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3 years ago

LO 4.2Which document shows the cost of direct materials, direct labor, and overhead applied for each specific job?

Business

1 answer:

SIZIF [17.4K]3 years ago

6 0

Answer: Job cost sheet

Explanation: A Job cost sheet is a document used to record manufacturing costs and is is used to compute and allocate costs to products and services.

A Job cost sheet is not only used to charge cost to jobs but is also a part of the company’s accounting record as it contains all information about a job in process and it is prepared for each individual job to be manufactured.

Information detailed on a job cost sheet includes the department, Item, cost of direct materials, cost of direct labour, other manufacturing overhead costs, Total Costs and costs per unit produced.

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Soundgarden Company sold 200 color laser copiers on July 10, 2020, for $4,000 apiece, together with a 1-year warranty. Maintenan

tester [92]

Answer:

Explanation: Journal Entries for the sale.

DR: Bank/Cash. $800,000

CR: Sales. $783,000

CR: Warranty on sales. $17,000

Being sales of 200 color printers at $4,000 per piece.

DR: warranty expense. $330

CR: Warrant on sales. $330

Being actual expense incurred on warranty for year 2020

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3 years ago

Read 2 more answers

What’s the cost of consumer credit

Ksju [112]

The additional amount over the amount borrowed that the consumer must repay. This includes fees, interest, and other charges.

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4 years ago

Compare Mr. Leeson's frequent career moves with that of a Japanese employee with a lifetime corporate loyalty. Comment on the ad

ivann1987 [24]

Answer:

The pros and Cons of Mr. Leeson's frequent career and the Japanese employee with a lifetime corporate loyalty can be summarized as follows:

Explanation:

Frequent career moves also known as Job hopping was initially viewed as a negative behavior that doesn't portray loyalty while Lifetime employment in one establishment seemed commendable.

However, in recent times, studies has shown that the premise above is not true. There are pros and cons for each of them.

PROS

Frequent career change promotes acquiring new skills, experiences and competences to handle complex tasks and lifetime corporate loyalty encourages specialization in one field.
Frequent Career Change fosters swift career development and advancement while lifetime corporate loyalty promotes internal advancement opportunities and promotional offers

CONS

Frequent career change does not portray a good image before employers and human resource experts, It can be viewed as poor work ethic while Lifetime corporate loyalty causes complacency and inhibits acquisition of career advancement skills.

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4 years ago

Sydney Retailing (buyer) and Troy Wholesalers (seller) enter into the following transactions.

Naily [24]

Answer:

Buyer

May 11 Dr Merchandise inventory 25,000

Cr Account payable 25,000

Dr Merchandise inventory 410

Cr Cash 410

May 12 Dr Account payable 1400

Cr Merchandise inventory 1400

May 20 Dr Account payable 23,600

Cash 22,892

Dr Merchandise inventory 708

(Seller)

May 11 Dr Account receivable 25,000

Cr Sales revenue 25,000

Dr Cost of goods sold 16,750

Cr Merchandise inventory 16,750

May 12 Dr Sales return and allowance 1400

Cr Account receivable 1400

Dr Merchandise inventory 938

Cr Cost of goods sold 938

May 20 Dr Cash 22,892

Dr Sales discount 708

Cr Account receivable 23,600

Explanation:

Preparation of the Journal entry for Buyer

May 11 Dr Merchandise inventory 25,000

Cr Account payable 25,000

Dr Merchandise inventory 410

Cr Cash 410

May 12 Dr Account payable 1400

Cr Merchandise inventory 1400

May 20 Dr Account payable (25,000-1400) 23,600

Cash (23,600*97%) 22,892

Dr Merchandise inventory 708

(23,600*3%)

Preparation of Journal entry (Seller)

May 11 Dr Account receivable 25,000

Cr Sales revenue 25,000

Dr Cost of goods sold 16,750

Cr Merchandise inventory 16,750

May 12 Dr Sales return and allowance 1400

Cr Account receivable 1400

Dr Merchandise inventory 938

Cr Cost of goods sold 938

May 20 Dr Cash 22,892

[(25,000-14000)*97%]

Dr Sales discount 708

[(25,000-14000)*3%]

Cr Account receivable 23,600

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3 years ago

In the employment history section of a résumé,

MA_775_DIABLO [31]

Answer:

In the employment history section of a résumé,

how the information should be organized is:

-list the most recent job first

Explanation:

The above list is the preferred method of listing jobs in the employment history section of a resume. Following this are jobs performed preciously. The essence is to present the most recent jobs so that a candidate's qualification can be assessed for employment using relevant information and the candidate's recent job experiences. The job history section should list accomplishments which address the job requirements and not job descriptions. This makes the resume to become effective as a tool for landing a new job.

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4 years ago