Fickel Company has two manufacturing departments-Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $14.00 per direct, labor-hour and $10.00 per direct labor-hour, respectively. The company's direct labor wage rate is $17.00 per hour. The following information pertains to Job N-60: Direct materials. Direct labor Assembly $355 $102 Testing & Packaging 1. Total manufacturing cost 2. Unit product cost $31 $34 Required: 1. What is the total manufacturing cost assigned to Job N-60? Note: Do not round intermediate calculations. 2. If Job N-60 consists of 10 units, what is its unit product cost? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. per unit

Fickel Company has two manufacturing departments-Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $14.00 per direct, labor-hour and $10.00 per direct labor-hour, respectively. The company's direct labor wage rate is $17.00 per hour. The following information pertains to Job N-60: Direct materials. Direct labor Assembly $355 $102 Testing & Packaging 1. Total manufacturing cost 2. Unit product cost $31 $34 Required: 1. What is the total manufacturing cost assigned to Job N-60? Note: Do not round intermediate calculations. 2. If Job N-60 consists of 10 units, what is its unit product cost? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. per unit

Name: esFickel Company has two manufacturing departments-Assembly and Testi
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: esFickel 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'sdi

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Computing Total Job Costs and Unit Product Costs Using a Plantwide Predetermined Overhead Rate Mickley Company’s plantwide predetermined overhead rate is $14.00 per direct labor-hour and its direct labor wage rate is $ 17.00 per hour. The following information pertains to Job A-500: Required: 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 40 units, what is the unit product cost for this job?
Please help me
Newhard Company assigns overhead cost to jobs on the basis of 118% of direct labor cost. The job cost sheet for Job 313 includes $20,074 in direct materials cost and $10,700 in direct labor cost. A total of 1,550 units were produced in Job 313. Required: a. What is the total manufacturing cost assigned to Job 313? b. What is the unit product cost for Job 313? a. Total manufacturing cost b. Unit product cost
Carver Test Systems manufactures automated testing equipment. The company uses a job-order costing system and applies overhead on the basis of machine-hours. At the beginning of the year, estimated manufacturing overhead was P1,960,000 and the estimated machine-hours was 98,000. Data regarding several jobs at Carver are presented below. Beginning Direct Direct MachineJob Number Balance Materials Labor HoursXJ-107 ................... P118,600 P4,000 P8,400 150ST-211 ................... P121,450 P2,500 P12,160 300XD-108.................. P21,800 P86,400 P36,650 3,100SL-205 ................... P34,350 P71,800 P32,175 2,700RX-115 .................. P0 P18,990 P21,845 1,400By the end of the first month (January), all jobs but RX-115 were completed, and all completed jobs had been delivered to customers except for SL-205. How much is the Cost of Goods Sold per job?
s
Job 243 was recently completed. The following data have been recorded on its job cost sheet: Direct materials RM48,870 Direct labor-hours 405 labor-hours Direct labor wage rate RM13 per labor-hour Machine-hours 486 machine-hours Number of units completed 2,700 units The company applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is RM11 per machine-hour. REQUIRED: Compute the unit product cost that would appear on the job cost sheet for this job.
Blue Ridge Marketing Inc. manufactures two products, A and B. Presently, the company uses a single plantwide factory overhead rate for allocating overhead to products. However, management is considering moving to a multiple department rate system for allocating overhead. The following table presents information about estimated overhead and direct labor hours. Overhead DirectLabor Hours (dlh) Product A B Painting Dept. $374,640 11,200 dlh 16 dlh 2 dlh Finishing Dept. 100,440 8,100 7 17 Totals $475,080 19,300 dlh 23 dlh 19 dlh The overhead from both production departments allocated to each unit of Product A if Blue Ridge Marketing Inc. uses the multiple production department factory overhead rate method is a.$622.00 per unit b.$33.45 per unit c.$277.70 per unit d.$12.40 per unit
Cavy Company accumulated 540 hours of direct labor on Job 456 and 710 hours on Job 777. The direct labor was incurred at a rate of $18 per direct labor hour for Job 456 and $23 per direct labor for Job 777. Journalize the entry for the flow of labor costs into production. If an amount box does not require an entry, leave it blank. Work in Process Factory Overhead 8
Fickel Company has two manufacturing departments-Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $22.00 per direct labor-hour and $18.00 per direct labor-hour, respectively. The company's direct labor wage rate is $24.00 per hour. The following information pertains to Job N-60: Direct materials Direct labor Assembly $ 390 $ 228 1. Total manufacturing cost 2. Unit product cost Testing & Packaging 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.) $45 $ 132 Answer is complete but not entirely correct. $ $ 971 X 97.10 X per unit
Hw29
ces Mickley Company's plantwide predetermined overhead rate is $20.00 per direct labor-hour and its direct labor wage rate is $15.00 per hour. The following information pertains to Job A-500: Direct materials Direct labor $ 230 $ 75 Required: 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 40 units, what is the unit product cost for this job? (Round your answer to 2 decimal places.) 1. Total manufacturing cost 2. Unit product cost per unit
6