Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Problem (tl) Job Order Costing SHIMA SHU Company was border conting system. The company appliex manufacturing sveta so jos sega predetermined verbal ate based on

image text in transcribed
image text in transcribed
image text in transcribed
Problem (tl) Job Order Costing SHIMA SHU Company was border conting system. The company appliex manufacturing sveta so jos sega predetermined verbal ate based on a bean Beginning are your facturing overhead and main-houwd S160,000 and 10.000 hours respectively, for the year. In lume, oh 100 was completed, Mammon the job soald $3,000 and labor costs totaled 54.0 56 per hour se 100 roquired 1.000 machine hours. At the end of the year, it was determined that the company wekel 15.000 laborbonaal 45.00 machine hun for the year, and newed 5190,000 in actual manufacturing the costs Required a Calelate the predetermined overhead role for the year Determine the total of 100 Axuning that 100 units were completed determine the units that would appear on the job post sheet for Job 100 d. ISHIM ASU want to charge to its customer at 406 marop cost how much SHIM & SH charge for Job 100 e Determine the amount of underapplied or overapplied overhead for the year, Problem (IT) Job Order Costing SHIM & SHU Company uses a job-order costing system. The company applies manufacturing overhead to jobs using a predetermined overhead rate based on machine-hours. Beginning of the year, manufacturing overhead and machine-hours were estimated at $160,000 and 40,000 hours respectively, for the year. In June, Job #100 was completed. Materials costs on the job totaled $3,000 and labor costs totaled $4,800 at $6 per hour. Job #100 required 1,000 machine hours. At the end of the year, it was determined that the company worked 15,000 labor-hours and 45,000 machine hours for the year, and incurred $190,000 in actual manufacturing overhead costs. Required: a. Calculate the predetermined overhead rate for the year. b. Determine the total costs of Job #100. c. Assuming that 100 units were completed, determine the unit cost that would appear on the job cost sheet for Job #100

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

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

Research On Professional Responsibility And Ethics In Accounting Volume 24

Authors: Charles Richard Baker

1st Edition

180071758X, 9781800717589

More Books

Students also viewed these Accounting questions

Question

How does nonverbal communication express cultural values?

Answered: 1 week ago