Under the companys job-order costing system

Assignment Help Financial Accounting

Reference no: EM131204858

Under the company's job-order costing system, allocation is based on the job's number of direct-labor hours. Job Z required 45 hours of direct labor. Direct materials for the job were $1,000. For the month, total direct labor hours were 9,000 with a total cost of $450,000 ($50 per hour). Costs to be allocated totaled $180,000 for the month. What was the total cost of Job Z?

Reference no: EM131204858

Questions Cloud

Weak division has the lowest operating income : Physical Phitness, Inc., operates three divisions, Weak, Average, and Strong. As it turns out, the Weak division has the lowest operating income, and the president wants to close it. “Survival of the fittest, I say!” was his response when the Weak di..

Determine the materials budget for the year : Magnolia, Inc. manufactures bedding sets. The budgeted production is for 13,000 comforters this year. Each comforter requires 7 yards of material. The estimated January 1 beginning inventory is 3,420 yards with the desired ending balance of 5,700 yar..

Company generate annually in order for the business : Monthly revenue of $75,000 based on sales of 7,500 units is anticipated. Monthly fixed costs are projected to be $21,000. Variable cost per unit is 35% of the selling price. The company only sells 1 product. How much revenue must the company generate..

Determine the number of units of both products : A manufacturer makes 2 products. Product A has a variable cost $5 per unit. The manufacturer sells it for $9.00. Product B has a variable cost of $20 and it is sold for $40. Product A accounts for 60% of the company's unit sales. To determine the num..

Under the companys job-order costing system : Under the company's job-order costing system, allocation is based on the job's number of direct-labor hours. Job Z required 45 hours of direct labor. Direct materials for the job were $1,000. For the month, total direct labor hours were 9,000 with a ..

What is the current share price : Goulds Corp. pays a constant $7.85 dividend on its stock. The company will maintain this dividend for the next 12 years and will then cease paying dividends forever. If the required return on this stock is 9 percent, what is the current share price?

Calculate operating income under absorption costing : ABC Company sells 10,000 units of a product at $30 per unit. This is the first year of operations so there is no beginning inventory of finished units. Calculate operating income under absorption costing. Calculate operating income under variable cos..

Identify and analyze the transaction : Concert Tickets Sold in Advance Rock N Roll produces an outdoor concert festival that runs from June 28, 2014, through July 1, 2014. Concertgoers pay $80 for a four-day pass to the festival, and all 35,000 tickets are sold out by the May 1, 2014, dea..

Depreciation of plant-property or equipment is credited : Depreciation of plant, property, or equipment is credited not to the asset account itself, which is maintained at historical cost, but to a separate contra asset, Accumulated Depreciation. However, amortization of intangibles is often credited direct..

User Account

All Pages