Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Exercise 2-4 Computing Total Job Costs and Unit Product Costs Using Multiple Predetermined Overhead Rates [LO2-4] Fickel Company has two manufacturing departmentsAssembly and Testing &

Exercise 2-4 Computing Total Job Costs and Unit Product Costs Using Multiple Predetermined Overhead Rates [LO2-4]

Fickel Company has two manufacturing departmentsAssembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $13.00 per direct labor-hour and $9.00 per direct labor-hour, respectively. The companys direct labor wage rate is $16.00 per hour. The following information pertains to Job N-60:

Assembly Testing & Packaging

Direct materials $ 350 $ 29

Direct labor $ 88 $ 24

Required:

1. What is the total manufacturing cost assigned to Job N-60? (Do not round intermediate calculations.)

2. If Job N-60 consists of 10 units, what is the unit product cost for this job? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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

Current Issues In Auditing

Authors: Michael J Sherer, W Stuart Turley

3rd Edition

ISBN: 1853963658, 978-1853963650

More Books

Students also viewed these Accounting questions

Question

e. What are notable achievements of the group?

Answered: 1 week ago