Answered step by step
Verified Expert Solution
Question
1 Approved Answer
American Products uses Job Order Costing to determine their product costs. Their factory production has two departments: (1) Assembly and (2) Packaging. Job #779 had
American Products uses Job Order Costing to determine their product costs. Their factory production has two departments: (1) Assembly and (2) Packaging. Job #779 had the following costs: Direct materials in assembly: $44,000 Direct materials in packaging: $12,000 Direct labor used in assembly: 500 hours at $20/hour Direct labor used in packaging: 1000 hours at $15/hour Machine hours in assembly: 1100 machine hours Machine hours in packaging: 300 machine hours POHR for the Assembly Department was $8/machine hour POHR for the Packaging Department was $10/direct labor hour Required: (a) compute the cost of Job #779, showing the costs per department and then for the Job cost. (b) If Job #779 consists of 200 units, what is the unit product cost
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