Find what is unit cost of the goods transferred to toretoom

Assignment Help Cost Accounting
Reference no: EM132669573

A job order for 500 units of children's party giveaways were processed with coats of 80000 and 30000 for direct materials and direct labor, respectively.

Factory overhead was applied at 50% of direct labor cost which excludes a 5% provision for spoilage. Prior to transfer to the storeroom, 25 units were found to be spoiled with an estimated market value of P50 per unit

Problem 1: Assuming that the 25 units were only defective and are not sold but instead reworked for total direct rerals cost of 375 and total direct labor cost of 500. What is the unit cost of the goods transferred to toretoom if the rework costs are charged to the specific job?

Reference no: EM132669573

Questions Cloud

How are product functionality and measurement linked : How are product functionality and measurement linked? What are some quality issues that a bioproduction facility may face?
What correct balance in allowance for uncollectible accounts : On December 31st, After the adjusting entries are prepared; what would be the correct balance in the Allowance for Uncollectible Accounts?
Determine any available child tax credit and dependent tax : Santiago and Amy are married and file a joint tax return. Their AGI is $140,000. Determine any available child tax credit and dependent tax credit
Determine the amount of their earned income credit : In 2019, they earn wages of $34,000 and no other income. Determine the amount of their earned income credit for 2019
Find what is unit cost of the goods transferred to toretoom : Assuming that the 25 units were only defective, What is the unit cost of the goods transferred to toretoom if the rework costs are charged to the specific job?
What is Alison incremental research activities credit : Alison incurs the following research expenditures. If the taxpayer's base amount is $50,000, what is Alison's incremental research activities credit
How might the given cadre lead clinical innovation : How might a large cadre of nursing practice and research scholars' impact change? How might the work of this cadre translate evidence to change practice?
Calculate in sales units the margin of safety for ipm : Calculate in sales units the margin of safety for IPM, assuming projected sales are 25,000units? How many units of each printer must be sold to break even?
Determine the amount of Lincoln work opportunity credit : Each employee works in excess of 600 hours and is paid wages of $7,500 during the year. Determine the amount of Lincoln's work opportunity credit

Reviews

Write a Review

Cost Accounting Questions & Answers

  Calculate amount of under applied or over applied overhead

Calculate the amount of under applied or over applied overhead. How should this Amount be accounted for? Provide specific reasons for your proposals.

  Founders state bank developed a standard

Founders State Bank developed a standard for teller staffing that provided for one teller to handle 12 customers per hour. During June, the bank averaged 50 customers per hour and had five tellers on duty at all times.

  What is the npv of the project for xyz company

If the project's capital is 12.10%, what is the NPV of the project? You are considering adding a new machine to your production facility.

  What is the maximum amount claussens should pay john duggan

What is the maximum amount the Claussens should pay John Duggan for the hardware store? (Assume that all cash flows occur at the end of the year.)

  Compute the total production cost for each product

Miller Company manufactures three products, A,B and C. Compute the total production cost for each product using average unit cost method.

  Adjusting entry for the one month expiration

The business had recorded the cost of $1,200 to the asset- Prepaid Insurance business would record transaction

  What can be the benefits of adopting the industrial park

The company obtained land, build a production facility, and invited selected vendors on site.What can be the benefits of adopting the industrial park concept?

  Provide an example of a direct cost and indirect cost

Provide an example of a direct cost and indirect cost from your workplace or an organization with which you are familiar. What is the difference?

  The taxpayers george a warden social security number

the taxpayers george a. warden social security number 333-33-3330 and mary s. warden social security number 444-44-4440

  Prepare journal entries to assign the preceding costs to job

Prepare journal entries to assign the preceding costs to jobs. Show the appropriate entries debiting Finished Goods Inventory and Cost of Goods Sold.

  Compute the cost per unit to complete packaging for labor

Compute the physical units of production. Compute the cost per unit to complete packaging for labor, materials, overhead, and total. Compute equivalent units and cost of work in process as of the end of February.

  Shurshot sports inc manufactures basketballs for national

shurshot sports inc. manufactures basketballs for national basketball association nba. for first 6 months of 2014 the

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