What is the total manufacturing cost for job no x10

Assignment Help Accounting Basics
Reference no: EM132670206

Question: Tik Tok Company manufactures customized coffee tables. The following relates to Job No. X10, an order for 150 coffee tables: Direct materials used $22 800 Direct labour hours worked 600 Direct labour rate per hour $16.00 Machine hours used 400 Applied factory overhead rate per machine hour $30.00.

Required: a) What is the total manufacturing cost for Job No. X10?

b) Calculate the cost per coffee table for Job No. X10?

c) List two uses of this unit cost information to the managers at Tik Tok Company.

Reference no: EM132670206

Questions Cloud

What are the journal entries at october : What are the journal entries at October 31, and the net adjustment to Leopard's inventory as determined by Physical count on October 31?
Compare and contrast the real rate of return : Compare and contrast the real rate of return, the nominal rate of return, and the ex ante nominal rate of return, using either real-life examples or hypothetica
Why are the concepts of continuity necessary for a company : Why are the concepts of continuity, periodicity, and accrual accounting necessary for a company to account for transactions within the duration of accounting pe
What are the earnings after tax for firm : Corporation A and Corporation B are both expected to enjoy earnings before interest and taxes of $100,000. Corporation A will also incur $40,000 in interest exp
What is the total manufacturing cost for job no x10 : Tik Tok Company manufactures customized coffee tables. The following relates to Job No. X10, an order for 150 coffee tables: Direct materials used $22 800.
What amount should fox record for retained earnings : Based on these Adjusted Trial Balance account balances, what amount should Fox record for Retained earnings in its 12/31/20 closing entry?
Determine the amount of equal annual installments : The first installment will be paid at the end of year 5. Determine the amount of equal annual installments if Mr. Z wishes to repay the amount in five installme
How actions of window dressing impacted financial position : At Dec. 27, 20X0, the balance in the cash account is $2,000. Before the end of the year the company must pay $3,000 for the services it received during.
Conduct a multiple-scenario valuation : Develop a model of how you would conduct a multiple-scenario valuation for a newcomer in that industry. What type of discount rate would be appropriate for your

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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