Business, 08.02.2021 18:40 chloespalding

Aquazona Pool Company is a custom pool builder. The company recently completed a pool for the Drayna family (Job 1324) as summarized on the incomplete job cost sheet below. Job Cost Sheet
Job Number: 1324
Date Started: 7/8/2018
Date Completed: 8/30/2018
Description: Drayna Pool Applied

Direct Materials Direct Labor Manufacturing Overhead
Req. No Amount Ticket Hours Amount Hours Rate Amount
MR 3345 $1,480 TT 335 25 $515.00
MR 3372 910 TT 340 42 865.20
MR 4251 1,290 TT 385 40 824.00
MR 4263 1,710 TT 425 39 803.40
MR 5236 2,090 TT 445 24 494.40
$7,480 170 $3,502.00

Cost Summary
Direct material Cost $7,550.00
Direc Labour Cost 3643.20
Applied Manufacuring Overhead ?
Total Cost

The company applies overhead to jobs at a rate of $10.35 per direct labor hour.

Required:
Prepare journal entries to record cost of goods sold and sales revenue for Job 1324.

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 20:00

Ajax corp's sales last year were $435,000, its operating costs were $362,500, and its interest charges were $12,500. what was the firm's times-interest-earned (tie) ratio? a. 4.72b. 4.97c. 5.23d. 5.51e. 5.80

Answers: 1

Answer

Business, 22.06.2019 21:40

The following items could appear on a bank reconciliation: a. outstanding checks, $670. b. deposits in transit, $1,500. c. nsf check from customer, no. 548, for $175. d. bank collection of note receivable of $800, and interest of $80. e. interest earned on bank balance, $20. f. service charge, $10. g. the business credited cash for $200. the correct amount was $2,000. h. the bank incorrectly decreased the business's by $350 for a check written by another business. classify each item as (1) an addition to the book balance, (2) a subtraction from the book balance, (3) an addition to the bank balance, or (4) a subtraction from the bank balance.

Answers: 1

Answer

Business, 22.06.2019 23:40

John has been working as a tutor for $300 a semester. when the university raises the price it pays tutors to $400, jasmine enters the market and begins tutoring as well. how much does producer surplus rise as a result of this price increase?

Answers: 1

Answer

Business, 23.06.2019 01:30

Brian has just finished college. he wants to set up a small business to make and sell fireworks. he registers his company and acquires a license from the government. he finds that most of his competitors are selling fireworks at an extremely low price. he would like to make more money, so he decides to innovate and develop better fireworks. he sells his fireworks at a higher price, and they are a huge hit with the customers. after a few years, he earns enough profit to set up a bigger fireworks factory that complies with the government’s health and safety regulations. he even starts exporting fireworks overseas. which type of economy does this scenario describe?

Answers: 3

Answer

You know the right answer?

Aquazona Pool Company is a custom pool builder. The company recently completed a pool for the Drayna...

Questions

Business, 25.06.2019 09:30

The degree of financial leverage for zorro company was 1.50 when ebit was reported at $1,000,000. if ebit goes to $2,000,000, the accompanying change...