Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

SU Corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, it is estimated

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
SU Corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, it is estimated that 155,000 machine-hours are required to support the estimated production. Furthermore, the following overhead cost estimates were also made at the beginning of the year: - Variable manufacturing overhead cost: $4.80 per machine-hours - Fixed manufacturing overhead cost: $651,000 Required: 1. Compute the plantwide predetermined overhead rate. 2. During the year, Job AB77 was started and completed. The following information was available with respect to this job: Compute the total manufacturing cost assigned to Job AB77. 3. If Job AB77 includes 50 units, what is the unit product cost for this job? 4. If SU uses a markup percentage of 110% of its total manufacturing cost, then what selling price per unit would it have established for Job AB77? Complete this question by entering your answers in the tabs below. Compute the plantwide predetermined overhead rate. (Round your answer to 2 decimal places.) Complete this question by entering your answers in the tabs below. Compute the total manufacturing cost assigned to Job AB77. (Round "predetermined overhead rate" to 2 decimal places. Round other calculations and final answer to the nearest whole dollar.) Complete this question by entering your answers in the tabs below. If Job AB77 includes 50 units, what is the unit product cost for this job? (Round your intermediate calculations to the nearest whole number and final answer to 2 decimal places.) If SU uses a markup percentage of 110% of its total manufacturing cost, then what selling price per unit would it have estabilshed for Job AB77? (Round your intermediate calculations to the nearest whole number and final answer to: 2 decimal placesi)

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

Custom Edition For University Of Central Florida From Managerial Accounting

Authors: Karen Wilken Braun, Wendy Tietz

3rd Edition

1269451839, 978-1269451833

More Books

Students also viewed these Accounting questions

Question

1. Which is the most abundant gas presented in the atmosphere?

Answered: 1 week ago