Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

sweeten company had no jobs at the beginning of March and no beginning inventories. It started only two jobs during March-Job P and Job Q.

sweeten company had no jobs at the beginning of March and no beginning inventories. It started only two jobs during March-Job P and Job Q. Job P was completed and sold by the end of the March and job Q was incomplete at then end of the March. The company uses a plantwide predetermined overhead rate based on direct labor hours. The following additional information is available for the company as a whole and for JObs P and Q. Estimated total fixed manufacturing overhead.... $10,000. Estimated variable manufacturing overhead per direct labor hour...$1.00. Estimated total direct labor-hours to be worked...2,000. Total actual manufacturing overhead costs incurred...$12,500. Direct materials...Job P $13,000 Job Q $8000. Direct labor cost...Job P $21000 Job Q 7500. Actual direct labor-hours worked... Job P 1400 Job Q500. If job P includes 20 units, what is it's product cost? What is the total amount of manufacturing cost assigned to Job Q as of the end of March?

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_2

Step: 3

blur-text-image_3

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

Bookkeeping And Accounting For Beginners

Authors: Warren Piper Ruell

1st Edition

1654626090, 978-1654626099

More Books

Students also viewed these Accounting questions

Question

You can expect care, treatment and support that meets your needs.

Answered: 1 week ago