Exercise 171 A job cost sheet of Fugate Company is given below. Job Cost Sheet JOB...

Exercise 171

A job cost sheet of Fugate Company is given below.

Job Cost Sheet
JOB NO. 172				Quantity	1,500
FOR James Company				Date Completed	5/31
Date		Direct Materials	Direct Labor	Manufacturing Overhead
5/10		1,330
12		1,120
15			550	825
22			480	720
24		1,000
27		1,870
31			670	1,005

Cost of completed job:
	Direct materials
	Direct labor
	Manufacturing Overhead
Total cost
Unit cost

Answer the following questions.

What is the predetermined manufacturing overhead rate?

Predetermined overhead rate

SHOW LIST OF ACCOUNTS

What are the total cost and the unit cost of the completed job? (Round unit cost answer to 2 decimal places, e.g. 52.75.)

Total cost		$
Unit cost		$

SHOW LIST OF ACCOUNTS

Prepare the entry to record the completion of the job. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
May. 31

Click if you would like to Show Work for this question:

Open Show Work

Solutions

Expert Solution

If you like my explanation, please give a "thumbs up"

For calculation ref:

ekkarill92 answered 1 month ago

Next > < Previous

Related Solutions

1. A job cost sheet of Vaughn Company is given below. Job Cost Sheet JOB NO....

1. A job cost sheet of Vaughn Company is given below. Job Cost Sheet JOB NO. 469 Quantity 2,500 ITEM White Lion Cages Date Requested 7/2 FOR Todd Company Date Completed 7/31 Date Direct Materials Direct Labor Manufacturing Overhead 7/10 $700 12 940 15 $500 $625 22 300 375 24 1,650 27 1,510 31 500 625 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost Answer the following questions. (a)...

Exercise 15-06 (Part Level Submission) A job cost sheet of Sandoval Company is given below. Job...

Exercise 15-06 (Part Level Submission) A job cost sheet of Sandoval Company is given below. Job Cost Sheet JOB NO. 469 Quantity 2,000 ITEM White Lion Cages Date Requested 7/2 FOR Todd Company Date Completed 7/31 Date Direct Materials Direct Labor Manufacturing Overhead 7/10 700 12 900 15 400 480 22 300 360 24 1,640 27 1,560 31 700 840 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost (a) Your answer is partially correct....

Exercise 15-3 A job order cost sheet for Ryan Company is shown below. Job No. 92...

Exercise 15-3 A job order cost sheet for Ryan Company is shown below. Job No. 92 For 2,000 Units Date Direct Materials Direct Labor Manufacturing Overhead Beg. bal. Jan. 1 5,500 6,700 4,690 8 6,700 12 8,800 7,040 25 2,900 27 4,000 3,200 15,100 19,500 14,930 Cost of completed job: Direct materials $ 15,100 Direct labor 19,500 Manufacturing overhead 14,930 Total cost $ 49,530 Unit cost ($ 49,530 ÷ 2,000) $ 24.77 (a) On the basis of the foregoing data,...

A job order cost sheet for Ryan Company is shown below. Job No. 92 For 2,000...

A job order cost sheet for Ryan Company is shown below. Job No. 92 For 2,000 Units Date Direct Materials Direct Labor Manufacturing Overhead Beg. bal. Jan. 1 6,300 7,000 4,900 8 7,000 12 9,000 7,200 25 2,600 27 5,000 4,000 15,900 21,000 16,100 Cost of completed job: Direct materials $15,900 Direct labor 21,000 Manufacturing overhead 16,100 Total cost $53,000 Unit cost ($53,000 ÷ 2,000) $26.50 (a) On the basis of the foregoing data, answer the following questions. (1) What...

Create a job cost sheet on a furniture manufacturing company. Describe the flow of different cost...

Create a job cost sheet on a furniture manufacturing company. Describe the flow of different cost items.

Job Order Cost Sheet Carlin Furniture Company refinishes and reupholsters furniture. Carlin Furniture uses a job...

Job Order Cost Sheet Carlin Furniture Company refinishes and reupholsters furniture. Carlin Furniture uses a job order cost system. When a prospective customer asks for a price quote on a job, the estimated cost data are inserted on an unnumbered job cost sheet. If the offer is accepted, a number is assigned to the job, and the costs incurred are recorded in the usual manner on the job cost sheet. After the job is completed, reasons for the variances between...

A comparative balance sheet and an income statement for Burgess Company are given below: Burgess Company...

A comparative balance sheet and an income statement for Burgess Company are given below: Burgess Company Comparative Balance Sheet (dollars in millions) Ending Balance Beginning Balance Assets Current assets: Cash and cash equivalents $ 48 $ 99 Accounts receivable 730 669 Inventory 695 646 Total current assets 1,473 1,414 Property, plant, and equipment 1,595 1,565 Less accumulated depreciation 824 678 Net property,plant, and equipment 771 887 Total assets $ 2,244 $ 2,301 Liabilities and Stockholders' Equity Current liabilities: Accounts payable...

A comparative balance sheet and an income statement for Burgess Company are given below: Burgess Company...

A comparative balance sheet and an income statement for Burgess Company are given below: Burgess Company Comparative Balance Sheet (dollars in millions) Ending Balance Beginning Balance Assets Current assets: Cash and cash equivalents $ 69 $ 141 Accounts receivable 940 858 Inventory 800 730 Total current assets 1,809 1,729 Property, plant, and equipment 1,805 1,754 Less accumulated depreciation 950 741 Net property,plant, and equipment 855 1,013 Total assets $ 2,664 $ 2,742 Liabilities and Stockholders' Equity Current liabilities: Accounts payable...

A comparative balance sheet and an income statement for Burgess Company are given below: Burgess Company...

A comparative balance sheet and an income statement for Burgess Company are given below: Burgess Company Comparative Balance Sheet (dollars in millions) Ending Balance Beginning Balance Assets Current assets: Cash and cash equivalents $ 49 $ 79 Accounts receivable 645 580 Inventory 660 615 Total current assets 1,354 1,274 Property, plant, and equipment 1,515 1,466 Less accumulated depreciation 765 641 Net property, plant, and equipment 750 825 Total assets $ 2,104 $ 2,099 Liabilities and Stockholders' Equity Current liabilities: Accounts...

A comparative balance sheet and an income statement for Burgess Company are given below: Burgess Company...

A comparative balance sheet and an income statement for Burgess Company are given below: Burgess Company Comparative Balance Sheet (dollars in millions) Ending Balance Beginning Balance Assets Current assets: Cash and cash equivalents $ 46 $ 95 Accounts receivable 710 651 Inventory 685 638 Total current assets 1,441 1,384 Property, plant, and equipment 1,575 1,547 Less accumulated depreciation 812 672 Net property, plant, and equipment 763 875 Total assets $ 2,204 $ 2,259 Liabilities and Stockholders' Equity Current liabilities: Accounts...

Subjects