If a job consists of a batch of identical units, how can managers find the unit...
If a job consists of a batch of identical units, how can managers find the unit cost?
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By dividing the total job cost by the number of units in the job = A |
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By tracing direct materials to each unit = B |
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By tracing direct labor to each unit = C |
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By multiplying the total job cost by the number of units in the job = D |
Homework Answers
| Option A is the answer | |
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If the batch of units are identical(similar to each other), Unit cost = Total cost incurred/no of units. Comment if you face any issues |
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If a job consists of a batch of identical units, how can
managers find the unit...
Pritchet Computer Company uses a job order costing system in which each batch manufactured is a...
Pritchet Computer Company uses a job order costing system in which each batch manufactured is a different job. Pritchet Computer Company assigns direct materials and direct labor to each job. The company assigns labor costs at $22 per hour. It allocates manufacturing overhead to jobs based on a predetermined overhead allocation rate, computed as a percentage of direct labor costs. At the beginning of 2020, the controller prepared the following budget: (Click the icon to view the budget.) In November...
Hello, what is the answer to the question? EXERCISE 2–3 Computing Total Job Costs and Unit...
Hello, what is the answer to the question?
EXERCISE 2–3 Computing Total Job Costs and Unit Product Costs Using a Plantwide Predetermined Overhead Rate LO2-3 @ 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: Direct materials $231 Direct labor $153 Required: 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 40 units,...
A job was budgeted to require 3 hours of labor per unit at $11.00 per hour. The job consisted of 8,000 units a...
A job was budgeted to require 3 hours of labor per unit at $11.00 per hour. The job consisted of 8,000 units and was completed in 22.000 hours at a total labor cost of $269,500. What is the total labor cost variance? Ο $2,000 unfavorable Ο $3,000 unfavorable Ο $5,500 unfavorable Ο $8,000 unfavorable. Ο ( 59.000 unfavorable. Georgia, Inc. has collected the following data on one of its products. The direct materials quantity variance is: Direct materials standard (4...
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] Mickley Company's plantwide predetermined overhead rate is $22.00 per direct labor-hour and its direct labor wage rate is $15.00 per hour. The following information pertains to Job A-500: Direct materials Direct labor $ 210 $ 300 Required: 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 30 units, what is the unit product cost for...
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) Mickley Company's plantwide predetermined overhead rate is $21.00 per direct labor-hour and its direct labor wage rate is $11.00 per hour. The following information pertains to Job A-500: Direct materials Direct labor Required: 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 60 units, what is the unit product cost for this job? (Round your...
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] Mickley Company's plantwide predetermined overhead rate is $19.00 per direct labor-hour and its direct labor wage rate is $10.00 per hour. The following information pertains to Job A-500: Direct materials Direct labor $ 260 $ 100 Required: 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 70 units, what is the unit product cost for...
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] Mickley Company's plantwide predetermined overhead rate is $19.00 per direct labor-hour and its direct labor wage rate is $14.00 per hour. The following information pertains to Job A-500: $ 240 $140 Direct materials Direct labor Required: 1. What is the total manufacturing cost assigned 2. If Job A-500 consists of 60 units, what is the unit product cost for this job? (Round your...
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 $14.00 per direct labor-hour and $10.00 per direct labor-hour, respectively. The company's direct labor wage rate is $17.00 per hour. The following information pertains to Job N-60: Direct materials Direct labor Assembly $355 $102 Testing & Packaging $31 $34 Required: 1. What...
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...
Pritchet Computer Company uses a job order costing system in which each batch manufactured is a different job. Pritchet Computer Company assigns direct materials and direct labor to each job. The company assigns labor costs at $22 per hour. It allocates manufacturing overhead to jobs based on a predetermined overhead allocation rate, computed as a percentage of direct labor costs. At the beginning of 2020, the controller prepared the following budget: (Click the icon to view the budget.) In November...
Hello, what is the answer to the question?
EXERCISE 2–3 Computing Total Job Costs and Unit Product Costs Using a Plantwide Predetermined Overhead Rate LO2-3 @ 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: Direct materials $231 Direct labor $153 Required: 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 40 units,...
A job was budgeted to require 3 hours of labor per unit at $11.00 per hour. The job consisted of 8,000 units and was completed in 22.000 hours at a total labor cost of $269,500. What is the total labor cost variance? Ο $2,000 unfavorable Ο $3,000 unfavorable Ο $5,500 unfavorable Ο $8,000 unfavorable. Ο ( 59.000 unfavorable. Georgia, Inc. has collected the following data on one of its products. The direct materials quantity variance is: Direct materials standard (4...
Exercise 2-3 Computing Total Job Costs and Unit Product Costs Using a Plantwide Predetermined Overhead Rate [LO2-3] Mickley Company's plantwide predetermined overhead rate is $22.00 per direct labor-hour and its direct labor wage rate is $15.00 per hour. The following information pertains to Job A-500: Direct materials Direct labor $ 210 $ 300 Required: 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 30 units, what is the unit product cost for...
Exercise 2-3 Computing Total Job Costs and Unit Product Costs Using a Plantwide Predetermined Overhead Rate [LO2-3) Mickley Company's plantwide predetermined overhead rate is $21.00 per direct labor-hour and its direct labor wage rate is $11.00 per hour. The following information pertains to Job A-500: Direct materials Direct labor Required: 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 60 units, what is the unit product cost for this job? (Round your...
Exercise 2-3 Computing Total Job Costs and Unit Product Costs Using a Plantwide Predetermined Overhead Rate (LO2-3] Mickley Company's plantwide predetermined overhead rate is $19.00 per direct labor-hour and its direct labor wage rate is $10.00 per hour. The following information pertains to Job A-500: Direct materials Direct labor $ 260 $ 100 Required: 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 70 units, what is the unit product cost for...
Exercise 2-3 Computing Total Job Costs and Unit Product Costs Using a Plantwide Predetermined Overhead Rate [LO2-3] Mickley Company's plantwide predetermined overhead rate is $19.00 per direct labor-hour and its direct labor wage rate is $14.00 per hour. The following information pertains to Job A-500: $ 240 $140 Direct materials Direct labor Required: 1. What is the total manufacturing cost assigned 2. If Job A-500 consists of 60 units, what is the unit product cost for this job? (Round your...
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 (LO2-4) Fickel Company has two manufacturing departments---Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $14.00 per direct labor-hour and $10.00 per direct labor-hour, respectively. The company's direct labor wage rate is $17.00 per hour. The following information pertains to Job N-60: Direct materials Direct labor Assembly $355 $102 Testing & Packaging $31 $34 Required: 1. What...
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...
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