Determine the total manufacturing cost of job

Assignment Help Managerial Accounting
Reference no: EM132527682

Jumping Jacks Company manufactures customized fitness equipment. The following data have been recorded for Job 1050, which was recently completed. The Direct Materials used in Job 1050 cost $17,800. There were 140 direct labor hours worked on this job at a direct labor wage rate of $18 per hour. There were 100 machine hours used on this job. The predetermined overhead rate is $45 per machine hour used.

Question 1: Determine the total manufacturing (or product) cost of Job 1050 in the Table that follows:

Job 1050

Direct Materials                                 ?

Direct Labor                                     ?

Applied manufacturing Overhead           ?

Total Manufacturing Cost                       ?

Reference no: EM132527682

Questions Cloud

Show that x is a discrete random variable : Let X be the random variable the number of fours observed when two dice are rolled together once. Show that X is a discrete random variable.
Comment on the below correlations and regression analysis : Is attitude toward a respondent's city of residence related to the importance attached to weather? Comment on the below correlations and regression analysis
Develop the equation of the simple regression line : Develop the equation of the simple regression line to predict sales from advertising expenditures using these data.
What is the probability that the person will be left-handed : If a person is randomly selected from the survey participants, what is the probability that the person will be left-handed?
Determine the total manufacturing cost of job : Determine the total manufacturing (or product) cost of Job 1050. Jumping Jacks Company manufactures customized fitness equipment.
Define the two events in problem : 1. Define the two events in this problem. 2. Using proper probability notation, identify the following values:
Determine the profit margin and investment turnover : Determine the profit margin, investment turnover, and return on investment for each division. Round profit margin percentage to two decimal places
What is the number of professional models sold at breakeven : What is the number of professional models sold at breakeven? Xeller Company makes electronic keyboards. The practice model price is $220
Develop table showing percent of individual activity cost : Develop a table showing the percent of individual activity cost to the total process cost.An activity analysis revealed that the cost of these activities

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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