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?

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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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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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 Direct labor Manufacturing P800,000 500.000 125,000 Direct costs of reworking 200 units Direct materials Direct labor P320,000 What is the cost per unit of Job number 007 if the rework costs were attributable to the exacting specifications?