For the year ended December 31,2030, Jane Inc. incurred the following cost on Job Order 01 for manufacturing of 1,000 units: Original cost accumulation Direct Materials: 1,000,000 Direct Labor: 800,000 Factory Overhead: 200,000 Direct Cost of reworking 100 Units: Direct Materials: 200,000 Direct Labor: 400,000 1.What is the cost per unit of Job 01 if the rework cost were attributable to the exacting specification of Job order 01? 2. What is the cost per unit of Job 01 if the rework cost were attributable to internal failure?
For the year ended December 31,2030, Jane Inc. incurred the following cost on Job Order 01 for manufacturing of 1,000 units: Original cost accumulation Direct Materials: 1,000,000 Direct Labor: 800,000 Factory Overhead: 200,000 Direct Cost of reworking 100 Units: Direct Materials: 200,000 Direct Labor: 400,000 1.What is the cost per unit of Job 01 if the rework cost were attributable to the exacting specification of Job order 01? 2. What is the cost per unit of Job 01 if the rework cost were attributable to internal failure?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
For the year ended December 31,2030, Jane Inc. incurred the following cost on Job Order 01 for manufacturing of 1,000 units:
Original cost accumulation
Direct Materials: 1,000,000
Direct Labor: 800,000
Factory Overhead: 200,000
Direct Cost of reworking 100 Units:
Direct Materials: 200,000
Direct Labor: 400,000
1.What is the cost per unit of Job 01 if the rework cost were attributable to the exacting specification of Job order 01?
2. What is the cost per unit of Job 01 if the rework cost were attributable to internal failure?
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