Question Details

Answered: - Job Order Cost Problem (This project is worth 5% of your


Need some help with an accounting question. I attached the question.


Job Order Cost Problem

 

(This project is worth 5% of your grade.)

 

Directions:

 

After reading the scenario, complete the task below the scenario.

 

Scenario:

 

Just4U Company uses a job order cost system. The following data summarize the

 

operations related to production for the month of January 20xx.

 

a) Materials purchased on account:

 


 

$150,000

 


 

b) Materials requisitioned and Factory labor used:

 

JOB ORDER

 

601

 

602

 

603

 

604

 

605

 

General Factory Use

 


 

MATERIALS

 

$32,400

 

$21,300

 

$28,400

 

$26,308

 

$31,225

 

$5,300

 


 

LABOR

 

$19,300

 

$15,200

 

$17,500

 

$16,395

 

$18,422

 

$32,400

 


 

c) Factory overhead costs incurred on account:

 


 

$34,500

 


 

d) Depreciation of machinery and equipment:

 


 

$5,100

 


 

e) The factory overhead rate is $50 per machine hour.

 

Job Order

 

601

 

602

 

603

 

604

 

605

 


 

f) Jobs completed:

 


 

Machine Hours Used

 

320

 

225

 

300

 

285

 

312

 


 

#601, #603, #605

 


 

g) Jobs shipped and billed: #601: $113,200, #605: $88,350

 

Task:

 

Prepare the proper t-accounts and show all balances and DETERMINE GROSS PROFIT.

 


 

 


Solution details:
STATUS
Answered
QUALITY
Approved
ANSWER RATING

This question was answered on: Oct 07, 2020

PRICE: $15

Solution~0002229251.zip (25.37 KB)

Buy this answer for only: $15

This attachment is locked

We have a ready expert answer for this paper which you can use for in-depth understanding, research editing or paraphrasing. You can buy it or order for a fresh, original and plagiarism-free copy (Deadline assured. Flexible pricing. TurnItIn Report provided)

Pay using PayPal (No PayPal account Required) or your credit card . All your purchases are securely protected by .
SiteLock

About this Question

STATUS

Answered

QUALITY

Approved

DATE ANSWERED

Oct 07, 2020

EXPERT

Tutor

ANSWER RATING

GET INSTANT HELP/h4>

We have top-notch tutors who can do your essay/homework for you at a reasonable cost and then you can simply use that essay as a template to build your own arguments.

You can also use these solutions:

  • As a reference for in-depth understanding of the subject.
  • As a source of ideas / reasoning for your own research (if properly referenced)
  • For editing and paraphrasing (check your institution's definition of plagiarism and recommended paraphrase).
This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student.

NEW ASSIGNMENT HELP?

Order New Solution. Quick Turnaround

Click on the button below in order to Order for a New, Original and High-Quality Essay Solutions. New orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.

WE GUARANTEE, THAT YOUR PAPER WILL BE WRITTEN FROM SCRATCH AND WITHIN YOUR SET DEADLINE.

Order Now