Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a job order cost sheet for ryan company is as foll

A job order cost sheet for Ryan Company is as follows. Job No. 92 Beg....

70.2K

Verified Solution

Question

Accounting

A job order cost sheet for Ryan Company is as follows. Job No. 92 Beg. bal. Jan. 1 8 12 25 Date 27 Direct labor Direct Materials Cost of completed job: Direct materials Total cost 5,000 6,000 2,000 13,000 Manufacturing overhead Unit cost ($44,800 2,000) Direct Labor 6,000 8,000 4,000 18,000 $13,000 18,000 13,800 $44,800 $22.40 For 2,000 Units Manufacturing Overhead 4,200 6,400 3,200 13,800
image
image
A job order cost sheet for Ryan Company is as follows. On the basis of this data, answer the following questions. (a) What was the balance in Work in Process Inventory on January 1 if this was the only unfinished job? Balance in Work in Process Inventory on January 1 (b) If manufacturing overhead is applied on the basis of direct labor cost, what overhead rate was used in cach year? (Round answers to O decimal places, e.g. 55\%.)

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

Q

Currently I am working with Pull up and pull down registers and trying to understand what...

Physics
Q

Determine the roots of f (x) = −12 − 21x + 18x2 − 2.75x3 graphically. In...

Mechanical Engineering
Q

Prove by contradiction, every real solution of x3+x+3=0 is irrational.

Advance Math
Q

What is the public debt The money not repaid and interest the government owes investors...

Biology
Q

HINT m Need Help Read It k y 0 When released the block travels across...

Physics
Q

4 The co ordinates of centre of mass of particles of mass 10 20 and...

Physics
Q

A study examined the impact of THC, the active ingredient in marijuana, on various physiological...

Basic Math
Q

Listed below are amounts of court income and salaries paid to the town justices for...

Basic Math
Q

Solve each of the following equations a 3x 2 81 b 8 105

Algebra
Q

why it is necessary to use these inputs when developing the project communications management plan

Accounting
Q

WE AAN A-Z PR 15-5B Statement of Cost of Goods Manufactured and Income Statement for...

Accounting
Q

Please help ASAP with these questions and number them 4-6. Thanks. ...

Accounting