Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

The following costs were incurred on Job No . 1 5 0 . Materials US$ 1 0 , 0 0 0 Wages: Department 1 3

The following costs were incurred on Job No.150.
Materials US$10,000
Wages:
Department 1
35 hours at $15 per hour
Department 2
20 hours at $10 per hour
Department 3
15 hours at $8 per hour
Variable Overheads:
Department 1
$9 per hour
Department 2
$8 per hour
Department 3
$7 per hour
Fixed Overheads: Estimated at $25,000 for 1,250 normal working hours.
What is the cost of Job 150 and the price to give profit of 20% on selling price?
Question 19Select one:
A.
$12,605 and $15,756
B.
$12,825 and $16,031
C.
$12,210 and $17,460
D.
$12,430 and $20,758

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Advanced Accounting

Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik

10th edition

0-07-794127-6, 978-0-07-79412, 978-0077431808

Students also viewed these Accounting questions