Exercise 2-4 Computing Total Job Costs and Unit Product Costs Using Multiple PredeterminedOverhead Rates [LO2-4]Fickel Company has two manufacturing departments-Assembly and Testing & Packaging. The predetermined overhead rates inAssembly and Testing & Packaging are $14.00 per direct labor-hour and $10.00 per direct labor-hour, respectively. The company'sdirect labor wage rate is $17.00 per hour. The following information pertains to Job N-60:nts02-28 58Assembly$ 355$102Testing &Packaging$ 31$ 34eBookDirect materialsDirect laborAskPrintRequired:1. What is the total manufacturing cost assigned to Job N-60? (Do not round intermediate calculations.)2. If Job N-60 consists of 10 units, what is the unit product cost for this job? (Do not round intermediate calculations. Round youranswer to 2 decimal places.)eferences1. Total manufacturing cost2. Unit product costper unitPrev4of 4Next-KK**KK***K*MNe here to search

The total manufacturing cost a product includes the direct material cost, direct cost and overhead…

Answered: Exercise 2-4 Computing Total Job Costs…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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9:01 5:34 Manufacturing Overhead consists of which of the following costs: (check all that apply) HUUM ◄ Previous Utilities in the factory Utilities in the corporate office Property taxes on the factory Salary of factory supervisor Materials that are incorporated into a product Prime costs SUBMIT K + CC
Exercise 2-4 (Algo) Computing Total Job Costs and Unit Product Costs Using Multiple Predetermined Overhead Rates [LO2-4] Fickel Company has two manufacturing departments-Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $31.00 per direct labor-hour and $27.00 per direct labor-hour, respectively. The company's direct labor wage rate is $33.00 per hour. The following information pertains to Job N-60 Direct materials Direct labor Assembly $ 435 $462 1. Total manufacturing cost 2. Unit product cost Testing & Packaging $63 $ 165 Required: 1. What is the total manufacturing cost assigned to Job N-60? (Do not round intermediate calculations.) 2. If Job N-60 consists of 10 units, what is the unit product cost for this job? (Do not round intermediate calculations. Round your answer to 2 decimal places.) per unit
Exercise 2-4 (Algo) Computing Total Job Costs and Unit Product Costs Using Multiple Predetermined Overhead Rates [LO2-4] Fickel Company has two manufacturing departments-Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $26.00 per direct labor-hour and $22.00 per direct labor-hour, respectively. The company's direct labor wage rate is $28.00 per hour. The following information pertains to Job N-60: Direct materials Assembly $ 410 Testing & Packaging $ 53 $ 322 $ 70 Direct labor Required: 1. What is the total manufacturing cost assigned to Job N-60? (Do not round intermediate calculations.) 2. If Job N-60 consists of 10 units, what is the unit product cost for this job? (Do not round intermediate calculations. Round your answer to 2 decimal places.) 1. Total manufacturing cost 2. Unit product cost per unit
Exercise 4-5 (Static) Assigning Overhead to Products in ABC [LO4-2, LO4-3] Sultan Company uses an activity-based costing system. At the beginning of the year, the company made the following estimates of cost and activity for its five activity cost pools: Activity Cost Pool Activity Measure Expected Overhead Cost Expected Activity Labor-related Direct labor-hours $ 156,000 26,000 DLHs Purchase orders Number of orders $ 11,000 220 orders Parts management Number of part types $ 80,000 100 part types Board etching Number of boards $ 90,000 2,000 boards General factory Machine-hours $ 180,000 20,000 MHs Required: 1. Compute the activity rate for each of the activity cost pools. 2. The expected activity for the year was distributed among the company’s four products as follows: Activity Cost Pool Expected Activity Product A Product B Product C Product D Labor-related (DLHs) 6,000 11,000 4,000 5,000 Purchase orders (orders) 60 30 40 90 Parts management (part…
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…
EXERCISE 2-4 Computing Total Job Costs and Unit Product Costs Using Multiple Predetermined Overhead Rates LO2-4 Fickel Company has two manufacturing departments-Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $16.00 per direct labor- hour and $12.00 per direct labor-hour, respectively. The company's direct labor wage rate is $20.00 per hour. The following information pertains to Job N-60: Testing Assembly & Packaging $340 $180 Direct materials. $25 Direct labor $40 Required: 1. What is the total manufacturing cost assigned to Job N-60? 2. If Job N-60 consists of 10 units, what is the unit product cost for this job?
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Problem 1 Brabensky Company produces a product in two departments: (1) Assembly and (2) Painting. The company uses a process cost accounting system. Purchased raw materials for $90,000 on account. Raw materials requisitioned for production were: Direct materials Assembly department $77,000 Factory labor used: Assembly department $34,000 Painting department 18,000 Manufacturing overhead is applied to the product based on machine hours used in each department: Assembly department—320 machine hours at $40 per machine hour. Painting department—120 machine hours at $15 per machine hour. Units costing $86,000 were completed in the Painting Department and were transferred to the Finished Good. Finished goods costing $70,000 were sold on cash for $102,000. Instructions Prepare the journal…
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