Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. please answer all questions [the following inform

Please answer all questions [The following information applies to the questions displayed below.] Stellar...

50.1K

Verified Solution

Question

Accounting

image

image

image

image

image

image

Please answer all questions

[The following information applies to the questions displayed below.] Stellar Sound, Inc. which uses a job-order costing system, had two jobs in process at the start of 20x1: job no. 64 ($84,000) and job no. 65 ($53,500). The following information is available: a. The company applies manufacturing overhead on the basis of machine hours (based on practical capacity). Budgeted overhead and machine activity for the year were anticipated to be $808,000, and 16,000 hours, respectively. b. The company worked on four jobs during the first quarter. Direct materials used, direct labor incurred, and machine hours consumed were as follOWS Direct Direct Machine Job No. Material Labor Hours $21,000 $35,000 1, 200 22,00700 44,000 6,000 2,000 15,000 8,800 500 64 65 67 c. Manufacturing overhead during the first quarter included charges for depreciation ($33,000), indirect labor ($60,200) indirect materials used ($5,200), and other factory costs ($139,600) d. Stellar Sound completed job no. 64 and job no. 65. Job no. 65 was sold on account, producing a profit of $34,800 for the firm

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

Accounting
1.2K views

Accounting Theory (9th edition) Chapter 6 : the search ofobjective Critical thinking and analysis...

Basic Math
1.2K views

Express the following systems of equations in matrix form as A x = b. What is...

Finance
1.2K views

Kingsmill Industrial Systems Company (KISC) is trying to decide between two different conveyor belt systems. System...

Physics
1.2K views

a 0 Two particles are oscillating along two close parallel straight lines side by side...

Calculus
1.2K views

1 S x 10x 74 Hint Complete the square to integrate dx

Algebra
1.2K views

If f x 5x 5 and g x x 6 find fog x and gof...

Algebra
1.2K views

Solve 72 Round to the nearest thousandth as needed Provide your answer below

Algebra
1.2K views

A one way road passes under an overpass in the shape of half an ellipse...

Accounting
1.2K views

Which of the following results in a debit entry to the account identified? Select one...

Accounting
1.2K views

2. Ch 09 Practice Test Question 02 All of the following are criticisms of ROl...

Accounting
1.2K views

Question 2 (31 points) Point Company acquired 80 percent of the stock of Slash Corp....

Accounting
1.2K views

Blossom Company is considering a purchase of equipment that costs $70700. The equipment has a...