Question
In: Accounting
Detmer Liebold uses a job-order costing system with a single predetermined overhead rate based on direct...
Detmer Liebold uses a job-order costing system with a single predetermined overhead rate based on direct labor hours. The predetermined overhead rate is based on the following data: Total direct labor hours 70,000
Total fixed overhead cost 273,000
Variable manufacturing overhead per direct labor hour $6.00
Job 924 was recently completed with the following characteristics.
Number of units produced 50
Total direct labor hours 100 Direct materials $680
Direct labor cost $7,000
Complete the following table to calculate the unit product cost for Job 924:
Account Amount Calculations
Total fixed manufacturing overhead cost
+ Total variable manufacturing overhead cost
Total manufacturing overhead cost
/ Direct labor hours
Predetermined overhead rate
Direct materials
Direct labor
Manufacturing overhead applied
Total cost of Job 924
Total cost of Job 924 From calculation above
/ Number of units produced Unit product cost for Job 924
Solutions
Expert Solution
| Account | Amount | Calculations | |||||
| Total fixed manufacturing overhead cost | $273,000 | ||||||
| + | Total variable manufacturing overhead cost | $420,000 | $6.00 | × | 70000 | ||
| Total manufacturing overhead cost | $693,000 | ||||||
| / | Direct labor hours | 70000 | |||||
| Predetermined overhead rate | $9.90 | ||||||
| Direct materials | $ 680 | ||||||
| Direct labor | $ 7,000 | ||||||
| Manufacturing overhead applied | $ 990 | $9.90 | × | 100 | |||
| Total cost of Job 924 | $ 8,670 | ||||||
| Total cost of Job 924 From calculation above | $ 8,670 | ||||||
| / |
Number of units produced Unit product cost for Job 924 |
50 | |||||
| Unit product cost for Job 924 | $ 173.40 | ||||||
Feel free to ask any clarification, if required. Please provide feedback by thumbs up, if satisfied. It will be highly appreciated. Thank you.
ekkarill92 answered 1 year agoRelated Solutions
Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on...
Lupo Corporation uses a job-order costing system with a single
plantwide predetermined overhead rate based on machine-hours. The
company based its predetermined overhead rate for the current year
on the following data:
Total machine-hours
32,700
Total fixed manufacturing overhead cost
$294,300
Variable manufacturing overhead per
machine-hour
$ 2.00
Recently, Job T687 was completed with the following
characteristics:
Number of units in the job
10
Total machine-hours
20
Direct materials
$ 545
Direct labor cost
$1,090
If the company marks up...
Gerstein Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on...
Gerstein Corporation uses a job-order costing system with a
single plantwide predetermined overhead rate based on direct
labor-hours. The company based its predetermined overhead rate for
the current year on total fixed manufacturing overhead cost of
$90,000, variable manufacturing overhead of $3.70 per direct
labor-hour, and 50,000 direct labor-hours. The company recently
completed Job M800 which required 150 direct labor-hours.
The estimated total manufacturing overhead is closest to:
Multiple Choice
$90,000
$275,000
$185,000
$90,004
Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on...
Lupo Corporation uses
a job-order costing system with a single plantwide predetermined
overhead rate based on machine-hours. The company based its
predetermined overhead rate for the current year on the following
data:
Total
machine-hours
32,300
Total fixed
manufacturing overhead cost
$
581,400
Variable
manufacturing overhead per machine-hour
$
2.00
Recently, Job T687 was
completed with the following characteristics:
Number
of units in the job
10
Total
machine-hours
40
Direct
materials
$
630
Direct labor
cost
$
1,260
If the company...
Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on...
Dehner Corporation uses a job-order costing system with a single
plantwide predetermined overhead rate based on direct labor-hours.
