Answered step by step
Verified Expert Solution
Question
1 Approved Answer
4. if moody uses a markup percentage of 120% of its total manufacturing cars than what selling price per unit would it have established for
4. if moody uses a markup percentage of 120% of its total manufacturing cars than what selling price per unit would it have established for job 400 ?
Moody Corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine hours. At the beginning of the year, the company made the following estimates Machine-hours required to support estimated production 155,000 Fixed manufacturing overhead cost $ 658,000 Variable manufacturing overhead cost per machine-hour Required: 1 Compute the plantwide predetermined overhead rate 2 During the year, Job 400 was started and completed. The following information was available with respect to this job: $ 4.80 Direct materials Direct labor cost Machine hours used $ 330 $ 240 30 Compute the total manufacturing cost assigned to Job 400 3. Job 400 includes 50 units, what is the unit product cost for this job? 4. Il Moody uses a markup percentage of 120% of its total manufacturing cost, then what selling price per unit would it have established for Job 400? Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 If Moody uses a markup percentage of 120% of its total manufacturing cost, then what selling price per unit would it have established for Job 400? (Round your intermediate calculations and final answer to 2 decimal places.) Selling price per unit Complete this question by entering your answers in the tabs below. Required la Required 1b Required 2 How much overhead cost should be applied to Job W? Overhead cost Required: 1a. Should any overhead cost be applied to Job W at year-end? 1b. How much overhead cost should be applied to Job W? 2. How will the costs included in Job W's job cost sheet be reported within Sigma Corporation's financial statements at the end year? Complete this question by entering your answers in the tabs below. Required 1a Required 1b Required 2 How will the costs included in Job w's job cost sheet be reported within Sigma Corporation's financial statemer the year? Cost included iridob W job cost sheet ments at the end of diffrent question
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost job V which was started and completed during the current period shows charges of 5600 for direct materials $8300 for a direct labor and $4980 for overhead on edge job cost sheet job W which is still in process a year end shows charges of $3600 for direct materials and $5300 for direct labor.
1a. should any overhead cost be applied to job W at year end?
1b? how much overhead cost should be applied to job W
2. how will the cost included in job W's job because she be reported with the sigma corporations financial statement at the end of the year
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started