What the unit product cost for job

Assignment Help Accounting Basics
Reference no: EM132912473

Problem - A Company uses a job-order costing system with a single plantwide predetermined overhead rate based on labor-hours. The company based its predetermined overhead rate for the current year on total estimated manufacturing overhead cost of $120,000 and 4,000 labor-hours. The job sheet of Job 1112 shows that the number of units produced in this job order is 5 units. This job required 500 labor-hours and incurred direct materials cost of $5,000 and direct labor costs of $15,500. What the unit product cost for Job 1112?

Reference no: EM132912473

Questions Cloud

Gati-achieving quality excellence in shipment delivery : What is the main problem that Murarka is facing? How can Murarka find out if the new processes were meeting the target defect proportion?
Prepare a flexible budget for johnny lee inc : Prepare a flexible budget for Johnny Lee, Inc., for each of the following monthly levels of machine hours: 4,500; 5,500; and 6,500
Communication perspectives-observe their business strategies : Compare and contrast them from marketing and communication perspectives. Observe their business strategies; find out their similarities and differences.
Effectiveness of change management plan : How did you measure the effectiveness of your change management plan? What were the effects on the employees and the organization's market performance?
What the unit product cost for job : This job required 500 labor-hours and incurred direct materials cost of $5,000 and direct labor costs of $15,500. What the unit product cost for Job 1112
How can you best manage this area of an audit : The text discussion on Debt and Equity impresses the importance and high risk in this area of an audit. How can you best manage this area of an audit
Entry-level brand management position : Professional Assignment 1 Coca-Cola Company is considering you for an entry-level brand management position.
Prepare a corrected trial balance : Oakland Floor Coverings reported the following summarized data at December 31, 2013. Prepare a corrected trial balance
Memo about patient intakes : Examine the structure of the U.S. legal system and government as it relates to ethics, law, and core principles of public health.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Project a will cost 473200 has an expected useful life of

company is considering two different mutually exclusive capital expenditure proposals. project a will cost 473200 has

  Compute Blunt US tax liability after any available FTCs

Blunt paid $20,000 in German income taxes and $1,800 in Swiss income taxes. Compute Blunt's U.S. tax liability after any available FTCs

  Compute Roger State A taxable income

This year's operations generated $400,000 of apportionable income. Compute Roger State A taxable income

  Proper accounting on the write-down

Prepare the short memo in 150 words or less, as if you were the controller, to explain the proper accounting on the write-down and write-up of goodwill to the president.

  Why concepts of leverage important for managers

Why are the concepts of leverage and break-even important for managers to understand in order to achieve the goals of Saudi Vision 2030?

  Calculate days sales in receivables

Net sales total $912,500. Beginning and ending accounts receivable are $73,000 and $ 67,000 respectively. Calculate days' sales in receivables

  Calculate the depreciation expense for the year

The estimated residual value remained the same as estimated earlier. Calculate the depreciation expense for the year 2017

  Calculate consumption ratios for each activity

Product-Costing Accuracy, Consumption Ratios, Activity Rates, Activity Costing Tristar Manufacturing produces two types of battery-operated toy soldiers.

  Assignment - Project-Analysis, Sales Promotions

Assignment - Project-Analysis, Sales Promotions. Contribution margin for Gliders under each assumptions: actual sales volume at budgeted selling prices

  Prepare the transactions by posting to the general journal

Prepare the 10 transactions below by posting to the general journal. You should use an Excel spreadsheet to accomplish this task.

  Sunrise corporation has a return on investment of 15a

sunrise corporation has a return on investment of 15.a sunrise divisionwhich currently has a 13 roi and 750000 of

  What is meant by the term cost management

Give three examples of firms you think would not be significant users of cost management information and explain why. What is meant by the term cost management?

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