Calculate the cost of job

Assignment Help Managerial Accounting
Reference no: EM132977801

Question - Richetti Company is a steel fabricator, and job 325 consists of producing 500 steel supports for Elkhardt Company. Overhead is applied on the basis of direct labor hours, using a predetermined overhead rate of $30 per hour. Direct costs associated with Job 325 are: direct materials, $30,000; direct labor, 400 hours at $16 per hour. Calculate the cost of Job 325.

Reference no: EM132977801

Questions Cloud

How do guis improve the experience of interacting with pci : How do GUIs improve the experience of interacting with the PC? Are there any limitations of GUIs relative to the CLI (command-line interface)?
What is the difference between debt and equity : Question - What is the difference between debt and equity? Which is a riskier form of investment, and why
Describe the reasons for having a totally anonymous means : Describe the reasons for having a totally anonymous means of accessing the internet. Please also discuss the dangers of that same internet
Discuss the case involving the united states of america : Discuss the case involving the United States of America versus Ross Ulbrecht. Please include what took place at the United States Supreme Court.
Calculate the cost of job : Direct costs associated with Job 325 are: direct materials, $30,000; direct labor, 400 hours at $16 per hour. Calculate the cost of Job 325
Prepare the statement of changes in equity : Prepaid expense 2,800 Supplies expense 9,000. Prepare the statement of changes in equity for Magic Carpets Limited for the month ended April 30, 2021
Discuss the best practices in interface design : Discuss the best practices in interface design that should be followed during the creation of a satisfactory user experience in an Android phone application.
Describe the technical requirements necessary : Describe the functional business requirements (scope). Describe the technical requirements necessary to integrate various e-commerce infrastructure components.
What was the working capital of hemp ltd : The balance sheet of Hemp Ltd at 30 June 2016 showed: noncurrent assets $500 000; noncurrent liabilities $320 000; What was the working capital of Hemp Ltd

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Find how much will have in account at the end of year five

Suppose you invest $800 into an account that pays 6% interest, compounded annually. How much will you have in this account at the end of year 5?

  What is included as fixed asset

What is included as fixed asset? How we work it out for the maintenance cost?Maintenance costs are difficult to estimate but data

  What investment is required in the project

What investment is required in the project - Heap Company is considering an investment in a project that will have a two-year life.

  Compare the effects of dropping the ski line

Complete the to compare the effects of dropping the ski line of products. Enter all amounts as positive numbers except for a net loss. If an amount is zero, enter "0".

  Determine factory overhead cost per unit for each product

Each product is budgeted for 200 units of production for the year. Determine the factory overhead cost per unit for each product, using activity-based costing

  What is the best estimate for overhead for the next period

For the next period, the accountant anticipates using 28,000 direct labour hours, What is the best estimate for overhead for the next period?

  What the labour efficiency variance for march is

Cox Engineering performs cement core tests in laboratory.Actual variable manufacturing overhead incurred was £3,200. The labour efficiency variance for March is

  How might the managers at toys world use the information

On 31st March,How might the managers at Toys World use this information? Calculate the cost per cuddly koala for job number A26.

  What were the budgeted direct labor-hours for the quarter

The actual manufacturing overhead for the quarter was $4,188,700. What were the budgeted direct labor-hours for the quarter

  Find the npv and pi of a project that costs

Find the NPV and PI of a project that costs $1,500 and returns $800 in year one and $850 in year two. Assume the project's cost of capital is 8 percent.

  Describe the behavior of fixed and variable costs

Describe the behavior of fixed and variable costs in total and on a per-unit basis with respect to units of activity

  Guantity variances and the direct labor rate and efficiency

Show calculations for the direct materials price and quantity variances and the direct labor rate and efficiency variances.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd