Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Braverman Company has two manufacturing departments-Finishing and Fabrication. The predetermined overhead rates in Finishing and Fabrication are $16.00 per direct labor-hour and 110% of direct

image text in transcribed
image text in transcribed
Braverman Company has two manufacturing departments-Finishing and Fabrication. The predetermined overhead rates in Finishing and Fabrication are $16.00 per direct labor-hour and 110% of direct materials cost, respectively. The company's direct labor wage rate is $23.00 per hour. The following information pertains to Job 700: Direct materials Direct Lohor Finishing $445 $ 276 Fabrication $20 $184 Required: 1. What is the total manufacturing cost assigned to Job 700? 2. M Job 700 consists of 5 units, what is the unit product cost for this job? (Round your answer to 2 decimal places.) 1 Total marfacturing com 2. Un product.com per unit Newhard Company assigns overhead cost to jobs on the basis of 112% of direct labor cost. The job cost sheet for Job 313 includes $21.914 in direct materials cost and $10,300 in direct labor cost. A total of 1.250 units were produced in Job 313. Required: a. What is the total manufacturing cost assigned to Job 313 b. What is the unit product cost for Job 313? a Total manufacturing cost Unit product cost

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Integrated Audit Practice Case

Authors: David S. Kerr, Randal J. Elder, Alvin A. Arens

5th Edition

0912503351, 9780912503356

More Books

Students also viewed these Accounting questions

Question

2. What are the prospects for these occupations?pg 87

Answered: 1 week ago