Question
Job Measurement Document Cost per cookie: $ 0.40 Cookies produced: Meeting specs 10 Rejected 1 Reworked 4 Sampled for Quality 13 Unexplained Differences 2 Total
Job Measurement Document
Cost per cookie: $ 0.40
Cookies produced:
Meeting specs 10
Rejected 1
Reworked 4
Sampled for Quality 13
Unexplained Differences 2
Total Number 30
Size of cookies: Before baking 4cm
After baking 5cm
Throughput time Minutes
Mix time 6
Bake time 30.00 bake time for one cookie sheet x number of sheets processed Packaging time 7.00
Downtime 15.00
Cleanup time 7
Total Throughput time: 65
Assume an overhead rate of $2 for every $1 of direct materials. Assign each production task an hourly rate or a monthly salary based on your perception of the job market for the task involved. Attempt to quantify actual overhead. List the types of costs that would go into your actual overhead. Evaluate the $2 overhead rate for reasonableness. Reference text Job Order Costing chapter for Job Order Cost Card example
Job Order Cost Card
Customer
Specifications:
Date ordered:
Date completed:
Costs charged to job Previous Months Current Month Cost Summary
Direct material Direct Labor Overhead Totals
Units Completed
Product Unit Cost
Provide details of the calculations:
Direct Material Cost for Recipe/Batch
Direct Labor Cost based on tasks
Factory Overhead per Instructions
Attempt to quantify actual overhead. List the types of costs that would go into your actual OH
Evaluate the $2 overhead rate for reasonableness
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