Sound of Thunder Company Has a Job Costing System

question 94

Essay

Sound of Thunder Company has a job costing system. The following items appeared in the Work-in-Process account during April 2014:
Sound of Thunder applies overhead to production on the basis of direct labor hours. Job XX, the only job in process on April 30, has been charged $10,600 materials cost and has 100 labor hours of direct labor time assigned to it.
Required:

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Definitions:

Parliamentary

Relating to a parliamentary system of government or its procedures.

Formal Meeting

A pre-planned gathering of individuals for discussion or decision-making, often following a set agenda and protocol.

Maintain Order

The act of keeping things organized and in proper arrangement to ensure smooth operations or processes.

Meeting Minutes

The written record of the main points and decisions made during a meeting.