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Job 75 incurred the following costs for the manufacture of 200 units of motors: Original cost accumulation Direct materials Direct labor Factory overhead (150% of direct labor) Direct costs of reworked 10 units Direct materials 13,200 16,000 24,000 2,000 3,200 Direct labor The total rework costs were attributable to exacting specifications of Job 75 and the full rework costs were charged to the specific job. 5. The cost of Job 75 was a. P316 b. P 266 c. P 280 d. P 292

Job 75 incurred the following costs for the manufacture of 200 units of motors: Original cost accumulation Direct materials Direct labor Factory overhead (150% of direct labor) Direct costs of reworked 10 units Direct materials 13,200 16,000 24,000 2,000 3,200 Direct labor The total rework costs were attributable to exacting specifications of Job 75 and the full rework costs were charged to the specific job. 5. The cost of Job 75 was a. P316 b. P 266 c. P 280 d. P 292

FINANCIAL ACCOUNTING
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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The following information relates to Blueberry Company's materials Y 240 Working days per year Normal lead time in working days Maximum lead time in working days 20 45 18. Assuming that the units of material Y will be required evenly throughout the year, the safety stock and order point would be Safety Stock Order Point а. 600 600 1,350 600 b. 600 с. 750 d. 750 1,350 UFC Inc. manufacture 100,000 specialized bulbs for its transformer division. The bulbs will be used evenly throughout the year. The setup cost every time a production run is made isP800 and the cost to carry bulbs in inventory for the year is P4. UFC's objective is to produce the bulbs at the lowest cost possible. 19. Assuming that each production run will be for the same number of bulbs, how many production runs should UFC make? а. 10 b. 14 C. 16. d. 19
Transcribed Image Text:The following information relates to Blueberry Company's materials Y 240 Working days per year Normal lead time in working days Maximum lead time in working days 20 45 18. Assuming that the units of material Y will be required evenly throughout the year, the safety stock and order point would be Safety Stock Order Point а. 600 600 1,350 600 b. 600 с. 750 d. 750 1,350 UFC Inc. manufacture 100,000 specialized bulbs for its transformer division. The bulbs will be used evenly throughout the year. The setup cost every time a production run is made isP800 and the cost to carry bulbs in inventory for the year is P4. UFC's objective is to produce the bulbs at the lowest cost possible. 19. Assuming that each production run will be for the same number of bulbs, how many production runs should UFC make? а. 10 b. 14 C. 16. d. 19
Ihuentury End 330 Job 75 incurred the following costs for the manufacture of 200 units of motors: Original cost accumulation Direct materials 13,200 16,000 24,000 Direct labor Factory overhead (150% of direct labor) Direct costs of reworked 10 units Direct materials 2,000 3,200 Direct labor The totàl rework costs were attributable to exacting specifications of Job 75 and the full rework costs were charged to the specific job. 5. The cost of Job 75 was а. Р316 b. Р 266 С. Р 280 d. P 292 The following data on materials nurchases and iccuaa
Transcribed Image Text:Ihuentury End 330 Job 75 incurred the following costs for the manufacture of 200 units of motors: Original cost accumulation Direct materials 13,200 16,000 24,000 Direct labor Factory overhead (150% of direct labor) Direct costs of reworked 10 units Direct materials 2,000 3,200 Direct labor The totàl rework costs were attributable to exacting specifications of Job 75 and the full rework costs were charged to the specific job. 5. The cost of Job 75 was а. Р316 b. Р 266 С. Р 280 d. P 292 The following data on materials nurchases and iccuaa
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