Wilson Company has a predetermined overhead rate of $5 per direct labor hour. The job-order cost sheet
Question:
Wilson Company has a predetermined overhead rate of $5 per direct labor hour. The job-order cost sheet for Job 145 shows 1,000 direct labor hours costing $10,000 and materials requisitions totaling $7,500. Job 145 had 500 units completed and transferred to finished goods inventory. What is the cost per unit for Job 145?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
Unit cost Direct materials ...View the full answer
Answered By
Pushpinder Singh
Currently, I am PhD scholar with Indian Statistical problem, working in applied statistics and real life data problems. I have done several projects in Statistics especially Time Series data analysis, Regression Techniques.
I am Master in Statistics from Indian Institute of Technology, Kanpur.
I have been teaching students for various University entrance exams and passing grades in Graduation and Post-Graduation.I have expertise in solving problems in Statistics for more than 2 years now.I am a subject expert in Statistics with Assignmentpedia.com.
4.40+
3+ Reviews
10+ Question Solved
Related Book For
Cost Management Accounting And Control
ISBN: 101
6th Edition
Authors: Don R. Hansen, Maryanne M. Mowen, Liming Guan
Question Posted:
Students also viewed these Managerial Accounting questions
-
A job order cost sheet for Rolen Company is shown below. Instructions(a) On the basis of the foregoing data answer the following questions.(1) What was the balance in Work in Process Inventory on...
-
A job order cost sheet for Lowry Company is shown below. Instructions (a) On the basis of the foregoing data, answer the following questions. (1) What was the balance in Work in Process Inventory on...
-
A job order cost sheet for Ryan Company is shown below. Instructions (a) On the basis of the foregoing data, answer the following questions. (1) What was the balance in Work in Process Inventory on...
-
A module can be considered a(n) object or unit that can be combined or bound together to form a application. a. Dependent, big and complex b. Dependent, small and easier c. Independent, big and...
-
In 2014, Roger pays a $3,000 premium for high-deductible medical insurance for him and his family. In addition, he contributed $2,600 to a Health Savings Account. a. How much may Roger deduct if he...
-
A high-performance company has launched a "total focus" initiative that requires all employees to give complete attention and dedication to the company's growth and success. In an email to all staff...
-
RETURN ON EQUITY Central City Construction (CCC) needs $1 million of assets to get started, and it expects to have a basic earning power ratio of 20%. CCC will own no securities, so all of its income...
-
For 2007, Campbell Soup Company had pension expense of $32 million and contributed $32 million to the pension fund. Prepare Campbell Soup Companys journal entry to record pension expense and funding.
-
TIDAL CORP. has the following account balances and additional information at December 31, 2020. The company is a private corporation and follows ASPE: Machinery$ 1,540,000 Accounts...
-
Our client, Mathew Banks, was arrested last night by the Phoenix Police Department. The police found Mr. Banks' car pulled over on the side of the highway with him asleep or passed out inside. The...
-
When computing a predetermined overhead rate, why are units of output not commonly used as a measure of production?
-
Why are the accounting requirements for job-order costing more demanding than those for process costing?
-
When compared to manufacturing companies, service industries do not generally use ________ as a component of product cost.
-
Based on a survey, assume that 42% of consumers are comfortable having drones deliver their purchases. Suppose that we want to find the probability that when six consumers are randomly selected,...
-
What is the social location that determines this speech community? Is it determined by race, class, gender, sexuality, or some other social location? What makes this speech community unique? What are...
-
Write a program named SumOfNumberOfSquares.java that prompts user to enter a number of integers and calculates the sum of their squares. The following is a sample run. The green fonts represent user...
-
6.4 Charles Augustin de Coulomb was a French physicist who is best known for formulating the law that calculates the force between two electric charges. To honor Coulomb, the unit of electric charge...
-
What amount of cash payments to suppliers will be reported by Indigo Company for the year ended December 31, 2024?
-
In my organization, who always has the inside track about what is going on? Are they a key stakeholder?
-
Repeat the previous problem, but close the positions on September 20. Use the spreadsheet to find the profits for the possible stock prices on September 20. Generate a graph and use it to identify...
-
Explain how devolving HRM practices to line managers has an impact on the role of the HR function.
-
Consider the following data for two products of Rowena Manufacturing. Required 1. Using direct labor hours as the basis for assigning overhead costs, determine the total production cost per unit for...
-
Kumar & Knight is an architectural firm that provides services for residential construction projects. The following data pertain to a recent reporting period. Required 1. Using ABC, compute the firms...
-
Health Drinks Company produces two beverages, PowerPunch and SlimLife. Data about these products follow. Additional data from its two production departments follow. Required 1. Determine the cost of...
-
Deacon Company is a merchandising company that is preparing a budget for the three - month period ended June 3 0 th . The following information is available Deacon Company Balance Sheet March 3 1...
-
Mango Company applies overhead based on direct labor costs. For the current year, Mango Company estimated total overhead costs to be $460,000, and direct labor costs to be $230,000. Actual overhead...
-
Which of the following do we expect to be the horizon growth rate for a company (long term growth rate- say 30-50 years)? A) Inflation B) Industry Average C) Zero D) Market Beta
Study smarter with the SolutionInn App