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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