The following cost data relates to Job 2A32: Direct material RO 10,000, Direct labor cost RO 4,500 Manufacturing overhead cost is 140 machine hours @ RO 25 per machine hour and selling overheads RO 14,000. The Job 2A32 consists of 2,000 units and has been completed. Determine the cost of production per unit of Job 2A32? a. RO 5 b. RO 9 c. RO 16 d. RO 61

Q: A company makes two products 1 and 2. The finishing activity pool has estimated manufacuring costs…

A: Manufacturing overhead cost - it is the total indirect cost incurred during the manufacturing of a…

Q: Braverman Company has two manufacturing departments-Finishing and Fabrication. The predetermined…

A: Job costing is one of useful form of costing being used in business. Job costing is applied where…

Q: total manufacturing overhead costs to assigned

A: Total manufacturing cost assigned to finishing activity cost pool for Product 2 = Estimated…

Q: Estimated total machine-hours used Molding 2,500 Fabrication 1,500 Total 4,000 Estimated total fixed…

A: PREDETERMINED OVERHEAD RATEPredetermined rate means the indirect cost rate.Predetermined overhead…

Q: m Job 117 was completed, direct materials totaled $9,518; direct labor, $14,467; and factory…

A: The cost per unit is derived from the variable costs and fixed costs incurred by a production…

Q: Please compute the Cost per Unit of the 1,000 products that were completed as part of Job 711. The…

A: Job costing is related to the costing of special orders or special contracts. Under this, production…

Q: The information given below has been taken from the costing records of an industry in respect of job…

A: All amounts are in (TK) currency.

Q: When Job 117 was completed, direct materials totaled $17,100; direct labor, $22,230; and factory…

A: Job cost is a method of ascertaining the total cost of specific job. It can be calculated on the…

Q: Sybil, Inc. uses a predetermined overhead allocation rate to allocate manufacturing overhead costs…

A: Note:  Predetermined overhead rates are estimated before the beginning of any accounting year by…

Q: ed at the request of a customer : Dept. A 4,000 terial consumed (O rect labour : ge rate per hour (…

A: 1)    Dept A   Dept B   Dept C   Total   Direct material   $      4,000  $      1,000  $…

Q: Braverman Company has two manufacturing departments-Finishing and Fabrication. The predetermined…

A: The pre-determined overhead rate is calculated as the estimated overhead costs divided by the…

Q: XYZ Company provided the following information regarding Product XY: Direct material costs OMR3 per…

A: Calculating Cost of a job for 550 units of XY, which uses a total of 150 Direct Labor hours. Given…

Q: Please compute the cost per unit of the 1000 products that were completed as part of the job 711.…

A: Given: DM= $4,000.00 DL= $4,600. 00 FOH= $2,400.00

Q: The following costs were incurred on Job No. 150. Materials US$10,000 Wages: Department 1 30 hours…

A: First, we need to calculate the total wages for each department. This is done by multiplying the…

Q: Fickel Company has two manufacturing departments-Assembly and Testing & Packaging. The predetermined…

A: The total manufacturing costs comprises direct materials, direct labor and overhead applied costs.…

Q: Mickley Company's plantwide predetermined overhead rate is $24.00 per direct labor-hour and its…

A: Predetermined overhead rate = $24 per direct labor hour.Direct labor rate = $11 per hour.Direct…

Q: Mickley Company's plantwide predetermined overhead rate is $20.00 per direct labor-hour and its…

A: Total Manufacturing cost assigned to job  A              $520

Q: Acme Company manufactures and sells two products, Product A and Product B. Acme's total…

A: PREDETERMINED OVERHEAD RATEPredetermined rate means an indirect cost rate.Predetermined overhead…

Q: 425 was recently completed. The following data have been recorded on its job cost sheet: Direct…

A: Cost sheet is a method of allocating total cost into different categories such as direct material…

Q: Glenmont Company is attempting to determine costs associated with various jobs. Current production…

A: Total cost is the collective term for all costs associated with production, including both fixed and…

Q: Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are…

A: The overhead allocation is a method of allocating indirect costs to the goods produced. It can be…

Q: Mason Company has two manufacturing departments-Machining and Assembly. All of the company's…

A: The overhead is applied to the production on the basis of pre-determined overhead rate. The overhead…

Q: A company makes two products 1 and 2. The finishing activity pool has estimated manufacuring costs…

A: Cost allocation is a process of assigning or allocating indirect cost to each and every unit using a…

Q: Job 2928 requires $38,000 of direct materials, $12,000 labour hours, and 375 machine hours.…

A: The total manufacturing cost comprises Direct materials, direct labor and overhead applied costs.…

Q: Mickley Company's plantwide predetermined overhead rate is $21.00 per direct labor-hour and its…

A: Lets understand the basics.Job cost gets calculated by using below formula.Job cost = Direct…

Q: It takes 100,000 direct labor hours to manufacture the product. Total overhead for the product is…

A: Introduction: Traditional costing refers to the allocation of factory overhead to products based on…

Q: Job 243 was recently completed. The following data have been recorded on its job cost sheet:…

A: Job order costing is a type of costing, under which all costs are being examined and analysed on the…

Q: A company has an overhead application rate of 120% of direct labor costs. How much overhead would be…

A: Overhead:- It is those costs that are required for the day-to-day operation of the business but…

Q: .Halcyon Company just completed Job #22.  See details below. Direct labor cost: $2,040 Direct…

A: Total costs = Direct materials cost + Direct labor cost + manufacturing overhead applied Cost per…

Q: A company makes two products 1 and 2. The finishing activity pool has estimated manufacuring costs…

A: Solution: Total estimated overhead costs = $85,557 + $67,616 = $153,173 Budgeted direct labor hours…

Q: -Copr., Goedl Job Blue2B incurred the following: $15,000 direct material, $12,600 direct labor, 800…

A: Job costing is a method used by businesses to track and allocate costs to specific jobs or projects.…

Q: Fickel Company has two manufacturing departments-Assembly and Testing & Packaging. The predetermined…

A: Manufacturing cost encompasses all the expenditures that occur during the process of producing goods…

Q: Mickley Company's plantwide predetermined overhead rate is $20.00 per direct labor-hour and its…

A: The overhead is applied to the production on the basis of the pre-determined overhead rate. The…

Q: Braverman Company has two manufacturing departments-Finishing and Fabrication. The predetermined…

A: Product cost is the amount of cost which is incurred by the entity on the making of the goods. It…

Q: Job 53 at BV Fabrications required $200 of direct materials and 10 direct labour hours at $15 per…

A: Overhead are the indirect costs that are incurred for manufacturing of goods in the factory.

Q: Company XYZ uses a job order costing system. During the year, Job XY was started and completed. The…

A: Calculation of Selling price per unit established for Job XY:- Total manufacturing…

Q: A company makes two products 1 and 2. The finishing activity pool has estimated manufacuring costs…

A: Under the traditional costing method for allocation, the manufacturing overhead cost is allocated…

Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit.  Overhead expenses depend upon the nature of the business operations.