Business, 21.02.2020 23:52 CodyJ4503

Old School Publishing Inc. began printing operations on January 1. Jobs 301 and 302 were completed during the month, and all costs applicable to them were recorded on the related cost sheets. Jobs 303 and 304 are still in process at the end of the month, and all applicable costs except factory overhead have been recorded on the related cost sheets. In addition to the materials and labor charged directly to the jobs, $8,000 of indirect materials and $12,400 of indirect labor were used during the month. The cost sheets for the four jobs entering production during the month are as follows, in summary form:Job 301Direct materials $10,000Direct labor 8,000Factory overhead 6,000Total $24,000Job 302Direct materials $20,000Direct labor 17,000Factory overhead 12,750Total $49,750Job 303Direct materials $24,000Direct labor 18,000Factory overhead —Job 304
Direct materials $14,000Direct labor 12,000Factory overhead —Required:Journalize the Jan. 31 summary entries to record each of the following operations for January (one entry for each operation). Refer to the Chart of Accounts for exact wording of account titles. A. Direct and indirect materials used. B. Direct and indirect labor used. C. Factory overhead applied to all four jobs (a single overhead rate is used based on direct labor cost).D. Completion of Jobs 301 and 302.

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 01:10

Suppose someone wants to sell a piece of land for cash. the selling of a piece of land represents turning econ

Answers: 3

Answer

Business, 22.06.2019 02:30

Consider the local telephone company, a natural monopoly. the following graph shows the monthly demand curve for phone services and the companyâ€™s marginal revenue (mr), marginal cost (mc), and average total cost (atc) curves. 0 2 4 6 8 10 12 14 16 18 20 100 90 80 70 60 50 40 30 20 10 0 price (dollars per subscription) quantity (thousands of subscriptions) d mr mc atc 8, 60 suppose that the government has decided not to regulate this industry, and the firm is free to maximize profits, without constraints. complete the first row of the following table. pricing mechanism short run long-run decision quantity price profit (subscriptions) (dollars per subscription) profit maximization marginal-cost pricing average-cost pricing suppose that the government forces the monopolist to set the price equal to marginal cost. complete the second row of the previous table. suppose that the government forces the monopolist to set the price equal to average total cost. complete the third row of the previous table. under average-cost pricing, the government will raise the price of output whenever a firmâ€™s costs increase, and lower the price whenever a firmâ€™s costs decrease. over time, under the average-cost pricing policy, what will the local telephone company most likely do

Answers: 2

Answer

Business, 22.06.2019 08:30

What has caroline's payment history been like? support your answer with two examples

Answers: 3

Answer

Business, 22.06.2019 18:00

David paid $975,000 for two beachfront lots in coastal south carolina, with the intention of building residential homes on each. two years later, the south carolina legislature passed the beachfront management act, barring any further development of the coast, including david's lots. when david files a complaint to seek compensation for his property, south carolina refuses, pointing to a passage in david's own complaint that states "the beachfront management act [was] properly and validly designed to south carolina's " is south carolina required to compensate david under the takings clause?

Answers: 1

Answer

You know the right answer?

Old School Publishing Inc. began printing operations on January 1. Jobs 301 and 302 were completed d...

Questions