Examlex

Solved

Job A3B Was Ordered by a Customer on September 25

question 58

Multiple Choice

Job A3B was ordered by a customer on September 25.During the month of September,Jaycee Corporation requisitioned $2,500 of direct materials and used $4,000 of direct labor.The job was not finished by the end of September,but needed an additional $3,000 of direct materials and additional direct labor of $6,500 to finish the job in October.The company applies overhead at the end of each month at a rate of 200% of the direct labor cost incurred.
-What is the balance in the Work in Process account at the end of September relative to Job A3B?


Definitions:

Professional Online Presence

The representation of an individual's or organization's professional identity on the internet through websites, social media profiles, and other digital platforms.

Resume

A structured document used by individuals to present their background, skills, and accomplishments typically for the purposes of securing employment.

Internet Of Things

The network of physical devices, vehicles, and other items embedded with electronics, software, sensors, and network connectivity, enabling these objects to collect and exchange data.

Wireless Networks

Networking technology that allows computers and devices to communicate over a distance without the use of physical cables.

Related Questions