FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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- Want Answerarrow_forwardProblem is already answered, I wanted to know where and how did the 60% of Factory Overhead rate is found? Thankyou!arrow_forwardOsprey Production uses job-order costing for batches of customer-printed T- shirts. For job R45, the company incurred the following costs: Direct materials used $4,235 Direct labor Applied overhead $1,300 $450 Actual overhead for Osprey for the month totaled $24,840, based on a total of 2,300 shirts for the month. If Job R45 consisted of 570 shirts, how much is the cost per shirt for this job? A. $10.50 B. $14.95 C. $15.25 D. $10.80arrow_forward
- Generate answer fast tooarrow_forwardCopy Center pays an average wage of $12 per hour to employees for printing and copying jobs, and allocates $18 of overhead for each employee hour worked. Direct materials are assigned to each job according to actual cost. Jobs are marked up 20% above total manufacturing cost to determine the selling price. If Job M- 47 used $325 of direct materials and took 20 direct hours of labor to complete, what is the selling price of the job? Multiple Choice O O $822 $1,110. $966. $720. byarrow_forward2 Drilling Company uses activity-based costing and provides this information: Driver Rate $ 0.80 Manufacturing Activity Materials handling Machinery Assembly Inspection Cost Driver Number of parts Number of machine hours Number of parts Number of finished units 58.00 3.20 37.00 Drilling has just completed 87 units of a component for a customer. Each unit required 107 parts and 3.35 machine hours. The prime cost is $1,370 per finished unit. All other manufacturing costs are classified as manufacturing overhead. Required: 1. Compute the total manufacturing costs and the unit costs of the 87 units just completed using ABC costing. 2. In addition to the manufacturing costs, the firm has determined that the total cost of upstream activities, including research and development and product design, is $187 per unit. The total cost of downstream activities, such as distribution, marketing, and customer service, is $307 per unit. Compute the full product cost per unit, including upstream,…arrow_forward
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