Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on march 1 a dressmaker starts work on three custo

On March 1 a dressmaker starts work on three custom-designed wedding dresses. The company uses...

50.1K

Verified Solution

Question

Accounting

image

On March 1 a dressmaker starts work on three custom-designed wedding dresses. The company uses job order costing and applies overhead to each job (dress) at the rate of 45% of direct materials costs. During the month, the jobs used direct materials as shown below Direct materials used S5,500 S7,500 2,000 During the month, the jobs used direct labor as shown below. Jobs 1 and 3 are not finished by the end of March, and Job 2 is finished but not sold by the end of March. Job 1 Job 2 Job 3 59,800 S5,800 54,800 Direct labor used 1. Determine the amounts of direct materials, direct labor, and factory overhead applied that would be reported on job cost sheets for each of the three jobs for March. JOB COST SHEE Job 1 Job 2 Job 3 Direct materials Direct labor Factory overhead Total 2. Determine the total dollar amount of Work in Process Inventory at the end of March k in the process i 3. Determine the total dollar amount of Finished Goods Inventory at the end of March. Assume the company has no beginning Work in Process or Finished Goods inventories. inished goods inventory a

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

The average net torque Justin exerts on a discus about its axis of spin is 100...

Finance
1.2K views

Compare and contrast the three basic types of taxation that governments levy within their tax jurisdictions.

Physics
1.2K views

A sphere of mass M and radius r slips on a rough horizontal plane At...

Algebra
1.2K views

Express the number in terms of i 3 16 3 16 Simplify your answer

Accounting
1.2K views

Labeau Products, Limited, of Perth, Australia, has $34,000 to invest. The company is trying to...

Accounting
1.2K views

ecation for office equ [AJ debit to Accumulated Depreciatio B] credit to Accumulated Depreciation [C]...

Accounting
1.2K views

Queen Energy Inc. issued bonds on January 1,2020, that pay interest semiannually on June 30...

Accounting
1.2K views

A company that follows IFRS entered into two lease agreements for the acquisition of equipment...

Accounting
1.2K views

After watching the short video of Flying Cheap through the link, Please answer these questions:...

Accounting
1.2K views

Marigold Corp. has a product with a selling price per unit of $100, the unit...

Finance
1.2K views

Analysis of companys cost of capital (maximum 550 words) (5+ 5 + 15 = 25...

Finance
1.2K views

What is a lemon law? What does it do? Do you know anybody that either...