September 2023 Montgomery Inc which uses a job costing system is a labor intensive firm with

2024 Montgomery, Inc., which uses a job-costing system, is a labor-intensive firm, with many skilled craftspeople on the payroll. Job no. 789 was the only job in process on January 1, having costs of $22,500 as of that date. Direct materials used and direct la Assignment Help

Montgomery Inc which uses a job costing system is a labor intensive firm with 2023

Montgomery, Inc., which uses a job-costing system, is a labor-intensive firm, with many skilled craftspeople on the payroll. Job no. 789 was the only job in process on January 1, having costs of $22,500 as of that date. Direct materials used and direct labor incurred during January were: Job No. Direct Materials Direct Labor Job no. 789 $ 2,000 $ 6,000 Job no. 790 9,000 10,000 Job no. 791 14,000 8,000 Job no. 791 was the only job in production as of January 31. Required: Should Montgomery use direct labor or machine hours as a cost driver? Why? Assume that the company decided to use direct labor as its cost driver. If the budgeted amount of direct labor and manufacturing overhead are anticipated to be $200,000 and $300,000, respectively, what is the firm’s predetermined overhead rate? Compute the cost of work-in-process inventory as of January 31. Compute the cost of jobs completed during January. Suppose that the company sold all of its completed jobs, adding a 40% markup to cost. How much would the firm report as (1) cost of good sold and (2) sales revenue?

#write essay #research paper #blog writing #article writing #academic writer #reflective paper #essay pro #types of essays #write my essay #reflective essay #paper writer #essay writing service #essay writer free #essay helper #write my paper #assignment writer #write my essay for me #write an essay for me #uk essay #thesis writer #dissertation writing services #writing a research paper #academic essay #dissertation help #easy essay #do my essay #paper writing service #buy essay #essay writing help #essay service #dissertation writing #online essay writer #write my paper for me #types of essay writing #essay writing website #write my essay for free #reflective report #type my essay #thesis writing services #write paper for me #research paper writing service #essay paper #professional essay writers #write my essay online #essay help online #write my research paper #dissertation writing help #websites that write papers for you for free #write my essay for me cheap #pay someone to write my paper #pay someone to write my research paper #Essaywriting #Academicwriting #Assignmenthelp #Nursingassignment #Nursinghomework #Psychologyassignment #Physicsassignment #Philosophyassignment #Religionassignment #History #Writing #writingtips #Students #universityassignment #onlinewriting #savvyessaywriters #onlineprowriters #assignmentcollection #excelsiorwriters #writinghub #study #exclusivewritings #myassignmentgeek #expertwriters #art #transcription #grammer #college #highschool #StudentsHelpingStudents #studentshirt #StudentShoe #StudentShoes #studentshoponline #studentshopping #studentshouse #StudentShoutout #studentshowcase2017 #StudentsHub #studentsieuczy #StudentsIn #studentsinberlin #studentsinbusiness #StudentsInDubai #studentsininternational