Solution-How much was the cost per unit of fiinished product

How much was the cost per unit of fiinished product

Assignment Help Cost Accounting

Reference no: EM132936641

Problem - Irene Manufacturing uses a predetermined overhead allocation rate based on percentage of direct labor cost. At the beginning of 2014, the company estimated total manufacturing overhead costs at $1,010,000 and total dire labor costs at $820,000. In June, 2014, Job 711 was completed. The details of Job 711 are shown below.

Direct materials cost $27,500

Direct labor cost $11,000

Direct labor hours 500 hours

Units of product produced 400

Required - How much was the cost per unit of finished product?

Reference no: EM132936641

Questions Cloud

Advantages and disadvantages of weber bureaucratic : 1) What are the advantages and disadvantages of Weber's bureaucratic blueprint to both management and workers ?

Discuss how labour market flexibility : Discuss how labour market flexibility at the global and regional level in the healthcare sector may enhance management decision-making for this case.

Calculate the division of profit to each partner : H. Mills $73,800 (Cr.) and S. Stone $48,300 (Cr.). Any remainder is shared equally. Calculate the division of profit to each partner

What is the true cost of building the new assembly line : Suppose your company needs $13 million to build a new assembly line. Your target debt-equity ratio is .55. What is true cost of building the new assembly line

How much was the cost per unit of fiinished product : The company estimated total manufacturing overhead costs at $1,010,000 and total dire labor costs at $820,000. How much was the cost per unit of fnished product

Determine what are some of the risk assessment procedures : Determine what are some of the risk assessment procedures to be made in order for the auditor to understand the bank entity and its environment

How much should the company include as depletion : For the year ended December 31, 2020, how much should the company include as depletion in its cost of goods sold

What is the interest and amount due : Problem - What is the interest and amount due on P5,500 at a simple interest rate of 15 1/2% for 9 months

Determine the simple interest rate : Problem - Determine the simple interest rate if an investment of P20, 0000 accumulates to P23, 000 in 18 months

User Account

All Pages

How much was the cost per unit of fiinished product

Reference no: EM132936641

Reference no: EM132936641

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT