material 5,320

Direct Labour 1,700

Manufacturing Overhead 2,550

Total Cost 9,570

Unit Cost = Total Cost / Number of units

Unit cost = 9,570/1,500

Unit cost = 6.38

C.Therefore when a job is fully completed, thebFinished goods inventory account will be

debited with the correspondent credit of Work in progress account.

Journal entry

May.31

Dr Finished goods inventory account 9,570

Cr Work in Process inventory account 9,570

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Answer:

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Explanation:

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solution

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2 years ago

Job dissatisfaction is more likely to translate into ________ when employees feel or perceive they have many available alternat

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Answer:

D. turnover

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3 years ago

Garcia company has 10,000 units of its product that were produced last year at a total cost of $150,000. the units were damaged

timurjin [86]

Answer and Explanation:

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2 years ago

8. The TS Company has budgeted sales for the year as follows: Quarter 1 Quarter 2 Quarter 3 Quarter 4 Sales in units 10,000 12,0

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Answer:

Results are below.

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Purchase= 46,800 pounds

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2 years ago