Office Mate Co. has the following manufacturing cost related to its stationery product: Wages for production workers amounting to $191,000. Determine whether the cost is a direct materials cost, direct labor cost, factory overhead, prime cost, or conversion cost. Costanzo Company manufactures a specialty line of silk-screened blouses. The company uses a job-order costing system. During the month, the following costs were incurred on Job 1041: Direct materials $54,800 Direct labor $19,200 In addition, selling and shipping costs of $28,000 were incurred on the job. Manufacturing overhead was applied at the rate of $25 per machine-hour (MH) and Job 1041 required 320 MHs. If Job 1041 consisted of 5,000 blouses (or units), what is the cost of goods sold per unit? Office Mate Co. has the following manufacturing cost related to its stationery product: Power for manufacturing equipment amounting to $116.000. Determine whether the cost is a direct materials cost, direct labor cost, factory overhead, prime cost, or conversion cost.
Office Mate Co. has the following manufacturing cost related to its stationery product: Wages for production workers amounting to $191,000. Determine whether the cost is a direct materials cost, direct labor cost, factory overhead, prime cost, or conversion cost. Costanzo Company manufactures a specialty line of silk-screened blouses. The company uses a job-order costing system. During the month, the following costs were incurred on Job 1041: Direct materials $54,800 Direct labor $19,200 In addition, selling and shipping costs of $28,000 were incurred on the job. Manufacturing overhead was applied at the rate of $25 per machine-hour (MH) and Job 1041 required 320 MHs. If Job 1041 consisted of 5,000 blouses (or units), what is the cost of goods sold per unit? Office Mate Co. has the following manufacturing cost related to its stationery product: Power for manufacturing equipment amounting to $116.000. Determine whether the cost is a direct materials cost, direct labor cost, factory overhead, prime cost, or conversion cost.
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter4: Accounting For Factory Overhead
Section: Chapter Questions
Problem 17P: Luna Manufacturing Inc. completed Job 2525 on May 31, and there were no jobs in process in the...
Related questions
Question
Prblm
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College