Answered step by step
Verified Expert Solution
Question
1 Approved Answer
ssume a company started and completed numerous jobs during July-one of which was Job Z. The company uses two partmental predetermined overhead rates. The
ssume a company started and completed numerous jobs during July-one of which was Job Z. The company uses two partmental predetermined overhead rates. The rate in the Machining Department is based on machine-hours and the rate in e Assembly Department is based on direct labor-hours. The following additional information from the month of July is ailable for the company as a whole and for Jobs Z: Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Estimated variable manufacturing overhead per direct labor-hour Estimated total machine-hours to be used Estimated total direct labor hours to be worked $ 1.50 Machining $48,000 Assembl $30,000 $ 2.00 10,000 12,000 Job Z Direct materials Direct labor Machine-hours Direct labor-hours What is the total job cost for Job Z? Machining Assembly $1,150 $ 700 $ 1,200 $ 1,400 40 60
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