please explain with formula without plagiarism b) What is the total product cost for each job?Birthday Cake $Wedding Cake$Total Cost Robertson's Fancy Bakery worked on two projects during the month of August. Information on the jobs is given below.Birthday Cake Wedding Cake6.0 lbs9.0 lbs3.0 dozen1.5 lbs3.0 lbs7.0 hours15.0 hours$108Flour $3.00/lbEggs $3.00/dozenSugar $2.00/lbOther ingredients $4.00/lbMixing $2.00/hourDecorating $7.00/hourManufacturing Overhead (actual)0.5 dozen3.0 lbs1.5 lbs5.0 hours4.0 hours$92Do not enter dollar signs or commas in the input boxes.Round your answers to 2 decimal places.a) Calculate direct materials and direct labor for each job.MaterialsLaborBirthday Cake SWedding Cake$b) What is the total product cost for each job?

TOTAL COSTTotal Cost is the cost incurred to manufacturing a product.Total Cost Includes Cost of Raw…

Answered: Robertson's Fancy Bakery worked on two…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 2EB: Salley is developing material and labor standards for her company. She finds that it costs $0.55 per...

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Need expert help please One Stop Invitations & More does customize, hand-crafted wedding memorabilia, in which each batch ofitems is a job. The company has a highly labour-intensive production process, so it allocates manufacturingoverhead based on direct labour hours. The business expects to incur $2,400,000 of manufacturingoverhead costs and to use 40,000 direct labour hours during 20X9. At the end of June 20X9, One Stop Invitations & More reported the following inventories:Raw Materials Inventory $200,000Work-in-Progress Inventory $170,000Finished Goods Inventory $110,000 During July 20X9, One Stop Invitations & More actually used 3,000 direct labour hours and recorded thefollowing transactions. i) Purchased materials on account ................$310,000ii) Manufacturing wages incurred..................... $400,000iii) Materials requisitioned (includes $30,000 of indirect materials)..$420,000iv) Assigned manufacturing wages, 90% direct labour, 10% indirect labourv) Other…
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