Job order costing: Job order costing is a cost evaluation method that considers each job separate and assign cost to them. It is mostly applicable in the service industry wherein every job has a separate requirement. To compute : The unit cost of product.

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Answer 1

Question

Chapter 21, Problem 12BE

To determine

Job order costing:

Job order costing is a cost evaluation method that considers each job separate and assign cost to them. It is mostly applicable in the service industry wherein every job has a separate requirement.

To compute: The unit cost of product.

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A company makes two products 1 and 2. The finishing activity pool has estimated manufacuring costs of $48,294 and the cost drivers for Product 1 is 209 and 264 for Product 2. The assembling activity pool has estimated costs of $49,150 and the cost drivers for Product 1 is 458 and 156 for Product 2. Direct labor hours for Product 1 is 50,000 and 45,000 for Product 2. What is the manufacturing overhead rate to be used under activity based costing for the assembly pool? Round your final answer to two decimal places and do not write a dollar sign.

A company makes two products 1 and 2. The finishing activity pool has estimated manufacuring costs of $55,174 and the cost drivers for Product 1 is 395 and 346 for Product 2. The assembling activity pool has estimated costs of $40,186 and the cost drivers for Product 1 is 347 and 128 for Product 2. Direct labor hours for Product 1 is 50,000 and 45,000 for Product 2. What is the manufacturing overhead rate to be used under activity based costing for the assembly pool?

Answer 2

Question

Chapter 21, Problem 12BE

To determine

Job order costing:

Job order costing is a cost evaluation method that considers each job separate and assign cost to them. It is mostly applicable in the service industry wherein every job has a separate requirement.

To compute: The unit cost of product.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 21, Problem 12BE

To determine

Job order costing:

Job order costing is a cost evaluation method that considers each job separate and assign cost to them. It is mostly applicable in the service industry wherein every job has a separate requirement.

To compute: The unit cost of product.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 21, Problem 12BE

To determine

Job order costing:

Job order costing is a cost evaluation method that considers each job separate and assign cost to them. It is mostly applicable in the service industry wherein every job has a separate requirement.

To compute: The unit cost of product.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 5

Chapter 21, Problem 12BE

To determine

Job order costing:

Job order costing is a cost evaluation method that considers each job separate and assign cost to them. It is mostly applicable in the service industry wherein every job has a separate requirement.

To compute: The unit cost of product.

Answer 6

Chapter 21, Problem 12BE

To determine

Job order costing:

Job order costing is a cost evaluation method that considers each job separate and assign cost to them. It is mostly applicable in the service industry wherein every job has a separate requirement.

To compute: The unit cost of product.

Answer 7

Chapter 21, Problem 12BE

To determine

Job order costing:

Job order costing is a cost evaluation method that considers each job separate and assign cost to them. It is mostly applicable in the service industry wherein every job has a separate requirement.

To compute: The unit cost of product.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 21 - Prob. 1Q Ch. 21 - Prob. 2Q Ch. 21 - Prob. 3Q Ch. 21 - Prob. 4Q Ch. 21 - Prob. 5Q Ch. 21 - Prob. 6Q Ch. 21 - Prob. 7Q Ch. 21 - Prob. 8Q Ch. 21 - Prob. 9Q Ch. 21 - Prob. 10Q

Job order costing: Job order costing is a cost evaluation method that considers each job separate and assign cost to them. It is mostly applicable in the service industry wherein every job has a separate requirement. To compute : The unit cost of product.

Solution Summary: The author explains that job order costing is a cost evaluation method that considers each job separately and assigns cost to them.

Concept explainers

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Job order costing:

Job order costing is a cost evaluation method that considers each job separate and assign cost to them. It is mostly applicable in the service industry wherein every job has a separate requirement.

To compute: The unit cost of product.

Want to see the full answer?

Chapter 21 Solutions

Job order costing: Job order costing is a cost evaluation method that considers each job separate and assign cost to them. It is mostly applicable in the service industry wherein every job has a separate requirement. To compute : The unit cost of product.

Solution Summary: The author explains that job order costing is a cost evaluation method that considers each job separately and assigns cost to them.

Concept explainers

Videos

Job order costing: Job order costing is a cost evaluation method that considers each job separate and assign cost to them. It is mostly applicable in the service industry wherein every job has a separate requirement. To compute: The unit cost of product.

Want to see the full answer?

Chapter 21 Solutions

Job order costing:

Job order costing is a cost evaluation method that considers each job separate and assign cost to them. It is mostly applicable in the service industry wherein every job has a separate requirement.

To compute: The unit cost of product.