Cardoso Company, Jobs Costing, accounting homework help

Get perfect grades by consistently using www.assignmentgeeks.org. Place your order and get a quality paper today. Take advantage of our current 20% discount by using the coupon code GET20


Order a Similar Paper Order a Different Paper

Complete the following exercise.

In December 20X2, the Cardoso Company established its predetermined overhead rate for jobs produced during the year 20X3 by using the following cost predictions:

  • Overhead costs: $750,000
  • Direct labor costs: $625,000.

At year-end 20X3, the company’s records show that actual overhead costs for the year were $830,000. Actual direct labor cost had been assigned to jobs as follows:

Jobs completed and sold…………………..   $513,750
Jobs in goods in progress inventory………    $ 68,500
Jobs in finished goods inventory…………     $102,750
Total actual direct labor costs……………       $685,000

Required:

  1. Using the information above, determine the pre-determined overhead rate for the year 20X3.
  2. Determine when the overhead is over applied or under applied, the amount during the year, and prepare the adjusting entry to allocate any over or under applied overhead the cost of goods sold.
  3. Create a report between 200 and 300 words in length for leadership. The topic is the state of this company. Where do you see a problem regarding the company? Make some suggestions if there are areas you feel need to be further investigated.

"Is this question part of your assignment? We can help"

ORDER NOW
Writerbay.net

Need help with an assignment? We work for the best interests of our clients. We maintain professionalism and offer brilliant writing services in most of the fields ranging from nursing, philosophy, psychology, biology, finance, accounting, criminal justice, mathematics, computer science, among others. We offer CONFIDENTIAL, ORIGINAL (Turnitin & SafeAssign checks), and PRIVATE services using the latest (within 5 years) peer-reviewed articles. Kindly click on ORDER NOW to receive an A++ paper from our masters- and doctorate-prepared writers. Thank you in advance!

Get a 15% discount on your order using the following coupon code SAVE15


Order a Similar Paper Order a Different Paper