Solution-What would be the unit product cost on the

What would be the unit product cost on the completed job

Assignment Help Managerial Accounting

Reference no: EM133079043

Question - A company prepared its budget for the upcoming year. They use a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. The budget estimated that manufacturing overhead for the year would be $42,430 and direct labor-hours for the year were estimated at 20,000 hours.

In September Job #XYZ was completed. Materials costs on the job totaled $4,250 and labor costs totaled $1,500 at $10 per hour. The company logged 23,750 direct labor-hours for the year and incurred $49,850 in actual manufacturing overhead costs.

Job #XYZ contained 145 units. What would be the unit product cost on the completed job cost sheet?

What was the applied overhead amount for the year? Was overhead under or over applied?

Please show all calculations in the text box.

Reference no: EM133079043

Questions Cloud

Primary determinant of the inflation rate : The so-called quantity theory of money suggests that the amount of money in circulation is the primary determinant of the price level in the economy and that th

Explain proactive and positive manner : 1. You'll have to come back tomorrow when the manager is here.

How much will each shareholder receive : If the Company pays a cash dividend of $100,000 in year 1 (so there are not any dividends in arrears, how much will each shareholder receive

Relationship between rate of inflation and interest rates : Write a short essay on the relationship between the rate of inflation and interest rates. As part of your answer, make sure that you discuss the difference betw

What would be the unit product cost on the completed job : Materials costs on the job totaled $4,250 and labor costs totaled $1,500 at $10 per hour. What would be the unit product cost on the completed job

Direct or indirect impact on the australian economy : China's economic slowdown has a direct or indirect impact on the Australian economy. Give the full explanation and some data to prove it. Use your own words ple

China economic slowdown : China's economic slowdown has a direct or indirect impact on the Australian economy. Give different ways impacts, seperate direct and indirect.

What is the total cost of production : Wheat is produced according to the production function: q = 100K^0.5H^0.5 Where q = quantity of wheat produced; K = capital input; H = labour input (i) If the c

What is the cash benefit to bluesky from this change : Bluesky lengthened its payables period to "control costs and optimize cash flow". Exactly what is the cash benefit to Bluesky from this change

User Account

All Pages

What would be the unit product cost on the completed job

Reference no: EM133079043

Reference no: EM133079043

Questions Cloud

Reviews

Write a Review

Managerial Accounting Questions & Answers

Manage budgets and financial plans

Prepare a retained earnings statement

Prepare a master budget for the three-month period

Construct the companys direct labor budget

Evaluate the predetermined overhead rate

Determine the company''s bid

Compute the pool rates for the different activities

Prepare Company financial statements

Prepare an analysis of terracycles

Discuss the ethical issues

Political resources in emerging markets

Management accounting - ehsan electronics company

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT