Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Imani is the controller for Extreme Enterprises, a manufacturing firm that makes processing chips for phones and computers. Each order is considered a job for

image text in transcribed
Imani is the controller for Extreme Enterprises, a manufacturing firm that makes processing chips for phones and computers. Each order is considered a "job" for the firm. Imani has direct costs related to Job 45344 as follows: - 12 hours of labor @ \$21 per hour and - $4,927 of materials In addition, Extreme estimates its overhead related to the manufacture of chips to be $126,840 for the year. The company expects to do 59,206 jobs for the year. The company also expects to use 573,983 labor hours for the year; direct materials are expected to be $531,447 for the year. Question: If Extreme allocates overhead to jobs based on direct material dollars, what is the total cost of Job 45344 ? Round each intermediate step to the nearest 2 decimal places. Round your final answer to the nearest dollar

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_2

Step: 3

blur-text-image_3

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

Frank Woods Business Accounting Volume 1

Authors: Frank Wood, Alan Sangster

11th Edition

0273712128, 978-0273712121

More Books

Students also viewed these Accounting questions

Question

6. What do long, slow waves on an EEG indicate?

Answered: 1 week ago

Question

What made you decide on this subfield of psychology?

Answered: 1 week ago

Question

=+ Who are the buyers/users of the products abroad?

Answered: 1 week ago