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Assume a company had no jobs in progress at the beginning of July and no beginning inventories. It started and completed only two Jobs during
Assume a company had no jobs in progress at the beginning of July and no beginning inventories. It started and completed only two Jobs during July-Job Y and Job Z. The company uses a plantwide predetermined overhead rate based on direct labor-hours. The following additional information from the month of July is available for the company as a whole and for Jobs Y and Z: Estimated total fixed manufacturing overhead $13, 000 Estimated variable manufacturing overhead per direct labor-hour $ 1.00 Estimated total direct labor hours to be worked 2, 900 Total actual manufacturing overhead costs incurred $12, 800 Job Y Job Z Direct materials $13, 060 $8,000 Direct labor cost $21, 060 $7,500 Actual direct labor hours worked 1 , 460 500 Assuming Job Z contains 200 units, what Is Job Z's unit product cost? Multiple Choice O $96.25 O $86.25 O $106.25 O $98.25A company produces numerous blends of coffee, two of which are known as the French Blend and the Italian Blend. The company's ABC system divides its total manufacturing overhead of $1,982,500 into four activity cost pools as shown below. Activity Activity Measure Expected Activity Estimated Cost Purchasing Purchase orders 1, 500 orders $330, 006 Materials handling Number of setups 1, 800 setups $540, 000 Quality control Number of batches 600 batches $210,006 Roasting Roasting hours 98, 000 hours $902, 500 Data regarding production of the French and Italian blends is as follows: French Blend Italian Blend Expected sales 100, 090 pounds 5,090 pounds Batch size 50, 090 pounds 1, 250 pounds Setups 3 per batch 3 per batch Purchase order size 20, 090 pounds 500 pounds Roasting time per 100 pounds 0.7 hours 0.5 hours Assume the company uses a plantwide predetermined over rate based on roasting hours. The amount of manufacturing overhead assigned to the French Blend for its expected sales would be closest to: Multiple Choice O $0.98. O $14.16. O $980. O $14.161.Which of the following statements Is false? Multiple Choice O Finished goods inventory is included in a balance sheet. O Finished goods inventory includes direct materials used in production. O Finished goods inventory includes actual manufacturing overhead costs assigned to jobs completed during the period. O Finished goods inventory includes direct labor costs
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