Bell Company produces stainless steel drink tumblers, its only product. These tumblers are stamped with company logos and used as promotional items. Following are simplified job cost sheets for two separate recently completed job lots. Job 1 was for 250 units and Job 2 was for 300 units. Job Number 1 Materials Labor Overhead Job Number 2 Materials Labor Overhead 250 units $ 700 770 1,155 300 units $ 810 912 1,368 1-a. Compute total cost per unit for Job 1 and for Job 2. 1-b. Which job has a higher total cost per unit? 2-a. Compute direct materials cost per unit for each job. 2-b. Which job has a higher direct materials cost per unit? Req 1A Complete this question by entering your answers in the tabs below. Req 18 Req 2A Which job has a higher total cost per unit? Req 2B
Process Costing
Process costing is a sort of operation costing which is employed to determine the value of a product at each process or stage of producing process, applicable where goods produced from a series of continuous operations or procedure.
Job Costing
Job costing is adhesive costs of each and every job involved in the production processes. It is an accounting measure. It is a method which determines the cost of specific jobs, which are performed according to the consumer’s specifications. Job costing is possible only in businesses where the production is done as per the customer’s requirement. For example, some customers order to manufacture furniture as per their needs.
ABC Costing
Cost Accounting is a form of managerial accounting that helps the company in assessing the total variable cost so as to compute the cost of production. Cost accounting is generally used by the management so as to ensure better decision-making. In comparison to financial accounting, cost accounting has to follow a set standard ad can be used flexibly by the management as per their needs. The types of Cost Accounting include – Lean Accounting, Standard Costing, Marginal Costing and Activity Based Costing.
![Bell Company produces stainless steel drink tumblers, its only product. These tumblers are stamped with company logos and used as
promotional items. Following are simplified job cost sheets for two separate recently completed job lots. Job 1 was for 250 units and
Job 2 was for 300 units.
Job Number 1
Materials
Labor
Overhead
Job Number 2
Materials
Labor
Overhead
250 units
$ 700
770
1,155
1-a. Compute total cost per unit for Job 1 and for Job 2.
1-b. Which job has a higher total cost per unit?
2-a. Compute direct materials cost per unit for each job.
2-b. Which job has a higher direct materials cost per unit?
Req 1A
300 units
$ 810
912
1,368
Complete this question by entering your answers in the tabs below.
Reg 1B
Req 2A
Compute total cost per unit for Job 1 and for Job 2. (Round your answers to two decimal places.)
Total cost per unit
Req 2B
Job 1
Job 2](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff1799000-33ab-4b28-9bb2-f03cfa8defbf%2F7059d177-a621-4941-91dd-14fbfc693e4d%2Fc1jpucf_processed.png&w=3840&q=75)
![Bell Company produces stainless steel drink tumblers, its only product. These tumblers are stamped with company logos and used as
promotional items. Following are simplified job cost sheets for two separate recently completed job lots. Job 1 was for 250 units and
Job 2 was for 300 units.
Job Number 1
Materials
Labor
Overhead
Job Number 2
Materials
Labor
Overhead
250 units
$ 700
770
1,155
300 units
$ 810
912
1,368
1-a. Compute total cost per unit for Job 1 and for Job 2.
1-b. Which job has a higher total cost per unit?
2-a. Compute direct materials cost per unit for each job.
2-b. Which job has a higher direct materials cost per unit?
Complete this question by entering your answers in the tabs below.
Req 1A
Req 18
Req 2A
Which job has a higher total cost per unit?
Which job has a higher total cost per unit?
Req 2B](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff1799000-33ab-4b28-9bb2-f03cfa8defbf%2F7059d177-a621-4941-91dd-14fbfc693e4d%2Ftzk4iu_processed.png&w=3840&q=75)
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