Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Company C is a manufacturing company and produces 4 types of products. They are produced in batches. The data about orders are presented below Products

Company C is a manufacturing company and produces 4 types of products. They are produced in batches. The data about orders are presented below

Products (Order) - Direct labor hours - Indirect labor hours - Production quantity - Kw/h - Number of workers- Direct material costs (TL)- Direct labor costs (TL)

W 3.500 500 100 15.000 30 150.000 130.000

X 4.000 600 60 15.000 40 180.000 170.000

Y 5.000 600 50 20.000 50 300.000 350.000

Z 4.000 600 65 20.000 40 270.000 250.000

In company C;

Salaries of managers are 80.000 TL,

Electricity cost during this period is 140.000 TL,

Other indirect manufacturing costs is 225.000 TL and this is allocated according to prime costs (direct materials used + direct labor costs). Using job costing approach, calculate the unit cost for product Y and show your calculations .

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

Financial Statement Fraud Strategies For Detection And Investigation

Authors: Gerard M. Zack

1st Edition

1118301552, 9781118301555

More Books

Students also viewed these Accounting questions