What would be the unit costs of the good coats

Assignment Help Accounting Basics
Reference no: EM131768910

Question: Harper Company's Job 501 for the manufacture of 2,200 coats was completed during August at the unit costs presented as follows. Final inspection of Job 501 disclosed 200 spoiled coats, which were sold to a jobber for $6,000.

Direct materials   $20
Direct labor 18
Factory overhead (which includes an allowance of $1 for spoiled work) 18

$56

Assume that the spoilage loss is attributable to the exacting specifications of Job 501 and is attributable to this specific job. What would be the unit costs of the good coats produced on Job 501?

Reference no: EM131768910

Questions Cloud

What are the few demerits of tribunals : While the significance of tribunals among nations is important, what are the few demerits of tribunals? Explain.
What was the amount of cash paid on accounts payable : What was the amount of cash paid on accounts payable during the year ended December 31, What was the amount of cash paid on accounts payable
The internal and external users of the financial statements : Discuss both internal and external users of the financial statements. Explain how external stakeholders use financial information
Calculate and report the percentage increase : Pick a company, calculate and report the percentage increase or decrease in stock price - AKA rate of return
What would be the unit costs of the good coats : Harper Company's Job 501 for the manufacture of 2,200 coats was completed during August at the unit costs presented as follows.
Identify the leadership characteristics and responsibilities : Identify, compare, and contrast the policing function at the local, state, and federal organizational levels.
Develop a list of inputs along with their associated costs : Develop a list of inputs along with their associated costs, such as labor, materials, and overhead. Explain why not chosen for a minimum of 3 costing methods.
Discuss fair value of the stock exchanged in the acquisition : The fair value of the stock exchanged in the acquisition was considered equal to On-the-Go's fair value
Discuss about the manufacturing costs of erin industries : The manufacturing costs of Erin Industries for three months of the year are provided below.

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