Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Need response asap! The following information is available for completed Job No. 402: Direct materials, $83000; direct labour. $110000; manufacturing overhead applied, $58000, units produced,

Need response asap!
image text in transcribed
image text in transcribed
image text in transcribed
The following information is available for completed Job No. 402: Direct materials, $83000; direct labour. $110000; manufacturing overhead applied, $58000, units produced, 5000 units; units sold, 3100 units. The cost of the finished goods on hand from this job is $27000 $155620. $251000. $95380 Sunland Inc. uses job-order costing for its brand new line of homework machines. The cost incurred for production during 2022 totalled $7800 of materials, $2800 of direct labour costs, and $800 of manufacturing overhead applied. The company ships all goods as soon as they are completed which results in no Finished Goods Inventory on hand at the end of any year. Beginning Work in Process Inventory totalled $5400, and the ending balance is $2800. During the year, the company completed 20 machines. How much is the cost per machine? $840 Not enough information is given. $700 $570 A company expected its annual overhead costs to be $741680 and machine hours to equal 101600 hours. Actual overhead was $745500, and actual machine hours totalled 97800 hours. How much is the company's predetermined overhead rate to the nearest cent, assuming overhead is applied based on machine hours? $7.62 $7.34 $7.30 $7.58

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

Intermediate Accounting Volume 2

Authors: Thomas Beechy, Joan Conrod, Elizabeth Farrell, Ingrid McLeod-Dick

7th Edition

1259108023, 9781259108020

More Books

Students also viewed these Accounting questions