Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Fiverr / bx A Download X Home - I X ACCT100 JOB COS X Untitled x maths - X fi Fiverr / b X Republic
Fiverr / bx A Download X Home - I X ACCT100 JOB COS X Untitled x maths - X fi Fiverr / b X Republic X (2) What: x + X c O File C:/Users/shand/Downloads/Discussion%20Question%20_Week%207%20_Job%20Costing%2011%20(1).pdf OPEN CAMPUS Discussion Question Epsilon Manufacturing Company uses a predetermined manufacturing overhead rate based on a percentage of direct labor cost. At the beginning of 2018, they estimated total manufacturing overhead costs at $1,015,000, and they estimated total direct labor costs at $1,400,000. The administration and selling overheads are to be absorbed in each job cost at 15% of production cost. Distribution cost should be added to each job according to quotes from outside carriage companies. The company wishes to quote for job # W500. Data for the job are as follows: Direct materials cost $169,450 Direct labour cost $230,000 400 hours Direct labour hours Special Design Cost Distribution quote from haulage company Units of product produced $12,300 $17,930 250 crates a) Compute Epsilon Manufacturing Company predetermined manufacturing overhead rate for 2018. b) How much manufacturing overhead was allocated to Job #W 500? c) Calculate the total cost & quotation price of Job #W500, given that a margin of 25% is applied. d) How much was the production cost per unit (cost per crate) of finished product? PDF Discussion Questi....pdf w maths.docx Show all Type here to search ^ Ja ) ENG 07:22 30/10/2020 Fiverr / bx A Download X Home - I X ACCT100 JOB COS X Untitled x maths - X fi Fiverr / b X Republic X (2) What: x + X c O File C:/Users/shand/Downloads/Discussion%20Question%20_Week%207%20_Job%20Costing%2011%20(1).pdf OPEN CAMPUS Discussion Question Epsilon Manufacturing Company uses a predetermined manufacturing overhead rate based on a percentage of direct labor cost. At the beginning of 2018, they estimated total manufacturing overhead costs at $1,015,000, and they estimated total direct labor costs at $1,400,000. The administration and selling overheads are to be absorbed in each job cost at 15% of production cost. Distribution cost should be added to each job according to quotes from outside carriage companies. The company wishes to quote for job # W500. Data for the job are as follows: Direct materials cost $169,450 Direct labour cost $230,000 400 hours Direct labour hours Special Design Cost Distribution quote from haulage company Units of product produced $12,300 $17,930 250 crates a) Compute Epsilon Manufacturing Company predetermined manufacturing overhead rate for 2018. b) How much manufacturing overhead was allocated to Job #W 500? c) Calculate the total cost & quotation price of Job #W500, given that a margin of 25% is applied. d) How much was the production cost per unit (cost per crate) of finished product? PDF Discussion Questi....pdf w maths.docx Show all Type here to search ^ Ja ) ENG 07:22 30/10/2020
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