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production during 2017 totaled S20000 of materials, S16000 of direct labor costs, and S13000 of manufacturing overhead applied. The company ships all goods as soon as they are completed which results in no finished goods inventory on hand at the end of any year. Beginning work in process totaled S22000, and the ending balance is S16000. During the year, the company completed 25 machines. How much is the cost per machine? a) S2840 b) $1960 ) $2200 d) $1720

production during 2017 totaled S20000 of materials, S16000 of direct labor costs, and S13000 of manufacturing overhead applied. The company ships all goods as soon as they are completed which results in no finished goods inventory on hand at the end of any year. Beginning work in process totaled S22000, and the ending balance is S16000. During the year, the company completed 25 machines. How much is the cost per machine? a) S2840 b) $1960 ) $2200 d) $1720

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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4)Crane Company uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2017 totaled S20000 of materials, S16000 of direct labor costs, and $13000 of manufacturing overhead applied. The company ships all goods as soon as they are completed which results in no finished goods inventory on hand at the end of any year. Beginning work in process totaled $22000, and the ending balance is $16000. During the year, the company completed 25 machines. How much is the cost per machine? a) $2840 b) $1960 C) $2200 d) $1720
Transcribed Image Text:4)Crane Company uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2017 totaled S20000 of materials, S16000 of direct labor costs, and $13000 of manufacturing overhead applied. The company ships all goods as soon as they are completed which results in no finished goods inventory on hand at the end of any year. Beginning work in process totaled $22000, and the ending balance is $16000. During the year, the company completed 25 machines. How much is the cost per machine? a) $2840 b) $1960 C) $2200 d) $1720
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