Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Requirement 1. Calculate the manufacturing cost of Job 303 Requirement 2. How much will the City ofCooperstown pay for this playground equipment? (Round your answers
Requirement 1. Calculate the manufacturing cost of Job 303
Requirement 2. How much will the City ofCooperstown pay for this playground equipment? (Round your answers to the nearest whole number.)
Alltime Industries manufactures custom-designed playground equipment for schools and city parks. Alltime expected to incur $664,000 of manufacturing overhead cost, 41,500 of direct labor hours, and $1,577,000 of direct labor cost during the year (the cost of direct labor is $38 per hour). The company allocates manufacturing overhead on the basis of direct labor hours. During February, Alltime completed Job 302. The job used 160 direct labor hours and required $13,900 of direct materials. The City of Cooperstown has contracted to purchase the playground equipment at a price of 25% over manufacturing cost. Read the requirements Total job cost Requirement 2. How much will the City of Cooperstown pay for this playground equipment? (Round your answers to the nearest whole number.) Total price to charge Choose from any list or enter any number in the input fields and then continue to the next
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started