Solution-What would be job total cost recorded

What would be job total cost recorded

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Reference no: EM132610028

New Shalimar Steel's management has made the following estimates at the start of the year.

Department

A B

Machine-hours . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70,000 8,000

Direct materials cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $510,000 $650,000

Direct labor-hours . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,000 60,000

Direct labor cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $130,000 $420,000

Variable manufacturing overhead per machine-hour . . . . . .

Variable manufacturing overhead per direct labor-hour . . . . . $1.50 $2.00

Fixed manufacturing overhead cost . . . . . . . . . . . . . . . . . . . . $497,000 $615,000

The following record was drafted by the production department for Job A30

Direct labor-hours . . . . . . . . . . . . . . . . . . . . . . . . . 30 84

Machine-hours . . . . . . . . . . . . . . . . . . . . . . . . . . . 110 20

Materials placed into production . . . . . . . . . . . . . . $470 $332

Direct labor cost . . . . . . . . . . . . . . . . . . . . . . . . . . $325 $588

Required:

Question a) Calculate the total overhead cost applied to Job A30.

Question b) What would be Job A30 total cost recorded? If it contained 25 units, find out unit product cost?

Reference no: EM132610028

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What would be job total cost recorded

Reference no: EM132610028

Reference no: EM132610028

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