Question

Analyze a job cost sheet and prepare entries for manufacturing costs.

 Job No. 92

For 2,000 Units 

Date

Direct
Materials

Direct
Labor

Manufacturing
Overhead

Beg. bal. Jan.

1

3,925 

6,000 

4,200 

8

6,000 

12

8,500 

6,375 

25

2,000 

27

 4,000 

3,000 

11,925 

18,500 

13,575 

Cost of completed job:

 Direct materials

11,925 

 Direct labor

18,500 

 Manufacturing overhead

13,575 

Total cost

44,000 

Unit cost ($44,000 ÷ 2,000)

 22.00 

Instructions

a. Answer the following questions.

1. What was the balance in Work in Process Inventory on January 1 if this was the only unfinished job?

2. If manufacturing overhead is applied on the basis of direct labor cost, what over-head rate was used in each year?

b. Prepare summary entries at January 31 to record the current year's transactions pertaining to Job No. 92.​

Answer 1

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According to the law of conservation of mass, the momentum is conserved in any collision. That means that the momentum before the collision must be same as the momentum after it. Momentum=Mass*Velocity. Mass is independent of the frame of reference(not considering relativity and high velocity situations)