Bluerock Apparel is a company that specializes in designing and manufacturing a line of custom T-shirts using a job order costing system. In June, the company incurred the following costs to complete Job RZA3: direct materials, $15,200, and direct labor, $5,500. In addition, they incurred a waste removal charge of $2,500 and a packing material cost of $1,600, neither of which is related to production. Job RZA3 required 850 machine hours, and factory overhead was applied at a rate of $30 per machine hour. The job resulted in 7,500 T-shirts. What is the cost of goods sold per shirt? What is the correct cost of goods sold per shirt for Job RZA3? Highwave Tees manufactures a variety of graphic T-shirts using a job order costing system. In September, the company incurred the following costs to complete Job GRD4: direct materials, $12,400, and direct labor, $6,300. Additionally, the company paid $3,000 for office rent and $1,200 for employee meals, but these are not related to the job's production. Job GRD4 required 640 machine hours, and factory overhead was applied at a rate of $28 per machine hour. If Job GRD4 resulted in 5,800 good shirts, what is the cost of goods sold per shirt? What is the correct cost of goods sold per shirt for Job GRD4?
Bluerock Apparel is a company that specializes in designing and manufacturing a line of custom T-shirts using a job order costing system. In June, the company incurred the following costs to complete Job RZA3: direct materials, $15,200, and direct labor, $5,500. In addition, they incurred a waste removal charge of $2,500 and a packing material cost of $1,600, neither of which is related to production. Job RZA3 required 850 machine hours, and factory overhead was applied at a rate of $30 per machine hour. The job resulted in 7,500 T-shirts. What is the cost of goods sold per shirt? What is the correct cost of goods sold per shirt for Job RZA3? Highwave Tees manufactures a variety of graphic T-shirts using a job order costing system. In September, the company incurred the following costs to complete Job GRD4: direct materials, $12,400, and direct labor, $6,300. Additionally, the company paid $3,000 for office rent and $1,200 for employee meals, but these are not related to the job's production. Job GRD4 required 640 machine hours, and factory overhead was applied at a rate of $28 per machine hour. If Job GRD4 resulted in 5,800 good shirts, what is the cost of goods sold per shirt? What is the correct cost of goods sold per shirt for Job GRD4?
Chapter1: Financial Statements And Business Decisions
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