B. What is the product unit cost for Cold brew drink, which consist of 500 units and has total direct materials of 4,000 $ and direct labor 3,500, and overhead is 2,500.
Process Costing
Process costing is a sort of operation costing which is employed to determine the value of a product at each process or stage of producing process, applicable where goods produced from a series of continuous operations or procedure.
Job Costing
Job costing is adhesive costs of each and every job involved in the production processes. It is an accounting measure. It is a method which determines the cost of specific jobs, which are performed according to the consumer’s specifications. Job costing is possible only in businesses where the production is done as per the customer’s requirement. For example, some customers order to manufacture furniture as per their needs.
ABC Costing
Cost Accounting is a form of managerial accounting that helps the company in assessing the total variable cost so as to compute the cost of production. Cost accounting is generally used by the management so as to ensure better decision-making. In comparison to financial accounting, cost accounting has to follow a set standard ad can be used flexibly by the management as per their needs. The types of Cost Accounting include – Lean Accounting, Standard Costing, Marginal Costing and Activity Based Costing.
![B. What is the product unit cost for Cold brew drink, which consist of 500 units and has
total direct materials of 4,000 $ and direct labor 3,500, and overhead is 2,500.
C. At the end of the year records show that the actual overhead costs incurred were 10,870
and the amount of overhead cost applied to production was 15,000. Identify the amount
of under or overapplied overhead.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffb46f7b1-950b-4548-8167-08cd039925f9%2F9bb4423d-e53d-4726-b7e2-35e0f98fa7a5%2F2isngxn_processed.png&w=3840&q=75)
![Kojo coffee shop has the following cost: Coffee beans, Barista salary, Coffee shop
Rent, Milk, utilities, and supervisor salary.
. Classify the above XY Coffee shop cost according to the following classifications:
Cost Cost tractability
Cost behavior Value-adding
Financial
statement](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffb46f7b1-950b-4548-8167-08cd039925f9%2F9bb4423d-e53d-4726-b7e2-35e0f98fa7a5%2Fhj8evbu_processed.png&w=3840&q=75)
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![Kojo coffee shop has the following cost: Coffee beans, Barista salary, Coffee shop
Rent, Milk, utilities, and supervisor salary.
. Classify the above XY Coffee shop cost according to the following classifications:
Cost Cost tractability
Cost behavior Value-adding
Financial
statement](https://content.bartleby.com/qna-images/question/fb46f7b1-950b-4548-8167-08cd039925f9/08199302-5cfe-4a53-9cc8-18180c02f3cb/60sajkc_thumbnail.png)
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