Managerial Accounting
17th Edition
ISBN: 9781260247787
Author: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
Publisher: RENT MCG
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Textbook Question
Chapter 2, Problem 5E
EXERCISE 2-5 Computing Total
Braverman Company has manufacturing departments—Finishing and Fabrication. The predetermined overhead rates in Finishing and Fabrication are $18.00 per direct labor-hour and 110% of direct materials cost, respectively. The company’s direct rate is $16.00 per hour. The information pertains to Job 700:
| Finishing | Fabrication | |
| Direct materials | $410 | $60 |
| Direct labor | $128 | $48 |
Required:
- What is the cost assigned to Job 700?
- If Job 700 consists of 15 units, what is the unit product cost for this job?
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Question 6
Job # 0098 incurred the following during production:
Direct Materials:
Manufacturing labor:
Packaging materials:
Packing and shipping labor:
The following data is also available for the company:
Overhead costs for the period:
Indirect Labor (machine maintenance):
The company incurs costs at the following rates:
Manufacturing labor:
Auxiliary labor (maintenance, packaging, etc.):
Overhead allocation:
$300
7 hours
$20
0.5 hours
$3,000
20 hours
$12/hour
$10/hour
$5/manufacturing labor hour
Given this information, what was the total cost of the job that was transferred from Work in Process Inventory
the Finished Goods Inventory?
omework i
Direct materials
Direct labor
Saved
Assembly
$ 355
$ 102
Fickel Company has two manufacturing departments-Assembly and Testing & Packaging. The
predetermined overhead rates in Assembly and Testing & Packaging are $14.00 per direct labor-hour and
$10.00 per direct labor-hour, respectively. The company's direct labor wage rate is $17.00 per hour. The
following information pertains to Job N-60:
Testing &
Packaging
$31
$34
Help Save & Exit
Required:
1. What is the total manufacturing cost assigned to Job N-60?
Note: Do not round intermediate calculations.
Submit
2. If Job N-60 consists of 10 units, what is its unit product cost?
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
Question 1:
Fickel Company has two manufacturing departments - Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $16.00 per direct labor-hour and $12.00 per direct labor-hour, respectively. The company's direct labor wage rate is $ 20.00 per hour. The following information pertains to Job N-60:
Assembly
Testing & Packaging
Direct materials
$375
$39
Direct labor
$168
$84
1- What is the total manufacturing cost assigned to Job N-60?
2-2. If Job N-60 consists of 10 units, what is the unit product cost for this job? (Round your answer to 2 decimal places.)
1
Total manufacuring cost
2
Unit product cosr
per unit
Question2:
High Desert Potteryworks makes a variety of pottery products that it sells to retailers such as Home Depot. The company uses a job-order costing system in which predetermined overhead rates are used to apply manufacturing overhead cost to jobs. The predetermined overhead rate in…
Chapter 2 Solutions
Managerial Accounting
Ch. 2.A - EXERCISE 2A-1 Activity-Based Absorption Costing...Ch. 2.A - EXERCISE 2A-2 Activity-Based Absorption Costing as...Ch. 2.A - EXERCISE 2A-3 Activity-Based Absorption Costing as...Ch. 2.A - PROBLEM 2A-4 Activity-Based Absorption Costing as...Ch. 2.A - Prob. 5PCh. 2.A -
CASE 2A-6 Activity-Based Absorption Costing and...Ch. 2.B - EXERCISE 2B-1 Overhead Rate Based on Capacity...Ch. 2.B - EXERCISE 2B-2 Overhead Rates and Capacity Issues...Ch. 2.B - Prob. 3PCh. 2.B - Prob. 4C
Ch. 2 - Prob. 1QCh. 2 - What is absorption costing?Ch. 2 - What is normal costing?Ch. 2 - How is the unit product cost of a job calculated?
Ch. 2 - Explain the four-step process used to compute a...Ch. 2 - What is the purpose of the job cost sheet in a...Ch. 2 - Explain why some production costs must be assigned...Ch. 2 - Why do companies use predetermined overhead rates...Ch. 2 - What factors should be considered in selecting an...Ch. 2 - If a company fully allocates all of its overhead...Ch. 2 - Would you expect the amount of applied overhead...Ch. 2 - Prob. 12QCh. 2 - What is a plantwide overhead rate? Whyare multiple...Ch. 2 - This Excel worksheet relates to the Dickson...Ch. 2 - This Excel worksheet relates to the Dickson...Ch. 2 - Prob. 3AECh. 2 - This Excel worksheet relates to the Dickson...Ch. 2 - Prob. 1F15Ch. 2 - Prob. 2F15Ch. 2 - Prob. 3F15Ch. 2 - Prob. 4F15Ch. 2 - Prob. 5F15Ch. 2 - Prob. 6F15Ch. 2 - Prob. 7F15Ch. 2 - Prob. 8F15Ch. 2 - Prob. 9F15Ch. 2 - Prob. 10F15Ch. 2 - Prob. 11F15Ch. 2 - Sweeten Company had no jobs in progress at the...Ch. 2 - Prob. 13F15Ch. 2 - Prob. 14F15Ch. 2 - Prob. 15F15Ch. 2 - EXERCISE 2-1 Compute a Predetermined Overhead Rate...Ch. 2 - Prob. 2ECh. 2 - EXERCISE 2–3 Computing Total Job Costs and Unit...Ch. 2 - EXERCISE 24 Computing Total Job Costs and Unit...Ch. 2 - EXERCISE 2-5 Computing Total Job Costs and Unit...Ch. 2 - Prob. 6ECh. 2 - EXERCISE 2-7 Job-Order Costing; Working Backwards...Ch. 2 - EXERCISE 2-8 Applying Overhead Cost; Computing...Ch. 2 - EXERCISE 2–9 Job-Order Costing and Decision Making...Ch. 2 - Prob. 10ECh. 2 - Prob. 11ECh. 2 - Prob. 12ECh. 2 - EXERCISE 2—13 Departmental Predetermined Overhead...Ch. 2 - EXERCISE 214 Job-Orders Costing for a Service...Ch. 2 - Prob. 15ECh. 2 - PROBLEM 2—16 Plantwide Predetermined Overhead...Ch. 2 - PROBLEM 217 Plantwide and Departmental...Ch. 2 - Prob. 18PCh. 2 - Prob. 19PCh. 2 - Prob. 20PCh. 2 - PROBLEM 2-21 Plant wide Versus Multiple...Ch. 2 - CASE 2-22 Plantwide versus Departmental Overhead...
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