Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. exercise 171 a job cost sheet of fugate company is

Exercise 171 A job cost sheet of Fugate Company is given below. Job Cost Sheet JOB NO. 172 Quantity 1,500 FOR...

90.2K

Verified Solution

Question

Accounting

Exercise 171

A job cost sheet of Fugate Company is given below.
Job Cost Sheet
JOB NO. 172Quantity1,500
FOR James CompanyDate Completed5/31
DateDirect
Materials		Direct
Labor		Manufacturing
Overhead
5/101,330
121,120
15550825
22480720
241,000
271,870
316701,005
Cost of completed job:
Direct materials
Direct labor
Manufacturing Overhead
Total cost
Unit cost

Answer the following questions.
What is the predetermined manufacturing overhead rate?
Predetermined overhead rate%

SHOW LIST OF ACCOUNTS

What are the total cost and the unit cost of the completed job?(Round unit cost answer to 2 decimal places, e.g.52.75.)

Total cost$
Unit cost$

SHOW LIST OF ACCOUNTS

Prepare the entry to record the completion of the job.(Credit account titles are automatically indented whenthe amount is entered. Do not indent manually.)

Date

Account Titles and Explanation

Debit

Credit

May. 31

Click if you would like to Show Work for thisquestion:

Open Show Work

Answer & Explanation Solved by verified expert
4.0 Ratings (488 Votes)
If you like    See Answer
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

Discuss the various databases available in the GCU library. Which ones have you used before? What...

Psychology
Q

A SIS disease spreads through a population of size K = 30, 000 individuals. The average...

Advance Math
Q

Plate tectonics explain continental warping isostatic rebound

Biology
Q

The Great Barrier Reef is the world s largest coral reef system composed of over...

Biology
Q

4 Same at all positions of earth In Delhi and Mumbai magnetic needle shows 21...

Physics
Q

2 Mr Grindles invested 2 200 into an account compounded continuously at a rate of...

Geometry
Q

of 3 ok int ences Required information The following information applies to the questions displayed...

Basic Math
Q

Determine whether the given procedure results in a binomial distribution. If not,state the reason why.Choosing...

Basic Math
Q

10 8 6 4 Linear function Quadratic Function None of these Exponential Function 14 12...

Statistics
Q

Find the formula for a function of the form w x points between these two...

Calculus
Q

In which of the following situations is the auditor most likely to use a reliance...

Accounting
Q

Which account is debited when there is an abnormal loss related with material cost? a....

Accounting