help on page two Robert Perez is a contractor specializing i n custom-built Jacu

Question

help on page two

Robert Perez is a contractor specializing i n custom-built Jacuzzis. As of May 1,2016, Perez has incurred the following costs for each of the jobs listed below. Perez uses the Job Order Cost system STINER ALTON HERMAN DIM 1,500 DE. FOH TOTAL: $ 3,180 DL DL TOTAL 5 6,700 TOTAL 492 During May, Penee incurs the following costs below. Perez begins one job during the month of May (Smith) and completes the other three during the course of the month (Stiner, Alton, and Herman). Factory Overhead is charged to jobs on the basis of $.60 per dollar of direct labor hours. MATERIALS FOH REQUISITIONS TIME TICKETS (APPLIED) STINER ALTON HERMAN 550003 73000 83000 s 1,260000 1,485.00 2,80000 3,00000 2,625.00 s SMITH Determine the total cost of each of the completed jobs in the space below: STINER ALTON HERMAN DM 477 DM 93s DL L1s FOH TOTAL 1300 V.D.

Explanation / Answer

Gross profit:

Under application of OH:

WIP Smith Particulars Amount DM 2800 DL 3000 FOH(60% of DL) 1800 Total 7600

Related Questions

Navigate

• Browse (All)
• Browse H
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.