Solution-What the unit product cost for job is closest to

What the unit product cost for job is closest to

Assignment Help Cost Accounting

Reference no: EM132611338

Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data:

Total machine-hours 31,800

Total fixed manufacturing overhead cost $159,000

Variable manufacturing overhead per machine-hour $2

Recently, Job T687 was completed with the following characteristics:

Number of units in the job 10

Total machine-hours 30

Direct materials $660

Direct labor cost $1,320

Problem 1: The unit product cost for Job T687 is closest to: (Round your intermediate calculations to 2 decimal places.)

Reference no: EM132611338

Questions Cloud

Why is it acceptable for the federal government : Why is it acceptable for the federal government to run deficits?

Develop computer and internet security policy : Your job is to develop a computer and internet security policy for the organization that covers the following areas:

Discuss how your personal definition differs : Discuss how your personal definition differs from that of the WHO''s. Is there anything you would change about the WHO''s definition of health?

What is the companys cost of equity capital : Assume the risk-free rate is 4.8 percent and the expected return on the market is 12.3 percent. What is the company's cost of equity capital?

What the unit product cost for job is closest to : The unit product cost for Job T687 is closest to: (Round your intermediate calculations to 2 decimal places.).Number of units in the job 10

Some of the ramifications of living without purpose : What might be some of the ramifications of living without purpose?

Evaluate the role of research in the management : Conduct an independent research investigating an area of interest to you within the management context - evaluate the role of research in the management

Base scenario and the sales variation scenarios : What do the net present value, internal rate of return, and payback values from your base scenario and the sales variation scenarios above imply for the propose

What total cost that would be recorded on the job cost sheet : The predetermined overhead rate is $14 per machine-hour. The total cost that would be recorded on the job cost sheet for Job 910 would be

User Account

All Pages

What the unit product cost for job is closest to

Reference no: EM132611338

Reference no: EM132611338

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