Question
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?
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