Time left 1:59: A Company uses a job-order costing system with a single plantwide predetermined overhead rate based on labor-hours. The company based its predetermined overhead rate for the current year on total estimated manufacturing overhead cost of $120,000 and 3,000 labor-hours. The job sheet of Job1112 shows that the number of units produced in this job order is 5 units. This job required 500 labor-hours and incurred direct materials cost of $5,000 and direct labor costs of $15,500. The unit product cost for Job1112 is: O a. $4,000 O b. $40,500 O c. $8,100 O d. $28,100 Ое. None of the given answers.

Time left 1:59: A Company uses a job-order costing system with a single plantwide predetermined overhead rate based on labor-hours. The company based its predetermined overhead rate for the current year on total estimated manufacturing overhead cost of $120,000 and 3,000 labor-hours. The job sheet of Job1112 shows that the number of units produced in this job order is 5 units. This job required 500 labor-hours and incurred direct materials cost of $5,000 and direct labor costs of $15,500. The unit product cost for Job1112 is: O a. $4,000 O b. $40,500 O c. $8,100 O d. $28,100 Ое. None of the given answers.

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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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A Company uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor cost. The company based its predetermined overhead rate for the current year on total estimated manufacturing overhead cost of 40% of direct labor cost. The job cost sheet of Job2121 shows that the number of units in this job order is 80 units which incurred total of 90 labor- hours. This job consumed $50/unit of direct materials cost and $90/hour of direct labor. What would be the total manufacturing cost for Job2121 approximately? O a. $11,340 O b. $7,240 C. $12,100 O d. None of the given answers. O e. $15,340
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A Company uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor cost. The company based its predetermined overhead rate for the current year on total estimated manufacturing overhead cost of 40% of direct labor cost. The job cost sheet of Job 2121 shows that the number of units in this job order is 50 units which incurred total of 90 labor-hours . This job consumed $ 20 / u * n * i * t of direct materials cost and $90/hour of direct labor. What would be the total manufacturing cost for Job 2121 approximately
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BIven aiISwers A Company uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor cost. The company based its predetermined overhead rate for the current year on total estimated manufacturing overhead cost of 40% of direct labor cost. The job cost sheet of Job2121 shows that the number of units in this job order is 50 units which incurred total of 90 labor-hours. This job consumed $20/unit of direct materials cost and $90/hour of direct labor. What would be the total manufacturing cost for Job2121 approximately? a. $11,340 O b. $4,240 Oc. $9,100 O d. None of the given answers. O e. $12,340 PAGE NEXT PAGE Address hp
Royal Furniture Co. uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on total estimated manufacturing overhead cost of $720,000 and 30,000 machine-hours. The job sheet of Job F2412 shows that the number of units produced in this job order is 40 units. This job required 240 machine-hours and incurred direct materials cost of $350 and direct labor costs of $1,250. The unit product cost for Job F2412 is approximately: a. $184 b. $46 C. $960 d. $64 e. None of the given answers.
Dehner Corporation uses a job - order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following estimates: Total estimated direct labor - hours 44,000 Total estimated fixed manufacturing overhead cost $ 224,400 Estimated Variable manufacturing overhead per direct labor - hour $5.00 Recently, Job P951 was completed with the following characteristics: Total direct labor - hours 100 Direct materials $ 750 Direct labor cost $4,400 The total job cost for Job P951 is Question 10 options: $6, 160 $1,760 $5,150 $ 5, 410
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