4)Crane Company uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2017 totaled $20000 of materials, $16000 of direct labor costs, and S13000 of manufacturing overhead applied. The company ships all goods as soon as they are completed which results in no finished goods inventory on hand at the end of any year. Beginning work in process totaled S22000, and the ending balance is $16000. During the year, the company completed 25 machines. How much is the cost per machine? a) S2840 b) $1960 C $2200 d) $1720

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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4)Crane Company uses job order costing for its brand new line of sewing machines. The cost incurred for
production during 2017 totaled $20000 of materials, $16000 of direct labor costs, and $13000 of
manufacturing overhead applied. The company ships all goods as soon as they are completed which
results in no finished goods inventory on hand at the end of any year. Beginning work in process totaled
$22000, and the ending balance is $16000. During the year, the company completed 25 machines. How
much is the cost per machine?
a) $2840
b) $1960
C) $2200
d) $1720
Transcribed Image Text:4)Crane Company uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2017 totaled $20000 of materials, $16000 of direct labor costs, and $13000 of manufacturing overhead applied. The company ships all goods as soon as they are completed which results in no finished goods inventory on hand at the end of any year. Beginning work in process totaled $22000, and the ending balance is $16000. During the year, the company completed 25 machines. How much is the cost per machine? a) $2840 b) $1960 C) $2200 d) $1720
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