Homework Answers
Solution:
Total cost of the Job = 20000 + 80000 + 10000 = 110,000
Units in ending finished goods on hand = 8000-6000 = 2000 units
Cost of finished goods on hand = Total cost / total units * Units in ending finished goods on hand
= $110000/ 8000* 2000
= $27,500
Hence third option is correct.
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Current Attempt in Progress The following information is available for completed Job No. 402: Direct materials....
the cost of the finished goods on hand from this job is? View Policies Current Attempt...
the cost of the finished goods on hand from this job is?
View Policies Current Attempt in Progress The following information is available for completed Job No. 402: Direct materials, $20000; direct labor, $80000; manufacturing overhead applied, $10000; units produced, 8000 units; units sold, 6000 units. The cost of the finished goods on hand from this job is $82500. $25000 $110000. $27500 Save for Later
--/1 Question 32 View Policies Current Attempt in Progress The following information is available for completed...
--/1 Question 32 View Policies Current Attempt in Progress The following information is available for completed Job No. 402: Direct materials, $220000; direct labor, $280000; manufacturing overhead applied, $210000; units produced, 5000 units; units sold, 3000 units. The cost of the finished goods on hand from this job is $426000 $710000. $200000. $284000. Save for Later Attempts: 0 of 1 used 1 used Submit Answer Sulimit Answer Send to Gradebook
Question 12 of 15 -/3.25 E View Policies Current Attempt in Progress The following information is...
Question 12 of 15 -/3.25 E View Policies Current Attempt in Progress The following information is available for completed Job No. 402: Direct materials, $70000; direct labor, $130000; manufacturing overhead applied, $60000; units produced, 4000 units; units sold, 3000 units. The cost of the finished goods on hand from this job is $195000. $260000 $50000 $65000 Save for Later Attempts: 0 of 1 used Submit Answer
•The following information is available for completed Job No. 402: Direct materials, $80,000; direct labor, $120,000;...
•The following information is available for completed Job No. 402: Direct materials, $80,000; direct labor, $120,000; manufacturing overhead applied, $60,000; units produced, 5,000 units; units sold, 4,000 units. The cost of the finished goods on hand from this job is
View Policies Current Attempt in Progress Sunland Company uses job order costing for its brand new...
View Policies Current Attempt in Progress Sunland Company uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2019 totaled $16000 of materials, $11000 of direct labor costs, and $7000 of manufacturing overhead applied. The company ships all goods as soon as they are completed which results in no finished goods inventory on hand at the end of any year. Beginning work in process totaled $11000, and the ending balance is $8000....
Current Attempt in Progress Marigold Corp.completed Job No. B14 during 2017. The job cost sheet listed...
Current Attempt in Progress Marigold Corp.completed Job No. B14 during 2017. The job cost sheet listed the following: Direct materials Direct labor Manufacturing overhead applied Units produced $60000 $50000 $30000 4000 units Units sold 2800 units How much is the cost of the finished goods on hand from this job? $42000 $106000 $140000 $98000 Save for Later Attempts: 0 F ODO F5 DIL
Current Attempt in Progress Crane Company uses job order costing for its brand new line of...
Current Attempt in Progress Crane Company uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2017 totaled $8000 of materials, $4000 of direct labor costs, and $1000 of manufacturing overhead applied. The company ships all goods as soon as they are completed which results in no finished goods inventory on hand at the end of any year. Beginning work in process totaled $5000, and the ending balance is $4000. During the...
0 m CALCULATOR PRINTER VERSION BACK NEXT Multiple Choice Question 76 The following information is available...
0 m CALCULATOR PRINTER VERSION BACK NEXT Multiple Choice Question 76 The following information is available for completed Job No. 402: Direct materials, $120000; direct labor, 5180000; manufacturing overhead applied, $110000 units produced, 8000 units units sold, 5000 units. The cost of the finished goods on hand from this job is 5410000 5102500 $307500 $75000
View Policies Current Attempt in Progress Hartley Company produces two products, Flower and Planter. Flower is...
View Policies Current Attempt in Progress Hartley Company produces two products, Flower and Planter. Flower is a high-volume item totaling 20000 units annually. Planter a low-volume item totaling only 6000 units per year. Flower requires 1 hour of direct labor for completion, while each unit of Plant requires 2 hours. Therefore, total annual direct labor hours are 32000 (20000 + 12000). Expected annual manufacturing overhead costs are $680000. Hartley uses a traditional costing system and assigns overhead based on direct...
BACK Multiple Choice Question 77 Sunland Company completed Job No. B14 during 2019. The job cost...
BACK Multiple Choice Question 77 Sunland Company completed Job No. B14 during 2019. The job cost sheet listed the following: Direct materials $110000 Direct labor $100000 Manufacturing overhead applied $80000 Units produced 2000 units Units sold 1800 units How much is the cost of the finished goods on hand from this job? $332000 $ 29000 $290000 $261000
the cost of the finished goods on hand from this job is?
View Policies Current Attempt in Progress The following information is available for completed Job No. 402: Direct materials, $20000; direct labor, $80000; manufacturing overhead applied, $10000; units produced, 8000 units; units sold, 6000 units. The cost of the finished goods on hand from this job is $82500. $25000 $110000. $27500 Save for Later
--/1 Question 32 View Policies Current Attempt in Progress The following information is available for completed Job No. 402: Direct materials, $220000; direct labor, $280000; manufacturing overhead applied, $210000; units produced, 5000 units; units sold, 3000 units. The cost of the finished goods on hand from this job is $426000 $710000. $200000. $284000. Save for Later Attempts: 0 of 1 used 1 used Submit Answer Sulimit Answer Send to Gradebook
Question 12 of 15 -/3.25 E View Policies Current Attempt in Progress The following information is available for completed Job No. 402: Direct materials, $70000; direct labor, $130000; manufacturing overhead applied, $60000; units produced, 4000 units; units sold, 3000 units. The cost of the finished goods on hand from this job is $195000. $260000 $50000 $65000 Save for Later Attempts: 0 of 1 used Submit Answer
View Policies Current Attempt in Progress Sunland Company uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2019 totaled $16000 of materials, $11000 of direct labor costs, and $7000 of manufacturing overhead applied. The company ships all goods as soon as they are completed which results in no finished goods inventory on hand at the end of any year. Beginning work in process totaled $11000, and the ending balance is $8000....
Current Attempt in Progress Marigold Corp.completed Job No. B14 during 2017. The job cost sheet listed the following: Direct materials Direct labor Manufacturing overhead applied Units produced $60000 $50000 $30000 4000 units Units sold 2800 units How much is the cost of the finished goods on hand from this job? $42000 $106000 $140000 $98000 Save for Later Attempts: 0 F ODO F5 DIL
Current Attempt in Progress Crane Company uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2017 totaled $8000 of materials, $4000 of direct labor costs, and $1000 of manufacturing overhead applied. The company ships all goods as soon as they are completed which results in no finished goods inventory on hand at the end of any year. Beginning work in process totaled $5000, and the ending balance is $4000. During the...
0 m CALCULATOR PRINTER VERSION BACK NEXT Multiple Choice Question 76 The following information is available for completed Job No. 402: Direct materials, $120000; direct labor, 5180000; manufacturing overhead applied, $110000 units produced, 8000 units units sold, 5000 units. The cost of the finished goods on hand from this job is 5410000 5102500 $307500 $75000
View Policies Current Attempt in Progress Hartley Company produces two products, Flower and Planter. Flower is a high-volume item totaling 20000 units annually. Planter a low-volume item totaling only 6000 units per year. Flower requires 1 hour of direct labor for completion, while each unit of Plant requires 2 hours. Therefore, total annual direct labor hours are 32000 (20000 + 12000). Expected annual manufacturing overhead costs are $680000. Hartley uses a traditional costing system and assigns overhead based on direct...
BACK Multiple Choice Question 77 Sunland Company completed Job No. B14 during 2019. The job cost sheet listed the following: Direct materials $110000 Direct labor $100000 Manufacturing overhead applied $80000 Units produced 2000 units Units sold 1800 units How much is the cost of the finished goods on hand from this job? $332000 $ 29000 $290000 $261000
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