Compute the billing price per unit of urvan

Assignment Help Cost Accounting
Reference no: EM132868693

Problem - Nissan Motors accepted an order for 10 units of Urvan Escapade on a job order cost system. Job 3-601 is assigned for this order. The following costs are incurred for the manufacture of the 10 unit:

Materials P5,000,000

Labor (31,250 hrs. x P40) 1,250,000

Overhead 120% of DLC

Final inspection revealed that 2 units required rework due to improper installation of lighting because of the intervention of the customer. The rework required 50 direct labor hours, overhead is applied at the normal rate and an additional lighting materials amounting to P25,000. The units are then billed to the customer at 140% above cost. Compute the billing price per unit of Urvan.

Reference no: EM132868693

Questions Cloud

Show the adjusting journal entries which kettle Should make : Show the adjusting journal entries which kettle Co. Should make on December 31, 2020 and on December 31, 2021 for its investment
Find the amount of interest payable on these bonds : Find the amount of interest payable on these bonds that the company will report on its statement of financial position for the year ended December 31, 20X1
Cultural awareness in global knowledge sharing : Culture profiles are shown as beneficial tools to improve cultural awareness in global knowledge sharing and learning processes.
What challenges do you face when you have to be part of team : Conflicts are inevitable when you work with other people. What challenges do you face when you have to be a part of a team?
Compute the billing price per unit of urvan : Nissan Motors accepted an order for 10 units of Urvan Escapade on a job order cost system. Compute the billing price per unit of Urvan
Review concepts about performance appraisal process : Review the concepts about the Performance appraisal process. What has been your experience with performance appraisals either as an employee or as a manager?
Determine relevant cash flows : Determine relevant cash flows (after-tax) at each of the following three points: (1) project initiation, (2) project operation, and (3) project disposal
Determine the optimum level of labor : A firm's production function is: Q = 6K1/3 L2/3 and capital is fixed at 125 units. Determine the optimum level of labor and output to maximize profits
Describe behavior of your number one targeted segment : Describe a behavior of your number one targeted segment. How would you facilitate your communications?

Reviews

Write a Review

Cost Accounting Questions & Answers

  Find and calculate the value of each investment

You have finally saved $10,000 and are ready to make your first investment. Calculate the value of each investment based on your required rate of return.

  What factors considered determine issue price of debenture

Compute What factors should be considered in determining issue price of a debenture. Provide the journal entries at 1 July 2018, 30 June 2019, & 30 June 2020.

  Mostert music company had the following transaction in

mostert music company had the following transaction in marcha. sold instruments to customers for 10000 received 6000 in

  Brief commentary on the variances computed

Brief commentary on the variances computed above, including explanations regarding the price and the quantity variances for Direct materials

  Determine the allocated costs and the total costs

Using the Direct Method, determine the allocated costs and the total costs in each of the two producing departments

  Complete a balanced scorecard that includes metrics

Complete a balanced scorecard that includes metrics from each of the following modules for Apple Inc

  Calculate the standard cost for direct materials

Steve-A-Rena's coffee shop at the Farmer,Calculate the standard cost for direct materials, direct labour, and variable overhead for the fruit salad operation.

  Make a statement of cost of goods sold for the year

Make a statement of cost of goods sold for the year just ended, giving as much details as can be determined from the information given.

  Production and sale of the electronic magnets

The theory of constraints focuses on maximizing the rate of throughput contribution while minimizing investment and other operating costs.

  Determine the net present value of the investment

Determine the net present value of the investment if the required rate of return is 10 percent. (Ignore taxes.)

  What in-house unit cost should be used to compare

What in-house unit cost should be used to compare with the quotation received from the supplier? Assume the payment to the outside contractor is $216.

  Determine the cost of goods sold for the year

Determine amount of cost that should be assigned to the ending work in process and finished goods inventories. Determine the cost of goods sold for the year, assuming that there is no underapplied or overapplied overhead.

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