Question
Good day tutors. Please help me to analyze the problems below. Thank you so much. You can also leave tips and tricks on how to
Good day tutors. Please help me to analyze the problems below. Thank you so much. You can also leave tips and tricks on how to solve these tricky questions.
1. X Corp incurred the following cost for Job 101 for manufacture of 200 units: Direct materials of 660; Direct labor of 800 and Overhead -applied at 1,200. OH was applied based on DL. 10 units were inspected as defective and can be rework at cost of: Direct materials of 100 and Direct labor of 160. What is the unit cost per finished unit of Job 101 delivered to customer if the rework was due to customer's specifications? 9 points 14.60 15.37 16.63 13.50 None of the above
2. X Corp incurred the following cost for Job 101 for manufacture of 200 units: Direct materials of 660; Direct labor of 800 and Overhead -applied at 1,200. OH was applied based on DL. 10 units were inspected as defective and can be rework at cost of: Direct materials of 100 and Direct labor of 160. What is the unit cost per finished unit of Job 101 delivered to customer if the rework was due to internal failure?
9 points
13.30
14.00
15.80
14.50
None of the above
3. X Corp produced 1,000 units of product X (1 unit has a weight of 1kilo). The company accumulated 1 kilo of excess /small parts as a result of cutting process. The 1 kilo accumulated by X Corp has no sales value. The cost to produce the 1,000 units is 100,000. What is the unit cost of finished unit of product? Assuming the 1 kilo of small parts from cutting department is attributable to specific job. 9 points 10 per unit 99.90 per unit 100 per unit 1,000 per unit None of the above
4. The overhead rate computed by the company is 10 per DL hr (which excludes an allowance for normal spoilage of 2 per DL hr). There are 1,000 units produced with DL cost of 10,000 (DL rate is 20 per DL hr). If normal spoilage was due to customer's specification, what is the Overhead cost per unit? 9 points 5 per unit 10 per unit 10 per DL hr 20 per unit None of the above
X Corp had 3,000 units of WIP at April 1 which were 60% complete as to CC. During April, 10,000 units were completed (completed means TO). At April 30, 4,000 units were remained which were 40% complete as to CC. DM are added at start of process. How many units were started during April? 9 points 10,000 9,000 9,800 11,000 None of the above
5. X Corp had 3,000 units of WIP at April 1 which were 60% complete as to CC. During April, 10,000 units were completed (completed means TO). At April 30, 4,000 units were remained which were 40% complete as to CC. DM are added at start of process. What is the EUP for DM under FIFO? 9 points 11,000 14,000 8,600 9,800 10,000 None of the above
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