For the year ended December 31, 2017, Waltz Company incurred the following costs on job number 007 for manufacturing 500 units: Original cost accumulation: Direct materials 800,000 Direct labor: 500,000 Manufacturing 125,000 Direct costs of reworking 200 units: Direct materials 320,000 Direct labor 200,000 What is the cost per unit of Job Number 007 if the rework costs were attributable for the exacting specifications?

For the year ended December 31, 2017, Waltz Company incurred the following costs on job number 007 for manufacturing 500 units: Original cost accumulation: Direct materials 800,000 Direct labor: 500,000 Manufacturing 125,000 Direct costs of reworking 200 units: Direct materials 320,000 Direct labor 200,000 What is the cost per unit of Job Number 007 if the rework costs were attributable for the exacting specifications?

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter4: Accounting For Factory Overhead

Section: Chapter Questions

Problem 10E: Compute the total job cost for each of the following scenarios: a. If the direct labor cost method...

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Question

For the year ended December 31, 2017, Waltz Company incurred the following costs on job number 007 for manufacturing 500 units:

Original cost accumulation:

Direct materials 800,000

Direct labor: 500,000

Manufacturing 125,000

Direct costs of reworking 200 units:

Direct materials 320,000

Direct labor 200,000

What is the cost per unit of Job Number 007 if the rework costs were attributable for the exacting specifications?

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