Job order costing, housing
required :
1. Identify all production costs that are directly traceable to Job 5. Are all remaining production costs equivalent to overhead found in a manufacturing firm? Are
there nonproduction costs that are directly traceable to the housing unit? Which
ones?
2. Develop a job-order cost sheet for Job 5. What is the cost of building this house?
Did you include finance and marketing costs in computing the unit cost? Why or
why not? How did you determine the cost of land for Job 5?
3. Which of the five cost categories corresponds to overhead? Do you agree with the
way in which this cost is allocated to individual housing units? Can you suggest a
different allocation method?
4. Calculate the selling price of Job 5. Calculate the profit made on the sale of this
unit.
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the beginning of the year, the company used a cost formula to
estimate that it would incur $4,170,000 in manufacturing overhead
cost at an activity level of 556,000 machine-hours. The company
spent the entire month of January working on a large order for
8,900 custom made machined parts. The company had no...
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please answer each one individually thanks
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Dillon Products manufactures various machined parts to customer
specifications. The company uses a job-order costing system and
applies overhead costs to jobs on the basis of machine-hours. At
the beginning of the year, the company used a cost formula to
estimate that it would incur $4,170,000 in manufacturing overhead
cost at an activity level of 556,000 machine-hours. The company
spent the entire month of January working on a large order for
8,900 custom made machined parts. The company had no...
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Purchased materials on account, $ 420 comma 000$420,000
b.
Requisitioned direct materials and...
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