The company based its predetermined overhead rate for the current
year on the following data:
Total direct labor-hours
78,000
Total fixed manufacturing overhead cost
$
460,200
Variable manufacturing overhead per direct labor-hour
$
5.00
Recently, Job P951 was completed with the following
characteristics:
Number of units in the job
50
Total direct labor-hours
100
Direct materials
$
710
Direct labor cost
$...
Harootunian Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on...
Harootunian Corporation uses a job-order costing system with a
single plantwide predetermined overhead rate based on
machine-hours. The company based its predetermined overhead rate
for the current year on the following data: Total machine-hours
80,000 Total fixed manufacturing overhead cost $ 312,000 Variable
manufacturing overhead per machine-hour $ 2.10 Recently, Job T629
was completed with the following characteristics: Number of units
in the job 50 Total machine-hours 200 The estimated total
manufacturing overhead is closest to what?
Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on...
Lupo Corporation uses a job-order costing system with a single
plantwide predetermined overhead rate based on machine-hours. The
company based its predetermined overhead rate for the current year
on the following data:
Total machine-hours
32,000
Total fixed manufacturing overhead cost
$
352,000
Variable manufacturing overhead per machine-hour
$
3.00
Recently, Job T687 was completed with the following
characteristics:
Number of units in the job
10
Total machine-hours
40
Direct materials
$
675
Direct labor cost
$
1,350
If the company...
Brown Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on...
Brown Corporation uses a job-order costing system with a single
plantwide predetermined overhead rate based on machine-hours. The
company based its predetermined overhead rate for the current year
on total fixed manufacturing overhead cost of $234,000, variable
manufacturing overhead of $2.60 per machine-hour, and 30,000
machine-hours. The company has provided the following data
concerning Job Z500 which was recently completed:
Number of units in the job
20
Total machine-hours
80
Direct materials
$790
Direct labor cost
$1,580
If the company...
Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on...
Lupo Corporation uses
a job-order costing system with a single plantwide predetermined
overhead rate based on machine-hours. The company based its
predetermined overhead rate for the current year on the following
data:
Total
machine-hours
32,800
Total fixed
manufacturing overhead cost
$
164,000
Variable
manufacturing overhead per machine-hour
$
5
Recently, Job T687 was
completed with the following characteristics:
Number
of units in the job
10
Total
machine-hours
30
Direct
materials
$
745
Direct labor
cost
$
1,490
The amount of...
Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on...
Lupo Corporation uses a job-order costing system with a single
plantwide predetermined overhead rate based on machine-hours. The
company based its predetermined overhead rate for the current year
on the following data:
Total machine-hours
30,400
Total fixed manufacturing overhead cost
$
425,600
Variable manufacturing overhead per machine-hour
$
5.00
Recently, Job T687 was completed with the following
characteristics:
Number of units in the job
10
Total machine-hours
20
Direct materials
$
590
Direct labor cost
$
1,180
If the company...
Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on...
Lupo Corporation uses a job-order costing system with a single
plantwide predetermined overhead rate based on machine-hours. The
company based its predetermined overhead rate for the current year
on the following data: Total machine-hours 31,200 Total fixed
manufacturing overhead cost $ 156,000 Variable manufacturing
overhead per machine-hour $ 3.00 Recently, Job T687 was completed
with the following characteristics: Number of units in the job 10
Total machine-hours 30 Direct materials $ 665 Direct labor cost $
1,330 If the company...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- (2) Cite an example on how organizations like Google, Facebook, Youtube etc collect data for image...
- The legal landscape is perpetually changing. Psychologists must remain abreast of these changes to avoid potentially...
- We are evaluating a project that costs $1.68 million, has a six-year life, and has no...
- In C++ Having call-by-reference allows one to use storeback parameters, i.e., parameters whose values are transmitted...
- You must evaluate a proposal to buy a new milling machine. The base price is $175,000,...
- “Triangle Guessing” game in Python The program accepts the lengths of three (3) sides of a...
- THIS PROGRAM HAS TO BE WRITTEN IN C Single function to perform the parity computation on...
ADVERTISEMENT