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

  Classify the following costs as either product

classify the following costs as either product inventoriable costs or period non inventoriable costs in a manufacturing

  Estimate diamonds cash receipts in may if the companys

diamond window corporations sales half of which are for cash march april may 140000 240000 160000 a. estimate

  Mike crane is an audit senior of a large public accounting

mike crane is an audit senior of a large public accounting firm who has just been assigned to the frost corporations

  Complete stockholders equity section

Complete stockholders equity section with the information provided - The January 1 balance in Retained Earnings was $1,100,000

  If accounts receivable has a beginning balance of 4210 and

if accounts receivable has a beginning balance of 4210 and an ending balance of 3495 and collections on account were

  Prior to the beginning of the year a consulting firm

the sasita corporation manufactures two types of vacuum cleaners the zenith for commercial building use and the

  What ways statement of cash flows relate balance sheet

In what ways does the statement of cash flows relate to the balance sheet and income statement?Explain and describe in details

  What is the present value of the lease payments

Schaad Corporation has entered into an eight-year lease for a piece of equipment. what is the present value of the lease payments

  Problem regarding the rent receivable

Hudson Corp. has extra space in its warehouse and agrees to rent it out to Stillwater Company at the rate of $2,000 per month. The space was made available to Stillwater beginning on Septem- ber 1. Under the terms of the agreement, Stillwater pays..

  Statement of cash flows using the direct method

Prepare the statement of cash flows using the direct method and Prepare the reconciliation of profit and cash provided by operating activities

  Estimate the stand-alone selling price of the software

Estimate the stand-alone selling price of the software using the residual approach. Wilson Links Products sells a product that involves two separate performance

  What impact would these cost-cutting measure

What impact would these cost-cutting measures have on supplies expenditures as reported in an actual-to budget comparison (on a budget basis)

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