Small Company produces custom manufacturing equipment. The company uses job-order objs. 2, 3 costing in conjunction with

Question:

Small Company produces custom manufacturing equipment. The company uses job-order objs. 2, 3 costing in conjunction with normal costing. Information pertaining to a recently completed job is as follows:

image text in transcribed

Small Company applies manufacturing overhead using machine hours as the activity base. The predetermined overhead rate is $\$ 5$ per machine hour.

a. What was the total cost of job 423?

b. What was the cost of one unit for job 423 ?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Managerial Accounting Information For Decisions

ISBN: 9780324222432

4th Edition

Authors: Thomas L. Albright , Robert W. Ingram, John S. Hill

See More Books

Question Posted: Jun 05, 2024 01:02 AM

See More Questions

Diamond invests $10,000 of her own money in her new auto detailing business. She then obtains a loan for $5,000 and builds a small workshop in her backyard valued at $15,000. At this point, assets...
Granger Shirt Assembly Company runs a printing operation that produces customized T-shirts. These shirts usually are manufactured with either hand-created embroidery, individual holograms, or...
Pike Skateboard Company makes specialized skateboards. Pike seeks to be the leader in designs for skateboards and produces designs in lot sizes of 1,000 units. Pike sells the full batch of...
You are asked to verify Kepler's Laws of Planetary Motion. For these exercises, assume that each planet moves in an orbit given by the vector- valued function r. Let r = ||r||, let G represent the...
Congratulations! You just won a million-barrel oil well! You are now trying to manage your asset. The previous owner pumped all the oil out of the well and put it into storage tanks; it will cost you...
An investor is willing to pay $1010 for an investment with duration 10 years. If these values are based on a required return of 3% per annum (expressed as a compounding rate), estimate the new price...
Why are the indirect goals known as constraints? Explain.
An advertising executive wants to estimate the mean amount of time that consumers spend with digital media daily. From past studies, the standard deviation is estimated as 45 minutes. a. What sample...
Problem 12-21 Dropping or Retaining a Flight [LO12-2] Profits have been decreasing for several years at Pegasus Airlines. In an effort to improve the companys performance, the company is thinking...
Basic Closet Company manufactures stand-alone cedar-lined wardrobe closets. Basic received Obj. 3 an order for ten specially designed wardrobes to be delivered in eight weeks. The order was assigned...
Trackers Inc. is a manufacturer of various specially designed radar devices. During May, Trackers completed Job 66 and began work on Job 67. Partial information concerning the two jobs is as follows:...
Why the survey vehicle should be parked at least 25 m from the observing station in a static survey?
5.Descibe the HSI color image model 6. Describe the basic relationship between the pixels
1. What is the need for transform? 2. What is Image Transform? 3. What are the applications of transform? 4. Give the Conditions for perfect transform . 5. What are the properties of unitary...
6. Define Fourier transform pair 7. Define Fourier spectrum and spectral density 8. Give the relation for 1-D discrete Fourier transform pair 9. Specify the properties of 2D Fourier transform. 10....
16. What is wrap around error? 17. Give the formula for correlation of 1D continuous function. 18. What are the properties of Haar transform. 19. What are the Properties of Slant transform 20....
21. Define fast Walsh transform. 22. Give the relation for 1-D DCT. 23. Write slant transform matrix SN. 24. Define Haar transform. 25. Define K-L transform. 26. Give the equation for singular value...
What is level scheduling?
What is the shape of the exponential distribution?
Deacon Company is a merchandising company that is preparing a budget for the three - month period ended June 3 0 th . The following information is available Deacon Company Balance Sheet March 3 1...
Mango Company applies overhead based on direct labor costs. For the current year, Mango Company estimated total overhead costs to be $460,000, and direct labor costs to be $230,000. Actual overhead...
Which of the following do we expect to be the horizon growth rate for a company (long term growth rate- say 30-50 years)? A) Inflation B) Industry Average C) Zero D) Market Beta

Small Company produces custom manufacturing equipment. The company uses job-order objs. 2, 3 costing in conjunction with

Question:

Job 423 Direct labor Direct materials Machine hours Units produced $2,500 $750 60 100

Step by Step Answer:

Managerial Accounting Information For Decisions

Students also viewed these Business questions