Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

questions 4-7 Job Costing Report for October (Actual Prices, Costs, and Quantities) Competitive Level Novice Lovel 130 Production Department Data per unit Actual Production (units)

questions 4-7
image text in transcribed
Job Costing Report for October (Actual Prices, Costs, and Quantities) Competitive Level Novice Lovel 130 Production Department Data per unit Actual Production (units) Seling Price Direct Materials ( nylon fabric, polyethylene lines, metal hooks, straps, etc.) Direct Labor hours per unit Direct Labor rate per hour $3,500 $1400 10 35 $5.200 $2,500 24 $22 $39 Variable & Fixed Manufacturing Overhead $90,000 $60,000 Alocated from Service Departments (Actual cost of services) $87,178 $87,822 Compute the overhead applied to each product line, based on total direct material costs (a single rate plant-wide rate). 4. Enter the amount applied to Novice Level Paragliders. 5. Enter the amount applied to Competitive Level Paragliders. 6. Compute the amount Over or Under Applied to Novice Level Paragliders. 7. Compute the amount Over or Under Applied to Competitive Level Paragliders. Enter favorable variance (over applying overed to paulive number because it decases reported coats and intereses reported aparating me Enter unteerable variance funderarying overhead na negative number because to and does not com Compute the overhead applied to each product line, based on total direct labor costs (a single rate plant-wide rate) 8. Enter the amount applied to Novice Level Paragliders. 9. Enter the amount applied to Competitive Level Paragliders. 10. Compute the amount Over or Under Applied to Novice Level Paragliders. 11. Compute the amount Over or Under Applied to competitive Level Paragliders. vere variantepping red Enter unfavorable variance under applying was negali number because it

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

Accounting Managing Business Information Preliminary Edition Volume I

Authors: Thomas L. Albright , Robert W. Ingram

1st Edition

0324061625, 978-0324061628

More Books

Students also viewed these Accounting questions

Question

=+1. Who is responsible for CSRfirms or their stakeholders? Why?

Answered: 1 week ago