Homework Answers
Answer: 1 Calculation of per unit cost.
| Particulars | Job13-280 | job 13-282 |
| Material Cost | 4730 | 5600 |
| Transfer cost from13-281 =100@25 | 2578 | |
| Transfer from 13-282 =100 [email protected] | 7744 | |
| Direct Labor cost | 2000 | 800 |
| Setting up cost @$20 per | 400 | 500 |
| Machining cost@ $5.1 Per hours | 408 | 204 |
| Other overhead @ 80% of Direct lab. cost | 1600 | 640 |
| Total | $19,460 | $7,744 |
| No. of unit | 200 | 100 |
| Cost Per unit | $97.30 | $77,44 |
2
| particulars | Job 13-281 |
| Material | 3800 |
| Labors cost | 4600 |
| Machine cost @5.1per | 510 |
| Setup cost @20 per | 300 |
| Other Overhead | 3680 |
| total | $12890 |
| units | 500 |
| Cost per unit | 25.78 |
| Transfer to job 13-280 | 100 unit |
| Cost of Wip @400*25.78 | $10,312 |
3 Selling Price
Cost job 13-281 =97.30
Profit (BF) =48.65
Selling Price (150 % of 97.30) =145.95
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Job 79
Job 80
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270
250
330
Units sold
—
250
—
Materials requisitioned
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$1,300
$3,729
Direct labor hours
297
275
528
Direct labor cost
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Job Costs, Ending Work in Process
During March, Aragon Company worked on three jobs. Data relating
to these three jobs follow:
Job 78
Job 79
Job 80
Units in each order
270
250
330
Units sold
—
250
—
Materials requisitioned
$1,620
$1,300
$3,729
Direct labor hours
297
275
528
Direct labor cost
$2,970
$3,575
$4,224
Overhead is assigned on the basis of direct labor hours at a
rate of $7.60 per...
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