ok k int EcoSkate makes skateboards from recycled plastic. For a recent job lot of 100 skateboards, the company incurred direct materials costs of $600 and direct labor costs of $200. Factory overhead applied to this job is $900. Required: 1. What is the total manufacturing cost of this job lot? 2. What is the cost per skateboard? 1. Total cost 2. Cost per skateboard I

ok k int EcoSkate makes skateboards from recycled plastic. For a recent job lot of 100 skateboards, the company incurred direct materials costs of $600 and direct labor costs of $200. Factory overhead applied to this job is $900. Required: 1. What is the total manufacturing cost of this job lot? 2. What is the cost per skateboard? 1. Total cost 2. Cost per skateboard I

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 2PB: Rulers Company is a neon sign company that estimated overhead will be $60,000, consisting of 1,500...

See similar textbooks

Similar questions

Haywood Printing is processing a job with the following activity rates: Activity Cost Driver Driver Rate Direct labor Number of hours $8 Copying Number of copies $0.05 If this job requires 5 hours for 1,000 copies, what is the activity-based cost of the job?
EcoSkate makes skateboards from recycled plastic. For a recent job lot of 100 skateboards, the company incurred direct materials costs of $600 and direct labor costs of $200. Overhead is applied using a rate of 150% of direct materials costs. What is the total manufacturing cost of this job lot? What is the cost per skateboard?
Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow: Bike parts Factory machinery depreciation Factory supervisor salaries Factory direct labor Factory supplies Factory property tax Advertising cost Administrative salaries Administrative-related depreciation Total expected costs $ 338,800 58,500 142,500 235,790 Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $12.41 per hour. 2. Determine the amount of applied overhead if 17,900 actual hours are worked in the upcoming year. Required 1 40,400 33,750 22,500 54,500 25,700 $ 952,440 Complete this question by entering your answers in the tabs below.
Ecoskate makes skateboards from recycled plastic. For a recent job lot of 100 skateboards, the company incurred direct materials costs of $600 and direct costs of $200. Overhead is applied using a rate of 150% of direct materials cost. what is the total manufacturing cost of this job lot? What is the cost per skateboard?
Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow: Bike parts Factory machinery depreciation Factory supervisor salaries Factory direct labor Factory supplies Factory property tax Advertising cost Administrative salaries Administrative-related depreciation Total expected costs Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $11.91 per hour. 2. Determine the amount of applied overhead if 18,600 actual hours are worked in the upcoming year. Required 1 Required 2 Complete this question by entering your answers in the tabs below. $ 341,800 61,500 140,000 211,998 Predetermined Overhead Rate 39,400 33,750 22,500 55,000 19, 200 $925,148 Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $11.91 per hour. Note: Round your answer to 2 decimal…
Chico's Clockworks uses job order costing for its custom clock-making business. Job GF1260 is a custom-made grandfather clock. Chico's job cost sheet for Job GF1260 shows a total cost of $4,265, including direct labor of 50 hours at $20 per hour. Overhead is applied at 100% of direct labor cost. What is the direct materials cost for Job GF1260?
Cooper's Company manufactures custom engines for use in the lawn and garden equipment industry. The company allocates manufacturing overhead based on machine hours. Selected data for costs incurred for Job 798 are as follows: Direct materials used $4300 Direct labor hours worked370Machine hours used515Direct labor rate per hour $19 Predetermined overhead rate based on machine hours $20What is the total manufacturing cost of Job 798?
Nadal Corporation manufactures custom molds for use in the extrusion industry. The company allocates manufacturing overhead based on machine hours. Selected data for costs incurred for Job 532 are as follows: Direct materials used $5000 Direct labor cost $36,800 Predetermined manufacturing overhead rate based on machine hours $17 Direct labor hours worked 3100 Machine hours used 290 What is the manufacturing cost of Job 532? Question 34 options: $46,730 $94,500 $4930 $41,800
Tik Tok Company manufactures customized coffee tables. The following relates to Job No. X10, an order for 150 coffee tables: Direct materials used $22 800 Direct labour hours worked 600 Direct labour rate per hour $16.00 Machine hours used 400 Applied factory overhead rate per machine hour $30.00 Required: What is the total manufacturing cost for Job No. X10? Calculate the cost per coffee table for Job No. X10? c) List two uses of this unit cost information to the managers at Tik Tok Company.
Tik Tok Company manufactures customized coffee tables. The following relates to Job No. X10, an order for 150 coffee tables:Direct materials used $22 800Direct labour hours worked 600Direct labour rate per hour $16.00Machine hours used 400Applied factory overhead rate per machine hour $30.00Required:a) What is the total manufacturing cost for Job No. X10? b) Calculate the cost per coffee table for Job No. X10?c) List two uses of this unit cost information to the managers at Tik Tok Company. SHOW YOUR WORKING
Tik Tok Company manufactures customized coffee tables. The following relates to Job No.X10, an order for 150 coffee tables:Direct materials used $22 800Direct labour hours worked 600Direct labour rate per hour $16.00Machine hours used 400Applied factory overhead rate per machine hour $30.00Required:a) What is the total manufacturing cost for Job No. X10? b) Calculate the cost per coffee table for Job No. X10? c) List two uses of this unit cost information to the managers at Tik Tok Company. please provide the proper expalnation because i have to many difficulty in this problem
Gordon Miller's job shop has four work areas, A, B, C, and D. Distances in feet between centers of the work areas are: A B D A 3 9 6 T!!!! B 7 7 C 10 D Workpieces moved per week between work areas are: A B C D A 900 800 600 B 400 200 800 It costs Gordon $2 to move 1 work piece 1 foot. The weekly total material handling cost of the layout = $ (enter your response as a whole number).