Question
Subject: Cost Accounting Chapter: Job Order Costing _________________________________________________________________________________________________________________________________________ Bolander Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours.
Subject: Cost Accounting
Chapter: Job Order Costing
_________________________________________________________________________________________________________________________________________
Bolander Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data:
Total machine-hours | 70,000 |
Total fixed manufacturing overhead cost | $ 294,000 |
Variable manufacturing overhead per machine-hour | $ 2.30 |
Recently, Job M825 was completed with the following characteristics:
Number of units in the job | 20 |
Total machine-hours | 80 |
Direct materials | $ 665 |
Direct labor cost | $ 1,840 |
The unit product cost for Job M825 is closest to:
$125.25 | ||
$37.81 | ||
$59.25 | ||
$151.25
|
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