What is the average cost assigned to each unit

Assignment Help Accounting Basics
Reference no: EM132651364

Question - Mickley Company's Predetermined overhead rate is $18.00 per direct labor-hour and its direct labor wage rate is $14.00 per hour. The following information pertains to Job A-500:

Direct materials $240

Direct labor $ 70

Required -

1. What is the total manufacturing cost assigned to Job A-500?

2. If Job A-500 consists of 80 units, what is the average cost assigned to each unit included in the job? Round your answer to 2 decimal places?

Reference no: EM132651364

Questions Cloud

How the strategy is used to position the company : What business strategy does Performance Food Group (a food service distribution company) use in its marketplace approach
Research on emerging big data technologies : Appropriate storage model based on the application requirements for processing large amounts of structured and unstructured data
What will be your monthly payment : If you need to borrow $9,300 to purchase your dream Harley-Davidson, what will be your monthly payment
Find balance in the cash account after posting transactions : The Cash account had a normal balance of $48,000 at the beginning of the month. Find balance in the Cash account after posting transactions
What is the average cost assigned to each unit : If Job A-500 consists of 80 units, what is the average cost assigned to each unit included in the job? Round your answer to 2 decimal places
Explain the various resources required by a business : Explain the various resources required by a business to function effectively and Create a table identifying the main stakeholders, their expectations
What amount of pretax gain should be reported : Counsel is unable to estimate the outcome of these appeals. What amount of pretax gain should be reported
Penetration testing : Penetration testing is a simulated cyberattack against a computer or network that checks for exploitable vulnerabilities.
Identifies the financial reporting issue : Identifies the financial reporting issue. Analyzes the criteria in relation to case facts: non-monetary, non-reciprocal

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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