A job order for 1,000 pairs of wooden bookends is processed and prime costs are as follows:Direct materials P30,000Direct labor 20,000Factory overhead rate of 50% of direct labor cost excludes a 2% provision for defective work based on direct labor. Prior to transferto stockroom, 50 pairs are found defective and are processed. Prime costs in reprocessing amount to P800 (direct materials of P200and direct labor of P600).Assuming that the job is a special one, what is factory overhead cost per unit for the 1,000 pairs of wooden bookends placed inprocess?BDP9.80P10.20P10.00P9.60

Name: A job order for 1,000 pairs of wooden bookends is processed and prime
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Description: A job order for 1,000 pairs of wooden bookends is processed and prime costs are as follows:Direct materials P30,000Direct labor 20,000Factory overhead rate of 50% of direct labor cost excludes a 2% provision for defective work based on direct labor.

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Direct materials P30,000 Direct labor 20,000 actory overhead rate of 50% of direct labor cost excludes a 2% provision for defective work based on direct labor. Prior to transfer O stockroom, 50 pairs are found defective and are processed. Prime costs in reprocessing amount to P800 (direct materials of P200 and direct labor of P600). ssuming that the job is a special one, what is factory overhead cost per unit for the 1,000 pairs of wooden bookends placed in rocess? A P9.80 D P10.20 P10.00 P9.60

Direct materials P30,000 Direct labor 20,000 actory overhead rate of 50% of direct labor cost excludes a 2% provision for defective work based on direct labor. Prior to transfer O stockroom, 50 pairs are found defective and are processed. Prime costs in reprocessing amount to P800 (direct materials of P200 and direct labor of P600). ssuming that the job is a special one, what is factory overhead cost per unit for the 1,000 pairs of wooden bookends placed in rocess? A P9.80 D P10.20 P10.00 P9.60

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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STEP DOWN METHOD Furnishing manufacturing company total overheads allocated and apportioned to the production and service departments as follows: Assembly $55,000 Finishing 34,000 Maintenance 32,000 Canteen 15,600 A suitable basis for sharing out the maintenance costs is the time spent servicing equipment. The amount of time spent by the maintenance department servicing equipment in the Assembly and Finishing department has been analyses as follows: Assembly 60% Finishing 40% The Canteen department’s overheads are to be reapportioned on the basis of the number of employees in the other three departments. Number of employees: Assembly 20, finishing 35, Maintenance 15, Canteen 5. You are required to: reapportion the overhead expenses to the production from the service department.
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Exercise 2-15 (Algo) Plantwide and Departmental Predetermined Overhead Rates; Job Costs [LO2-1, LO 2-2, LO2-3, LO2-4] Skip to question [The following information applies to the questions displayed below.] Delph Company uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that 53,000 machine - hours would be required for the period's estimated level of production. It also estimated $980,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $5.00 per machine-hour. Because Delph has two manufacturing departments-Molding and Fabrication-it is considering replacing its plantwide overhead rate with departmental rates that would also be based on machine - hours. The company gathered the following information to enable calculating departmental overhead rates: Molding Fabrication Total Machine - hours 23,000 30,000 53,000 Fixed manufacturing…
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Test and Pack Department 120,000 Total $306,000 The direct labor information for the production of 7,500 units of each product is as follows: Assembly Department Test and Pack Department Blender 750 dlh 2,250 dlh Toaster oven 2,250 750 Total 3,000 dlh 3,000 dlh Four Finger Appliance used direct labor hours to allocate production department factory overhead to products. If required, round all per unit answers to the nearest cent. a. Determine the two production department factory overhead rates. Assembly Department per direct labor hour Test and Pack Department per direct labor hour b. Determine the total factory overhead and the factory overhead per unit allocated to each product. Product Total Factory Overhead Factory Overhead Per Unit Blender Toaster oven
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