Obj. 4 Antolini Enterprises produces men's sports coats that are sold by popular department stores. Each retail order is treated as a job that accumulates materials, labor, and overhead costs for a batch of sports coats. Management has obtained data on the labor costs for four selected jobs over a six-month period. Each selected job represents a similar style and size of sports coat. The data are as follows: Count Direct Labor Hours Direct Labor Rate per Hour Total Direct Labor Cost Job 107 4.50 $14.00 Job 125 7.00 14.00 Job 160 8.80 14.00 Job 192 8 3.20 16.00 a. Determine the direct labor cost per unit for each job. b. Interpret the trend in per-unit labor cost. c. Determine the direct labor hours per sports coat. d. 10 14 16 Interpret what may be happening with Job 192. $63.00 98.00 123.20 51.20

Obj. 4 Antolini Enterprises produces men's sports coats that are sold by popular department stores. Each retail order is treated as a job that accumulates materials, labor, and overhead costs for a batch of sports coats. Management has obtained data on the labor costs for four selected jobs over a six-month period. Each selected job represents a similar style and size of sports coat. The data are as follows: Count Direct Labor Hours Direct Labor Rate per Hour Total Direct Labor Cost Job 107 4.50 $14.00 Job 125 7.00 14.00 Job 160 8.80 14.00 Job 192 8 3.20 16.00 a. Determine the direct labor cost per unit for each job. b. Interpret the trend in per-unit labor cost. c. Determine the direct labor hours per sports coat. d. 10 14 16 Interpret what may be happening with Job 192. $63.00 98.00 123.20 51.20

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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Concept explainers

Pricing

Pricing is used as a term in finance and economics, pricing is the process of fixing a value for a product or a service. Pricing establishes a value for a product or service that the customer has to pay. A business can choose from different strategies while deciding to set prices.

Question

Antolini Enterpri...
CENGAGE MINDTAP
Chapter 2: Job Order Costing
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CengageNOWv2 | Online teaching and learning re...
Q Search this course
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A 8 ?
MAD 2-1 Analyze Antolini Enterprises' Job Costs
Obj. 4 Antolini Enterprises produces men's sports coats that are sold by popular department
stores. Each retail order is treated as a job that accumulates materials, labor, and overhead
costs for a batch of sports coats. Management has obtained data on the labor costs for four
selected jobs over a six-month period. Each selected job represents a similar style and size of
sports coat. The data are as follows:
Count
Direct Labor
Hours
Direct Labor
Rate per Hour
Total Direct
Labor Cost
Job 107
10
4.50
$14.00
Job 125
14
7.00
14.00
Job 160
16
8.80
14.00
Job 192
8
3.20
16.00
a. Determine the direct labor cost per unit for each job.
b. Interpret the trend in per-unit labor cost.
c. Determine the direct labor hours per sports coat.
d. -
A 69
4
Q
%
5
Interpret what may be happening with Job 192.
A
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6
&
со л
7
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MindTap - Cengage Learning
$ 63.00
98.00
123.20
51.20
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>
((
A
+

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After reading an article about activity-based costing in a trade journal for the furniture industry, Santana Rey decides to analyze overhead cost at Business Solutions. In a recent month, Santana found that setup costs, inspection costs, and utility costs made up most of the company's overhead. Additional information about overhead follows. Activity Set up Inspection Utilities Total Budgeted Cost $ 24,920 The following data pertain to Job 615. $ 2,500 $ 3,300 $ Direct materials. Direct labor Overhead Setups Parts inspected Machine hours 5,400 10,800 $ 41,120 Setup Inspection Utilities Budgeted Activity Usage 28 setups 5,400 parts inspected 5,400 machine hours (MH) 5 setups 590 parts inspected 610 machine hours. Required: 1. Classify each of the three overhead activities as unit level, batch level, product level, or facility level. 2. Assume Business Solutions allocates overhead cost using a plantwide rate based on 5,400 machine hours. Compute total product cost of Job 615. 3. Assume…
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Transcribed Image Text:A furniture-making business manufactures quality furniture to customers orders. It has three production departments (A, B and C) which have overhead absorption rates (per direct labour hour) of $12.86, $12.40 and $14.03 respectively. Two pieces of furniture are to be manufactured for customers. Direct costs are as follows. Job MNO Direct material Direct labour Job XYZ $154 20 hours dept A 12 hours dept B 10 hours dept C $108 16 hours dept A 10 hours dept B 14 hours dept C Labour rates are as follows: $3.80(A): $3.50 (B); $3.40 (C) Calculate the total cost of cach job the selling price if there is a markup of 25%
Answer question 4, 5 and 6.