If Job 78 produced 80 units, how much is the unit cost? KKB Company designs and installs
Fantastic news! We've Found the answer you've been seeking!
Question:
If Job 78 produced 80 units, how much is the unit cost?
Transcribed Image Text:
KKB Company designs and installs upscale kitchens and bathrooms. On May 1, there were three jobs in process, Jobs 77, 78 and 79. During May, two more jobs were started, Jobs 80 and 81. By May 31, Jobs 77, 78 and 80 were completed. The following data were gathered: Job 77 Job 78 May 1 balance Direct materials Direct Labor $ 875 690 Job 79 $1,140 $410 320 500 3,500 2,750 450 420 80 1,800 1,300 Overhead is applied at the rate of 150% of direct labor cost. Jobs are sold at cost plus 30%. Operating expenses for May totalled $2,700.00 Job 80 0 $ Job 81 $0 KKB Company designs and installs upscale kitchens and bathrooms. On May 1, there were three jobs in process, Jobs 77, 78 and 79. During May, two more jobs were started, Jobs 80 and 81. By May 31, Jobs 77, 78 and 80 were completed. The following data were gathered: Job 77 Job 78 May 1 balance Direct materials Direct Labor $ 875 690 Job 79 $1,140 $410 320 500 3,500 2,750 450 420 80 1,800 1,300 Overhead is applied at the rate of 150% of direct labor cost. Jobs are sold at cost plus 30%. Operating expenses for May totalled $2,700.00 Job 80 0 $ Job 81 $0
Expert Answer:
Related Book For
Cornerstones of Cost Management
ISBN: 978-1285751788
3rd edition
Authors: Don R. Hansen, Maryanne M. Mowen
Posted Date:
Students also viewed these accounting questions
-
Question 1. 1. When a job is completed and all costs have been accumulated on a job cost sheet, what is the the journal entry that should be made? (Points : 2) Debit Credit Finished goods inventory...
-
Greenthumb Landscape Design designs landscape plans and plants the material for clients. On April 1, there were three jobs in process, Jobs 68, 69, and 70. During April, two more jobs were started,...
-
Ensign Landscape Design designs landscape plans and plants the material for clients. On April 1, there were three jobs in process, Jobs 39, 40, and 41. During April, two more jobs were started, Jobs...
-
Use trigonometry/parallelogram law to determine the resultant force (magnitude and direction from the positive x-axis) of the two forces. Lunits units 30 Problem 1/2 27 units
-
In the article "Reproductive Ecology and Cub Survival of Florida Black Bears" (Journal of Wildlife Management, Vol. 71, Issue 3, pp. 720-727), E. Garrison et al. investigated cub survival rates of...
-
You place an order for 350 units of inventory at a unit price of $140. The supplier offers terms of 1y10, net 30. a. How long do you have to pay before the account is overdue? If you take the full...
-
Prepare a sales budget for a not-for-profit organization (Learning Objective 2) Great Start Preschool operates a not-for-profit morning preschool. Each family pays a nonrefundable registration fee of...
-
Zaro Companys balance sheets for December 31, 2009 and 2008, income statement for the year ended December 31, 2009, and the statement of cash flows for the year ended December 31, 2009, follow: The...
-
C. Solve the following problems. Show your complete solution. 1. The sum of two numbers is 9and the sum of their squares is 45. Find the numbers. 2. The difference of the cubes of two numbers is 37....
-
The following is the statement of financial position of Rasheed Brothers Corporation (amounts in thousands). Instructions Evaluate the statement of financial position presented. State briefly the...
-
Ashton Company, a distributor of exercise equipment, is preparing a cash budget for December. It provided the following information: a. The cash balance on December 1 is $47,600. b. Actual sales for...
-
Discuss the role of women and children as agents of resistance against neocolonialism in Ngugi wa Thiongo Trial of Dedan Kimathi
-
Describe context in communication
-
How would public speaking expand ones professional network
-
Why education is considered a science
-
How can we design a wireless power transmission system that can efficiently and safely deliver megawatts of power over long distances (several kilometers) while minimizing energy losses due to...
-
(To assign labor to jobs J57 & K52) (To assign overhead to jobs J57 & K52) (To record completion of jobs J57 & K52)
-
Don Griffin worked as an accountant at a local accounting firm for five years after graduating from university. Recently, he opened his own accounting practice, which he operates as a corporation....
-
Refer to the data given in Problem 4.34 and suppose that the expected activity costs are reported as follows (all other data remain the same): Other overhead activities: Activity Cost Purchasing...
-
Classify the following quality costs as prevention, appraisal, internal failure, or external failure. Also, label each cost as variable or fixed with respect to sales volume. 1. Quality engineering...
-
Forchen, Inc., requires an 8 percent minimum rate of return. Required: 1. Calculate residual income for the Small Appliances Division. 2. Calculate residual income for the Cleaning Products Division....
-
Compare investments with different cash flows and residual values (Learning Objectives 2, 4) Java Cafe is considering two possible expansion plans. Plan A is to open eight cafes at a cost of...
-
Evaluate an investment using all four methods (Learning Objectives 2, 4) Zippi manufactures motorized scooters in Oakland, California. The company is con sidering an expansion. The plan calls for a...
-
Retirement planning in two stages (Learning Objective 3) You are planning for an early retirement. You would like to retire at age 50 and have enough money saved to be able to draw $225,000 per year...
Study smarter with the SolutionInn App