### What is the unit cost of the product manufactured

Assignment Help Accounting Basics
##### Reference no: EM13677358

Precision instrument inc. Uses job order costing and applied manufacturing overhead to individual jobs by using predetermined overhead rates. In deparent A overhead is applied on the basis of manufacturing hours, and in department B on the basis of direct labor hours. At the beginning of the current year management made the following budget estimates ad a step toward determining the overhead application status. Dep. A. Dep.B
Direct labor \$420,000. \$300,000
Machine hours. 18,000. 1,900
Direct labor hours. 28,000. 25,000
Production of 4,000 techometers (job no. 399) was started in the middle of January and completed two weeks later the cost records for this job show the following information
Job no.399 (4,000) units of product):
DepA DepB
Cast of materials used on job
\$6,800. \$4,500
Direct labor cost. \$8,100. \$7,200
Direct labor hours. 540. 600
Machine hours. 250. 100
Instrictions:
A. determine the overhead rate that should be used for each department in applying over overhead cost to job number 399
B. what is the total cost of job number 399 and what is the unit cost of the product manufactured on this production order
C. prepare the journal entry is required to record the salaccount account of a thousand of ttachometersers and ski craft boats the total sales price was \$19500
D.assume that actual overhead costs for the year were \$517 thousand in department A in dept B \$424,000 lactual machine hours in department A were 17,000and dept B were 26,000 during the year. On thebasiss of this information determine the overhead w
Or under applied overhead it in each department for the year

#### Questions Cloud

 Compute the electric flux through the hole : An uncharged nonconductive hollow sphere of radius 12.0 cm surrounds a 14.0 µC charge located at the origin of a Cartesian coordinate system. A drill with a radius of 1.00 mm is aligned along the z axis, and a hole is drilled in the sphere. Compute t.. The air above the gasoline has an absolute pressure : An 80-m-tall sealed tank contains a 70-m-tall column of gasoline. The air above the gasoline has an absolute pressure of 3 atm. At what speed does the liquid begin to flow out during a hole located 20 m above the bottom of the tank? Early extinguishment of debt : Early extinguishment of debt. What is the companys cost of capital : How much importance should be given to the energy cost situation and what are the project's cash flows for the next twenty years? What assumptions did you use - what is the companys cost of capital? What is the unit cost of the product manufactured : A. determine the overhead rate that should be used for each department in applying over overhead cost to job number 399 What are the quantum mechanisms behind the emission : What are the quantum mechanisms behind the emission and absorption of thermal radiation at and below room temperature? If the relevant quantum state transitions are molecular (stretching, flexing and spin changes) how come the thermal spectrum is con.. Decide the speed a proton of charge : Decide the speed a proton of charge +e should move towards a stationary nucleus of charge +e (we presume the nucleus doesn't move) so it is able to get within 1.0e-15 m before stopping Direction of the electric field and the normal to surface : A circular surface with a radius of 0.068 m is exposed to a uniform electric field of magnitude 1.43×104 N/C. The electric flux during the surface is 60 N·m2/C. What is the angle among the direction of the electric field and the normal to the surface.. Abruptly added to one end and allowed to oscillate freely : What is the natural frequency in (a) rad/ sec and (b) hertz of a spring- mass system if the spring constant id 25 N/m and a 100g mass is abruptly added to one end and allowed to oscillate freely?

### Write a Review

#### Which are presented in the attached script

Beekman Office Supply case, which are presented in the attached script. Will Gail be in danger of a violation of the Code of Professional Responsibility if she agrees to proceed as directed by the engagement partner?

#### Determine the amount of the fringe benefits cost

Determine the amount of the fringe benefits cost to be allocated to Division A and to Division B.

#### Peterman corporation uses different depreciation methods

peterman corporation uses different depreciation methods for accounting and tax purposes which result in a 60000

#### For the year the cash flow from operating activities was

in its annual report to shareholders. general electric reported the following financial resultsrevenues increased from

#### Using the dupont formula for rate of return on investment

the vice president of operations of avigi iq company is evaluating the performance of two divisions organized as

#### Compute basic and diluted eps for the year ended

On January 1, 2011, Tonge Industries had outstanding 450,000 common shares (par \$1) that originally sold for \$20 per share, and 4,000 shares of 10% cumulative preferred stock (par \$100), convertible into 40,000 common shares.

pdf of the question is here additional details here is an editable word doc of the questions to make this easier. the

#### Issuing bonds is another way of raising funds for capital

you are a consultant for energy company. it is a utility company. it is thinking about expanding its energy production

#### Monthly total cost equation

If the high-low method is used, what is the monthly total cost equation?

#### Airborne manufacturing co completed the following

airborne manufacturing co completed the following transactions during 2009 jan 16 declared a cash dividend on the 4 102

#### What would be the worldwide effective tax rate on the 1

usaco is a domestic corporation that manufactures products in the u.s. for distribution in the u.s. and abroad. during

#### Destin deals estimates its uncollectible accounts by aging

destin deals estimates its uncollectible accounts by aging its accounts receivable and applying percentages to various