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1) Assume (1) a companys plantwide predetermined overhead rate is $13.00 per direct labor-hour, and (2) its job cost sheet for Job X shows that
1) Assume (1) a companys plantwide predetermined overhead rate is $13.00 per direct labor-hour, and (2) its job cost sheet for Job X shows that this job used 18 direct labor-hours and incurred direct materials and direct labor charges of $500 and $360, respectively. If Job X contains 36 units, then its unit product cost is closest to:
$30.39.
$20.39.
$23.87.
$26.79.
2) Assume (1) a companys plantwide predetermined overhead rate is $13.00 per direct labor-hour, and (2) its job cost sheet for Job X shows that this job incurred direct materials and direct labor charges of $500 and $360, respectively. If Job Xs total job cost is $1,133, how many direct labor-hours were worked on this job?
20
18
21
19
3) Assume that a company pays a 5% sales commission. Also, assume (1) a companys plantwide predetermined overhead rate is $15.50 per direct labor-hour, and (2) its job cost sheet for Job X shows that this job used 18 direct labor-hours and incurred direct materials and direct labor charges of $500 and $360, respectively. What is the total cost of Job X?
$1,152.95
$779.00
$1,195.95
$1,139.00
4) At the beginning of the year, a company estimated that 20,000 direct labor-hours would be required for the periods estimated level of production. The company also estimated $140,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $1.50 per direct labor-hour. The company incurred actual manufacturing overhead costs of $180,000 and it actually worked 20,000 direct labor-hours during the period.
Assume that Job X used 60 direct labor-hours. How much manufacturing overhead would be applied to Job X?
$540
$528
$518
$510
5) At the beginning of the year, a company estimated that 20,000 direct labor-hours would be required for the periods estimated level of production. The company also estimated $140,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $1.50 per direct labor-hour.
Assume that Job X used $200 in direct materials, $288 of direct labor, and 5 direct labor-hours. What is the total job cost for Job X?
$488.00
$538.50
$530.50
$470.50
6) At the beginning of the year, a company estimated a predetermined plantwide overhead rate of $8.50 per machine-hour. Job X used 10 machine-hours and it was charged $200 and $288 for direct materials and direct labor, respectively. What is the total job cost for Job X?
$488.00
$85.00
$452.00
$573.00
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