How do find what the total cost of job is

Assignment Help Cost Accounting
Reference no: EM132710352

Problem 1: JOB 110 has, at the end of second week in September, an accumulated total cost of P42,000. In the third week, P10,100 of direct materials were used on the job. Twenty (20) hours of direct labor services were applied to the job at a cost of P50 per hour. Manufacturing overhead was applied at the basis of P45 per direct labor hour. JOB 110 was the only job completed during the third week with a total of 10,000 units produced. The total cost of JOB 110 is

Reference no: EM132710352

Questions Cloud

What is the economic order quantity for pepperoni : Lead time for each order is 3 days, and pepperoni itself costs $3 per pound. What is the economic order quantity for pepperoni?
Explain lean operations-total productive maintenance : Describe potential ethical or sustainability consideration associated with Lean operations or total productive maintenance (TPM).
Do you think companies should follow the lead of public good : Do you think more companies should follow the lead of Public Goods and retain control by steering clear of big venture capital investments? Why or why not?
What is the inventoriable cost for each product : Assuming ABW accounts for the by-product using the production method, what is the inventoriable cost for each product and ABW's gross margin?
How do find what the total cost of job is : In the third week, JOB 110 was the only job completed during the third week with a total of 10,000 units produced. The total cost of JOB 110 is
Explain the meaning of the dual values : Linear Programming Model Family Steakhouse offers a variety of low-cost meals and quick service. Other than management, the Steakhouse operates
H/617/3295 taxation principles and practices assignment : H/617/3295 Taxation Principles and Practices Assignment Help and Solution, OTHM LEVEL 5 DIPLOMA IN ACCOUNTING AND BUSINESS - Assessment Writing Service
What is the amount of interest earned on interest : If you invest $800 today in an account that pays, What is the effect of compound interest or what is the amount of interest earned on interest?
Describe steps amazon has taken to make changes : The article was published in 2015. What evidence do we have of the impact that this kind of press has had on Amazon? Locate and post a more recent news article.

Reviews

Write a Review

Cost Accounting Questions & Answers

  What earnings management techniques are outlined

What earnings management techniques are outlined in the above article? MASTERING CORPORATE GOVERNANCE: WHEN EARNINGS MANAGEMENT BECOMES COOKING THE BOOKS

  Problem on straightforward variance analysis

Compute Arrows direct material variances and compute Arrows direct labor variances - Compute Arrow's variances for factory overhead.

  Strategy to test compliance with eligibility provisions

Assuming that the auditors consider the amounts involved as indicative of a weakness in internal controls, how, if at all, should that finding affect your report on the program

  How would under absorbed overhead be treated in cost account

XYZ ltd. Unabsorbed overheads were due to rising price levels. How would under absorbed overheads be treated in cost accounts?

  What is the proper journal entry to record the costs

What is the Cost of units completed and transferred? What is the Cost of units in process, end? What is the proper journal entry to record the costs

  Prepare a statement of cash flows for jem company

Prepare a statement of cash flows for JEM Company for the year ended December 31, 2003. Use the indirect method to report cash flows from operating activities.

  Calculate the total gross profit for each phone

AYN414 Cost and Management Accounting Assignment. Calculate the total gross profit for EACH phone then the total gross profit of the three products

  What accounting principle would changing methods

What would you think of a companys ethics if it changed accounting methods every year - what accounting principle would changing methods every year violate

  Explain why the income was different each month

Assume that the performance of the top manager is evaluated and rewarded largely on the basis of reported profit. Which costing method would the manager prefer? Why?

  Determine the eost of goods available for sale

Determine the ending inventory and the cost of goods sold under each of the cost flow methods of FIFO, LIFO, and weighted average cost.

  Operating-running in the short run

From the following given functions of demand and cost of a firm: Q=500-20P TC=18Q + 6Q² - 0.10Q³. Would you confer if the firm operating/running in the short ru

  Determine the total variable cost is closest to

If 6,000 units are sold, the total variable cost is closest to? Variable manufacturing overhead $1.55. Variable administrative expense $0.85

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