Compute the cost per unit, Cost Accounting

Assume that during April, the job cost sheet for Job 206 showed the following: 

                                                       Dept. A                   Dept. B

Materials requisitioned*              $ 4000                 $ 3000

Direct labor hours                                 300                        90

Machine hours                                       80                           170

Overhead Applied                                 ?                             ?

* withdrawn from the inventory. 

Required: 

§ Compute the total overhead charged to Job 206.

§ Compute  the cost per unit for the Job 206-assuming the job order was to produce 20 units

Job Cost Sheet for Job Order No. 206

 

 

 

 

Amount in $

Direct Materials

 

 

Department A

      4,000.00

 

Department B

      3,000.00

         7,000.00

Direct labor

 

 

Department A (15* 300)

      4,500.00

 

Department B (12.08*90)

      1,087.20

         5,587.20

 

 

 

Prime Cost

 

       12,587.20

Overheads:

 

 

Department A (49* 300)

    14,700.00

 

Department B (20*170)

      3,400.00

       18,100.00

 

 

 

Total cost

 

       30,687.20

 

 

 

 

 

 

     
     

Total overhead charged to Job 206 is $ 18,100.

   
     

Units Produced in Job 206 = 20

   

Total cost incurred in Job 206 =  $ 30,687.20

   

Cost per unit for the Job 206 = 30,687.20/20 = $1,534.36

      1,534.36

 

 

Posted Date: 7/23/2012 2:32:31 AM | Location : United States







Related Discussions:- Compute the cost per unit, Assignment Help, Ask Question on Compute the cost per unit, Get Answer, Expert's Help, Compute the cost per unit Discussions

Write discussion on Compute the cost per unit
Your posts are moderated
Related Questions
A. Bolero Industries Ltd. has been approached by a customer who would like a special job to be done for her, and is willing to pay $60,000 for it. The job would require the followi

1) Presented below is a list of terms, followed by definitions or descriptions of those terms. a. Cost pool b. Actual cost system c. Cost driver d. Manufacturing diver

what is accounting treatment for material losses due to abnormal reasons

Suppose the Danny can prepare 50 pizzas or 100 sandwiches in an hour and Steve can produce 15 pizzas or 9 sandwiches. a) Draw each individual's PPF. b) Calculate the oppor

Distinction between Absorption and Marginal Costing These are two approaches of arriving at the cost of production or total profit for a specified period. The major difference

The value of un-sold stock. The stock is valued at cost or market price either is lower. Usually, the closing stock is not specified in the trial balance but is specified in adjust

Direct Labour Rate Variance It is the difference among the actual direct labour rate and the standard direct labour rate for the total hours worked. Utilizing an equation,

Suppose that $4 million is available for investment in three projects.  The probability distribution of the net present value earned from each project depends on how much is invest

Under the average cost method the average cost of goods held in stock is recalculated after each receipt. An issue after the receipts is made at the recalculated average prices. A

under which type of asset the investment comes