The Omega Company manufactures customized motors on a job-order basis. Job 492 is an order for...
The Omega Company manufactures customized motors on a job-order basis.
Job 492 is an order for 100 units. It requires the following:
direct materials $3,000
direct labor ($10/hr) 1,000
overhead (150% DL$) 1,500
After inspection, 2 units required rework which required 8 additional direct labor hours and $60 of materials.
If the rework is considered abnormal spoilage, what is the cost of job 492?
Homework Answers
Total cost before spoilage
= Direct Materials + Direct Labor + overhead
= 3000+1000+1500
= 5500
Cost for Rework = Direct Materials 60 + Direct Labor (8*10) + Overhead (8*10*150%)
= 60 + 80 + 120 = 260
Total Cost of job = 5500 + 260
= $5760
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The Omega Company manufactures customized motors on a job-order
basis.
Job 492 is an order for...
10.The Omega Company manufactures customized motors on a job-order basis. Job 492 is an order for...
10.The Omega Company manufactures customized motors on a job-order basis. Job 492 is an order for 100 units. It requires the following: direct materials $3,000 direct labor ($10/hr) 1,000 overhead (150% DL$) 1,500 After inspection, 2 units required rework which required 8 additional direct labor hours and $60 of materials. If the rework is considered normal spoilage, what is the journal entry for overhead control? a.no journal entry is needed b. materials$60 payroll$80 overhead control$140 c. overhead control$140 materials$60 payroll$80...
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Direct labor rate per hour
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