Question

Roberts Fine Furniture Builds coffee tables to specification based on custom orders. The company's direct materials are hardwood and glass. Incidental hardware (wood screws, table leg "feet," etc.) are accounted for as indirect material.

Roberts Fine Furniture builds coffee tables to specification based on custom orders. The company's direct materials are hardwood and glass. Incidental hardware (wood screws, table leg "feet," etc.) are accounted for as indirect material. The company has a small but highly skilled labor force. There was no ending WIP balance at March 31, 2019 but Roberts had plenty of hardwood, both maple and oak, in Direct Materials inventory. Roberts allocates OH to production at the rate of $25 per machine hour. The following activity took place during April 2019: Jones Furniture store placed an order for 10 maple tables. Smith Interiors ordered 18 oak tables. $700 of maple was requisitioned for the Jones job and $2,200 of oak was requisitioned for the Smith job. $4,500 direct labor costs were incurred on the Jones iob. Direct labor costs of $11,500 were incurred in building the Smith tables during the month. Machine hours used for the Jones job totaled 65 hours, for Smith, 107 hours. All of the Jones tables were completed during April. The Smith tables were incomplete at the end of April 1 2 3. 4 2675 62s 5. 6. Show the flow of costs through the WIP account and into Finished Goods inventory. What is the completed total- and per-unit cost of the Jones tables? What is the total- and per-unit cost of the Smith tabless as of April 30, 2019? ** Work in Process (WIP) Inventory Finished Goods Inventory 200 DM 6,000 OL Job Cost Record Job Cost Record Customer Smif Number of units 7 Customer nes Number of units /D $2200 Direct Materials Direct Labor Overhead applied Total Direct Materials 500 ,500 Direct Labor Overhead applied Total

Answer 1

Jones Tables:

Date: WMk in 70 991e 55 Fashl gads Tables $100 Mo $4500 Labeoy $1625 ha $ 100 Makou a 4S00 41629 aheds $200 donl $ 1.500 Labars 2200 Mdsd $14500 Labari Finshy gad Tabl $4S00 Labas $9625 25thes

Total cost of Jones tables - $6,825

per unit cost - $682.5

Smith tables:

Total cost of smith tables - $16,375

per unit cost - $909.72