Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Liwa company assigns overhead cost to completed jobs on the basis of direct labor cost. The job cost sheet for Job A22 shows that

Liwa company assigns overhead cost to completed jobs on the basis of direct labor cost. The job cost sheet 

Liwa company assigns overhead cost to completed jobs on the basis of direct labor cost. The job cost sheet for Job A22 shows that AED 54,000 in direct materials has been used on the job and that $ 40,000 in direct labor cost has been incurred. The POHR is estimated to be AED 0.75 per AED 1 direct labor cost. Required: 1-Calculate the cost of the Job A22. 2-Calculate the cost per unit if the company produced 10,000 units for the Job A22?

Step by Step Solution

3.43 Rating (153 Votes )

There are 3 Steps involved in it

Step: 1

SOLUTION To calculate the cost of Job A22 we need to consider both the direct material... 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

Managerial Accounting

Authors: Ray Garrison, Eric Noreen and Peter Brewer

14th edition

978-007811100, 78111005, 978-0078111006

More Books

Students also viewed these Accounting questions

Question

Describe specific developments that advanced cognitive psychology.

Answered: 1 week ago