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

  Cost accounting assignment

Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.

  Prepare the journal entries

Prepare the journal entries to record the bond issue and interest expense.

  Advise as to the liability of all the parties

Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.

  Prepare revenues budget

Prepare Revenues budget and Production budget in units

  Effect of exchange rate changes on cash and cash

Effect of exchange rate changes on cash and cash

  Corporate governance

You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.

  Cost-benefit analysis

A cost-benefit analysis of electronic medical records in primary care

  Non-annual interest rates and annuities

Theory of Interest- Non-annual interest rates and annuities

  Job costing in service organizations

How is job costing in service organizations different from job costing in manufacturing environments?

  Accounting for bad debt expense

Accounting for bad debt expense

  Accounting and partnership problems

Accounting and Partnership problems

  Development of relevant cash flows

Development of relevant cash flows - Cost estimating and financial analysis

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