J0b 218 was one of the many jobs started and completed

Assignment Help Accounting Basics
Reference no: EM13481867

J0b 218 was one of the many jobs started and completed during the year. The job required $3,300 in direct materials and 400 hours of direct labor time at a rate of $13 per hour. If the job contained 510 units and the company billed at 80% above the unit product cost on the job cost sheet, what price per unit would have been charged to the customer? (Round your answer to 2 decimal places)

Reference no: EM13481867

Questions Cloud

Our company granted options for 2 million shares of its 1 : our company granted options for 2 million shares of its 1 par common stock at the beginning of the current year. the
If the 5000000 investment in the cable tv division is : the united world corporation has three subsidiaries.computersmagazinescable tvsales1600000040000008000000net income
Lance lawn services reports warranty expense by estimating : lance lawn services reports warranty expense by estimating the amount that eventually will be paid to satisfy
How to prepare the reversing entries from the adjusting : how to prepare the reversing entries from the adjusting entries as follows and tranferrer to the ledger ? advertising
J0b 218 was one of the many jobs started and completed : j0b 218 was one of the many jobs started and completed during the year. the job required 3300 in direct materials and
How should needsspace account for the two obligations noted : needs space has entered into a lease agreementwith wehaveit to rent space for its corporate offices. the lease
The tippa canoe company makes fiberglass canoes the : the tippa canoe company makes fiberglass canoes. the fiberglass resin is initially molded to the shape of a canoe then
The computer division at the same rate of return on assets : the united world corporation has three subsidiaries.computersmagazinescable tvsales1600000040000008000000net income
Arrow industries employs a standard cost system in which : arrow industries employs a standard cost system in which direct materials inventory is carried at standard cost. arrow

Reviews

Write a Review

Accounting Basics Questions & Answers

  Segregation of duties is important concept in internal

segregation of duties is an important concept in internal control. however segregation of duties is often a challenge

  Effects on the accounts and financial statements

Determine the effects on the accounts and financial statements of recording the following selected transactions of Lone Star Leather Co.:

  Accounts receivable for new partnership

For the remaining accounts, the partnership will establish a provision for possible future uncollectible accounts of $750. The amount debited to Accounts Receivable for the new partnership is

  Concerning the overall fairness

The auditor's judgment concerning the overall fairness of the presentation of financial position, results of operations, and cash flows is applied within the framework of :

  Identification of favorable and unfavorable variances

Why is the identification of favorable and unfavorable variances so important to a company? How can the identification of the variances help management control costs?

  Auditor at local firm when composing the letter

Draft a letter to Apollo Shoes that addresses the following key points; assume the role of an auditor at a local firm when composing the letter.

  Prepare the journal entry to record the depreciation expense

On January 1, 2011, Denozzo Builders evaluated its long-term construction contracts and decided to change them from the completed contract method of accounting to the percentage-of-completion method. Denozzo Builders will then use the completed contr..

  Riskiness of new operation versus old operation

Discuss the effect on profits if volume increases to 700,000 units under both the old and the new production environments. Comment on the riskiness of the new operation versus the old operation.

  Transactions in the divorce agreement

In 2010, he made six payments. How do the transactions in the divorce agreement affect Arnold's and Barbara's taxable income?

  Horton enterprises issued 100000 10-year 6 bonds payable on

horton enterprises issued 100000 10-year 6 bonds payable on 11. interest is payable each 6 months 11 and 71. the

  Prepare breaker coprs collection budget for first quarter

Management at Breaker Corp. Expects an accounts receivable collecion pattern of 80 percent in the month of sale. 15 percent in the month after sale, and 5 percent in the second month after sale. All sales are on credit and Brker Corp.

  Problem related to auditors examination

How is an auditors examination affected when a client has engaged in significant related party transactions? What measures should an auditor take to determine that such transactions have been properly recorded by the client?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd