Question

Exercise 2-5 Computing Total Job Costs and Unit Product Costs Using Multiple Predetermined Overhead Rates (LO2-4] 0.62 points

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Solution

Total price of job 700 $                 856.00
Unit product cost $                   57.07

Working

Job 700
Direct material $                 470.00
Direct labor $                 176.00
Overhead applied (144+66) $                 210.00
Total manufacturing cost $                 856.00
Total price of job 700 $                 856.00
Units in job 700 15
Unit product cost $                   57.07

.

Labor cost in Finishing dep $                 128.00
Labor rate $                   16.00
Direct labor hours $                      8.00
Overhaed applied to finishing department $                 144.00
Overhead applied in Fabrication (60 x 110%) $                   66.00
Add a comment
Know the answer?
Add Answer to:
Exercise 2-5 Computing Total Job Costs and Unit Product Costs Using Multiple Predetermined Overhead Rates (LO2-4]...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Exercise 2-5 Computing Total Job Costs and Unit Product Costs Using Multiple Predetermined Overhead Rates (LO2-4)...

    Exercise 2-5 Computing Total Job Costs and Unit Product Costs Using Multiple Predetermined Overhead Rates (LO2-4) Braverman Company has two manufacturing departments—Finishing and Fabrication. The predetermined overhead rates in Finishing and Fabrication are $25.00 per direct labor-hour and 110% of direct materials cost, respectively. The company's direct labor wage rate is $31.00 per hour. The following information pertains to Job 700: Direct materials Direct labor Finishing $ 485 $ 310 Fabrication $ 110 $ 186 Required: 1. What is the...

  • Exercise 2-5 Computing Total Job Costs and Unit Product Costs Using Multiple Predetermined Overhead Rates [LO2-4]...

    Exercise 2-5 Computing Total Job Costs and Unit Product Costs Using Multiple Predetermined Overhead Rates [LO2-4] Braverman Company has two manufacturing departments—Finishing and Fabrication. The predetermined overhead rates in Finishing and Fabrication are $21.00 per direct labor-hour and 110% of direct materials cost, respectively. The company’s direct labor wage rate is $27.00 per hour. The following information pertains to Job 700: Finishing Fabrication Direct materials $ 465 $ 90 Direct labor $ 162 $ 54 Required: 1. What is the...

  • Question: Exercise 2-5 Computing Total Job Costs and Unit Product Costs Using Multiple Predetermined Overhead Rates...

    Question: Exercise 2-5 Computing Total Job Costs and Unit Product Costs Using Multiple Predetermined Overhead Rates [LO2-4] Exercise 2-5 Computing Total Job Costs and Unit Product Costs Using Multiple Predetermined Overhead Rates (LO2-4] Braverman Company has two manufacturing departments-Finishing and Fabrication. The predetermined overhead rates in Finishing and Fabrication are $13.00 per direct labor-hour and 120% of direct materials cost, respectively. The company's direct labor wage rate is $20.00 per hour. The following information pertains to Job 700: Direct materials...

  • Exercise 2-5 (Algo) Computing Total Job Costs and Unit Product Costs Using Multiple Predetermined Overhead Rates...

    Exercise 2-5 (Algo) Computing Total Job Costs and Unit Product Costs Using Multiple Predetermined Overhead Rates (LO2-4] Braverman Company has two manufacturing departments—Finishing and Fabrication. The predetermined overhead rates in Finishing and Fabrication are $20.00 per direct labor-hour and 120% of direct materials cost, respectively. The company's direct labor wage rate is $26.00 per hour. The following information pertains to Job 700: Direct materials Direct labor Finishing $460 $390 Fabrication $ 85 $286 Required: 1. What is the total manufacturing...

  • Exercise 2-5 (Algo) Computing Total Job Costs and Unit Product Costs Using Multiple Predetermined Overhead Rates...

    Exercise 2-5 (Algo) Computing Total Job Costs and Unit Product Costs Using Multiple Predetermined Overhead Rates (LO2-4] Braverman Company has two manufacturing departments—Finishing and Fabrication. The predetermined overhead rates in Finishing and Fabrication are $24.00 per direct labor-hour and 120% of direct materials cost, respectively. The company's direct labor wage rate is $30.00 per hour. The following information pertains to Job 700: Direct materials Direct labor Finishing $480 $270 Fabrication $105 $150 Required: 1. What is the total manufacturing cost...

  • Check my work Exercise 2-5 Computing Total Job Costs and Unit Product Costs Using Multiple Predetermined...

    Check my work Exercise 2-5 Computing Total Job Costs and Unit Product Costs Using Multiple Predetermined Overhead Rates (LO2-4) 7.5 points Braverman Company has two manufacturing departments-Finishing and Fabrication. The predetermined overhead rates in Finishing and Fabrication are $26.00 per direct labor-hour and 120% of direct materials cost, respectively. The company's direct labor wage rate is $32.00 per hour. The following information pertains to Job 700: eBook materials Finishing $ 352 stening Fabrication S 490 Hint Direct labor Fabrication $...

  • Exercise 2-4 (Algo) Computing Total Job Costs and Unit Product Costs Using Multiple Predetermined Overhead Rates...

    Exercise 2-4 (Algo) Computing Total Job Costs and Unit Product Costs Using Multiple Predetermined Overhead Rates (LO2-4) Fickel Company has two manufacturing departments—Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $20.00 per direct labor-hour and $16.00 per direct labor-hour, respectively. The company's direct labor wage rate is $22.00 per hour. The following information pertains to Job N-60: Testing & Packaging $41 $99 Assembly $380 $187 Direct materials Direct labor Required: 1. What...

  • Exercise 2-4 (Algo) Computing Total Job Costs and Unit Product Costs Using Multiple Predetermined Overhead Rates...

    Exercise 2-4 (Algo) Computing Total Job Costs and Unit Product Costs Using Multiple Predetermined Overhead Rates [LO2-4) Fickel Company has two manufacturing departments-Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $20.00 per direct labor-hour and $16.00 per direct labor-hour , respectively. The company's direct labor wage rate is $22.00 per hour. The following information pertains to Job N-60: Testing & Assembly Packaging Direct materials Direct labor $380 $187 $99 Required: 1. What...

  • Exercise 2-3 Computing Total Job Costs and Unit Product Costs Using a Plantwide Predetermined Overhead Rate...

    Exercise 2-3 Computing Total Job Costs and Unit Product Costs Using a Plantwide Predetermined Overhead Rate [LO2-3] 0.62 points Mickley Company's plantwide predetermined overhead rate is $14.00 per direct labor-hour and its direct labor wage rate is $17.00 per hour. The following information pertains to Job A-500: eBook Hint Direct materials Direct labor $ 231 $ 153 Print References Required: 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 40 units, what...

  • Exercise 2-4 (Algo) Computing Total Job Costs and Unit Product Costs Using Multiple Predetermined Overhead Rates...

    Exercise 2-4 (Algo) Computing Total Job Costs and Unit Product Costs Using Multiple Predetermined Overhead Rates (LO2-4) Fickel Company has two manufacturing departments--Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $20.00 per direct labor-hour and $16.00 per direct labor-hour, respectively. The company's direct labor wage rate is $22.00 per hout. The following information pertains to Job N-60: Testing & Assembly Packaging Direct materials Direct labor $380 $187 $41 $99 Required: 1. What...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT