Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 2 - Week 3 (7 marks) Tik Tok Company manufactures customized coffee tables. The following relates to Job No. X10, an order for 150

image text in transcribed

Question 2 - Week 3 (7 marks) Tik Tok Company manufactures customized coffee tables. The following relates to Job No. X10, an order for 150 coffee tables: Direct materials used $22 800 Direct labour hours worked 600 Direct labour rate per hour $16.00 Machine hours used 400 Applied factory overhead rate per machine hour $30.00 Required: a) What is the total manufacturing cost for Job No. X10? (3 marks) b) Calculate the cost per coffee table for Job No. X10? (2 marks) C) List two uses of this unit cost information to the managers at Tik Tok Company. (2 marks) SHOW YOUR WORKING

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

Financial And Managerial Accounting The Basis For Business Decisions

Authors: Jan Williams, Sue Haka, Mark S Bettner

13th Edition

0072942827, 978-0072942828

More Books

Students also viewed these Accounting questions

Question

What research studies are you interested in conducting?

Answered: 1 week ago

Question

=+2. How can the revenue model of the music industry be described?

Answered: 1 week ago