Copr. Goed Cosmo Co. uses a job order costing system. Manufacturing overhead is applied using departmental overhead rates. Cosmo has two departments, mixing and bottling. Job A6 was recently completed. Data from the job cost card for job A6 is presented below. $180 direct material $210 direct labor $1,260 manufacturing overhead bottling department $690 manufacturing overhead mixing department Job A6 consists of 200 units. What is the cost per unit? $11.70 $1.95 $8.25 $5.40 SUBMIT

Copr. Goed Cosmo Co. uses a job order costing system. Manufacturing overhead is applied using departmental overhead rates. Cosmo has two departments, mixing and bottling. Job A6 was recently completed. Data from the job cost card for job A6 is presented below. $180 direct material $210 direct labor $1,260 manufacturing overhead bottling department $690 manufacturing overhead mixing department Job A6 consists of 200 units. What is the cost per unit? $11.70 $1.95 $8.25 $5.40 SUBMIT

Name: Copr. Goed Cosmo Co. uses a job order costing system. Manufacturing o
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Description: Copr. Goed Cosmo Co. uses a job order costing system. Manufacturing overhead is applied usingdepartmental overhead rates. Cosmo has two departments, mixing and bottling. Job A6 wasrecently completed. Data from the job cost card for job A6 is present

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter2: Job Order Costing

Section: Chapter Questions

Problem 10E: Exotic Engine Shop uses a job order cost system to determine the cost of performing engine repair...

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Chester Company provided information on overhead for its three producing departments as follows: Overhead is applied on the basis of machine hours in Fabricating and direct labor hours in Assembly and in Finishing. Job #13-198 had total prime cost of 6,700. The job took 40 machine hours in Fabricating, 100 direct labor hours in Assembly, and 20 direct labor hours in Finishing. What is the total cost of Job# 13-198? a. 6,700.00 b. 1,523.20 c. 8,223.20 d. 7,383.20
Leen Production Co. uses the job order cost system of accounting. The following information was taken from the companys books after all posting had been completed at the end of May: a. Compute the total production cost of each job. b. Prepare the journal entry to transfer the cost of jobs completed to Finished Goods. c. Compute the selling price per unit for each job, assuming a mark-on percentage of 40%. d. Prepare the journal entries to record the sale of Job 1065.
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Lansing. Inc., provided the following data for its two producing departments: Machine hours are used to assign the overhead of the Molding Department, and direct labor hours are used to assign the overhead of the Polishing Department. There are 30,000 units of Form A produced and sold and 50,000 of Form B. Required: 1. Calculate the overhead rates for each department. 2. Using departmental rates, assign overhead to live two products and calculate the overhead cost per unit. How does this compare with the plantwide rate unit cost, using direct labor hours? 3. What if the machine hours in Molding were 1,200 for Form A and 3,800 for Form B and the direct labor hours used in Polishing were 5,000 and 15,000, respectively? Calculate the overhead cost per unit for each product using departmental rates, and compare with the plantwide rate unit costs calculated in Requirement 2. What can you conclude from this outcome?
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