Order ID:89JHGSJE83839 | Style:APA/MLA/Harvard/Chicago | Pages:5-10 |
Instructions:
Boothe Company uses job order cost accumulation and applies overhead based on direct labor hours. Any under applied or over applied overhead is adjusted directly to Cost of Goods Sold at the end of each month. On April 1, job cost sheets indicated the following:
On April 30, Finished Goods contained only Jobs 204 and 207, which had the following total costs:
Besides working on Jobs 204 and 207 in April, the company continued work on Jobs 202 and 203 and started work on Jobs 205 and 206. A summary of direct materials used and direct labor hours worked on Jobs 202, 203, 205, and 206 during April showed the following:
Other information:(a) On April 30, the only jobs still in process were 203 and 206.(b) All workers are paid $20 per hour. Wage rates have been stable throughout the year.(c) The company maintains only one raw materials account (Materials Control) from which it issues both direct and indirect materials. The balance in this account was $2,700 on April 1.(d) All sales are billed on account at 150% of total cost.(e) Other items in April:Depreciation, Factory Equipment ……………………………….$ 1,375Raw Materials Purchased …………………………………………. 11,550Indirect Labor ………………………………………………………… 2,500Factory Rent and Utilities ……………………………………….. 2,700Indirect Materials Used ………………………………………….. 2,790Required:(1) Determine the April 30 balances for Materials Control and for Work in Process.(2) Prepare all journal entries required for Job 202 in April.(3) Calculate the cost of goods manufactured in April. (A complete statement of cost of goods manufactured is not required.)(4) Calculate the over applied or under applied overhead for April.(5) Calculate gross profit for April.
RUBRIC |
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Excellent Quality 95-100%
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Introduction
45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Literature Support 91-84 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met. |
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Average Score 50-85% |
40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided. |
83-76 points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration. |
52-49 points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met. |
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Poor Quality 0-45% |
37-1 points The background and/or significance are missing. No search history information is provided. |
75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration. |
48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met |
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