Question
Use the table to calculate the followings Product 1 product 2 Product 3 direct material cost $25,000 $30,000 $35,000 Direct labor cost $30,000 $40,000 $50,000
Use the table to calculate the followings
| Product 1 | product 2 | Product 3 | |
| direct material cost | $25,000 | $30,000 | $35,000 |
| Direct labor cost | $30,000 | $40,000 | $50,000 |
| Direct labor hours | 1200 hours | 1,800 hours | 2000 hours |
Factory overhead is estimated at $30,000 and is applied based on direct labor hours. This overall cost cannot be attributed to any particular product.
1.What is the factory overhead assigned to Product 2?
2.What is the total product cost of Product 1?
Step by Step Solution
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There are 3 Steps involved in it
Step: 1
1 To assign the factory overhead to Product 2 we need to calculate the total direct labor hours for ...
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Cost Accounting
Authors: William K. Carter
14th edition
759338094, 978-0759338098
