Crane Manufacturing uses job order costing for its production of MP3 players. The cost incurred for the current year for the production of the MP3 players totaled $36000 of materials, $30000 of direct labor costs, and $28000 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 $34000, and the ending balance is $30000. During the year the company completed production for 1000 MP3 players. What is the cost per unit for each MP3 player? O $98. O $94. O $128. O $90.

Crane Manufacturing uses job order costing for its production of MP3 players. The cost incurred for the current year for the production of the MP3 players totaled $36000 of materials, $30000 of direct labor costs, and $28000 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 $34000, and the ending balance is $30000. During the year the company completed production for 1000 MP3 players. What is the cost per unit for each MP3 player? O $98. O $94. O $128. O $90.

Name: Current Attempt in ProgressCrane Manufacturing uses job order costing
Uploaded: 2024-03-20T06:33:06.000Z
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Description: Current Attempt in ProgressCrane Manufacturing uses job order costing for its production of MP3 players. The cost incurred for the current year for theproduction of the MP3 players totaled $36000 of materials, $30000 of direct labor costs, and $2800

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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