Answer: A. $ 2.79
| Direct Materials | $ 2,500 |
| Direct Labor | 1,500 |
| Manufacturing Overhead ( $ 25 x 175 ) | 4,375 |
| Total Manufacturing Costs | $ 8,375 |
| Number of Units Manufactured | 3,000 |
| Cost of Goods Manufactured per Unit | $ 2.79 |
Selling and shipping costs are not manufacturing costs, hence should not be included in product cost.
4. Charlie Company manufactures a specialty line of shirts. The company uses a job-order costing system....
6. Fox Company manufactures a specialty line of belts. The company uses a job-order costing system. Cost detail for the job follow: Units produced 5,000 belts Direct materials in the amount of $43,000 Direct labor in the amount of $18,500 The POHR was $25.00 per machine-hour (MH) and Job A10 required 400 MHs. Selling and G & A expenses of $23,000 were incurred for the month. By the end of the month Fox had sold 4,000 of these belts and...
Concord Sportswear manufactures a line of specialty T-shirts using a job order costing system. In March the company incurred the following costs to complete Job ICU2: direct materials, $13,200, and direct labor, $4,200. The company also incurred $1,430 of administrative costs and $5,200 of selling costs to complete this job. Job ICU2 required 810 machine hours. Factory overhead was applied to the job at a rate of $25 per machine hour. If Job ICU2 resulted in 6,500 good shirts, what...
Lucy Sportswear manufactures a specialty line of T-shirts using a job order cost system. During March, the following costs were incurred in completing Job ICU2: direct materials, $13,700; direct labor, $4,800; administrative, $1,400; and selling, $5,600. Factory overhead was applied at the rate of $25 per machine hour, and Job ICU2 required 800 machine hours. If Job ICU2 resulted in 7,000 good shirts, the cost of goods sold per unit would be: a.$5.70. b.$6.50. c.$5.50. d.$6.30.
The Healthy Heart Company uses a normal job-order costing system in its only production department. Overhead is applied to jobs by a plant-wide overhead rate based on direct labor hours. The first year of operation began on December 1, 2018. During the month of December 2018, Healthy Heart purchased direct materials with a total cost of $4,000. Of the $4,000, Healthy Heart uſed $500 on Job 100. Job 100 was the only job worked during the month of December 2018....
Data for the next 4 questions: The Donaldson Company uses a job-order cost system. The following data were recorded for June: June 1st DM and DL Costs Added During June Work in Process Job Number Inventory (per Job Direct Materials Direct Labor Cost Sheets) 175 $1,800 $1,000 $ 400 $1,000 $1,500 $ 800 I 177 $ 600 $2,000 $1,200 178 $ 700 $1,500 $1,000 Overhead is applied to jobs at the rate of 60 percent of direct labor cost. Jobs...
Job-Order Costing U-Design-It Furniture Company uses a job-order cost system. The company applies manufacturing overhead to jobs using a predetermined overhead rate based on direct labor hours. The estimated MOH was $144,000 for the year and the estimated direct labor hours were 18,000 hours. In March, Job #175 was completed. Direct materials totaled $7,000. Total labor costs were $6,000 at $20 per hour. At the end of the year, it was determined that the company worked 17,000 direct labor hours...
The Healthy Heart Company uses a normal job-order costing system in its only production department. Overhead is applied to jobs by a plant-wide overhead rate based on direct labor hours. The first year of operation began on December 1, 2018. During the month of December 2018, Healthy Heart purchased direct materials with a total cost of $4,000. Of the $4,000, Healthy Heart used $500 on Job 100. Job 100 was the only job worked during the month of December 2018....
The Film Company uses a job-order costing system. The following
information pertains to the company's activities for the month of
December:
On December 1, the company had two jobs in work in process as
follows: Job 6 $20,000 and Job 8 $14,000
On December 1, the company had job in Finished Goods as follows:
Job 10 $50,000
Jobs 12 and 13 were started during the month.
Materials were purchased on account in December for $54,000
Materials were requisitioned for use...
Dreckman Inc, uses a job order costing system in which any underappiled or overapplied overhead is closed to cost of goods sold at the end of the month. In August the company completed job M27K that consisted of 17000 units of one of the company's standard products. No other jobs were in process during the month The total manufacturing cost for job M27K according to its job cost sheet was 51118.600,hence the per unit product cost is $65.80. During the...
The Film Company uses a job-order costing system. The following information pertains to the company's activities for the month of December: On December 1, the company had two jobs in work in process as follows: Job 6 $20,000 and Job 8 $14,000 On December 1, the company had job in Finished Goods as follows: Job 10 $50,000 Jobs 12 and 13 were started during the month. Materials were purchased on account in December for $54,000 Materials were requisitioned for use...