Purchase Solution

Cost of Job

Not what you're looking for?

Ask Custom Question

Juanita Corporation uses a job-order cost system and applies overhead on the basis of direct labor cost. At the end of October, Juanita had one job still in process. The job cost sheet for this job contained the following information:

Direct materials 410
Direct labor 180
Manufacturing overhead applied 540

An additional 110 of labor was needed in November to complete this job. For this job, how much should Juanita have transferred to finished goods inventory in November when it was completed?

1,570
1,240
1,130
440

Purchase this Solution
Solution Summary

The solution explains how to calculate the total cost of a job once it is complete

Purchase this Solution
Free BrainMass Quizzes
Paradigms and Frameworks of Management Research

This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.

Employee Orientation

Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.

Organizational Behavior (OB)

The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.

Understanding the Accounting Equation

These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.

Lean your Process

This quiz will help you understand the basic concepts of Lean.

View More Free Quizzes
Related BrainMass Solutions

  • Job order and process costing

    Thus a job order cost system tracks the cost of each job separately and so is able to provide the cost of each job, a process cost system accumulates total cost of a process and then divides the total cost by the units to give the average cost.

  • major steps in the flow of costs in a job order cost system

    However, the estimated cost of any job lot order may not exceed $750,000. If the estimated cost is greater than $750,000, a separate job order should be established for each $750,000 increment. Identification of Job Order.

  • Manufacturing Overhead Assigned to products

    b) calculate the cost assigned to job #11 in march and the total cost of job #11 c) calculate the ending balance in the work in process and finished goods inventory accounts d) calculate the cost of goods manufactured and the cost of goods sold for

  • Applied overhead / Work in Process

    For Job 325, overhead is applied at 150% of direct labor cost. Direct labor cost is $5,000. The amount of overhead applied is 5,000X150%=$7,500 c. What is the amount of direct materials for Job #325? Total cost of Job 323 and 325 is the same.

  • Job costing,Process costing,operations costing

    How do job costing, operations costing and process costing differ? Provide two typical examples of products or organizations for each system Job costing means the computation of cost of each job undertaken by the company.

  • Similarities & Dissimilarities of Job and Process Costing

    Job costing is the method of costing in which the cost of completion of a job is added to find out the total cost of the particular job and the resultant profit arising out of the job.

  • E2-6 Battle Company

    What are the total cost and the unit cost of the completed job? Prepare the entry to record the completion of the job.

  • A job cost sheet of Battle Company

    (3) What are the total cost and the unit cost of the completed job?

  • Relevant Cost Information

    ) Since net benefits of accepting job B is negative, we should not accept job B.

  • Financial Accounting Analysis

    Accumulation of Cost: Cost is accumulated on the basis of individual job in job order costing but in process costing, cost is accumulated on the basis of departments (Needles, Powers & Crosson, 2007).

View More Related Solutions