A manufacturer employs a job-order cost system. All jobs ordinarily pass through all three production departments, and Job 101 and Job 102 were completed during the current month. Production Direct Manufacturing Overhead Departments Labor Rate Application Rates Department 1 $12.00 150% of direct materials cost Department 2 18.00 $8.00 per machine hour Department 3 15.00 200% of direct labor cost Job 101 Job 102 Job 103 BWIP $25,500 $32,400 $ - 0 - DM: Department 1 $40,000 $26,000 $58,000 Department 2 3,000 5,000 14,000 Department 3 - 0 - - 0 - - 0 - DL: Department 1 500 400 300 Department 2 200 250 350 Department 3 1,500 1,800 2,500 MH: Department 1 - 0 - - 0 - - 0 - Department 2 1,200 1,500 2,700 Department 3 150 300 200 The cost of completed Job 101 is A.$131,500 B.$189,700 C.$202,600 D.$215,200
A manufacturer employs a job-order cost system. All jobs ordinarily pass through all three production departments, and Job 101 and Job 102 were completed during the current month. Production Direct Manufacturing Overhead Departments Labor Rate Application Rates Department 1 $12.00 150% of direct materials cost Department 2 18.00 $8.00 per machine hour Department 3 15.00 200% of direct labor cost Job 101 Job 102 Job 103 BWIP $25,500 $32,400 $ - 0 - DM: Department 1 $40,000 $26,000 $58,000 Department 2 3,000 5,000 14,000 Department 3 - 0 - - 0 - - 0 - DL: Department 1 500 400 300 Department 2 200 250 350 Department 3 1,500 1,800 2,500 MH: Department 1 - 0 - - 0 - - 0 - Department 2 1,200 1,500 2,700 Department 3 150 300 200 The cost of completed Job 101 is A.$131,500 B.$189,700 C.$202,600 D.$215,200
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
A manufacturer employs a job-order cost system. All jobs ordinarily pass through all three production departments, and Job 101 and Job 102 were completed during the current month.
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Production
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Direct
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Manufacturing
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Departments
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Labor Rate
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Application Rates
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|||
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Department 1
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$12.00
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150% of direct materials cost
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Department 2
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18.00
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$8.00 per machine hour
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|||
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Department 3
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15.00
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200% of direct labor cost
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|
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Job 101
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Job 102
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Job 103
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|||
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BWIP
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$25,500
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$32,400
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$ - 0 -
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DM:
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|||
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Department 1
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$40,000
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$26,000
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$58,000
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Department 2
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3,000
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5,000
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14,000
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|||
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Department 3
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- 0 -
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- 0 -
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- 0 -
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|||
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DL:
|
|
|
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|||
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Department 1
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500
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400
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300
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|||
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Department 2
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200
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250
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350
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|||
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Department 3
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1,500
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1,800
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2,500
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|||
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MH:
|
|
|
|
|||
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Department 1
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- 0 -
|
- 0 -
|
- 0 -
|
|||
|
Department 2
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1,200
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1,500
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2,700
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|||
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Department 3
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150
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300
|
200
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The cost of completed Job 101 is
-
A.$131,500
-
B.$189,700
-
C.$202,600
-
D.$215,200
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