32. Analyze Brady Furniture Company’s job costs Brady Furniture Company manufactures wooden oak furniture. The company...
32. Analyze Brady Furniture Company’s job costs
Brady Furniture Company manufactures wooden oak furniture. The company employs a job cost system to trace manufacturing costs to jobs. Each job represents a batch of furniture of the same type. Information regarding direct materials on selected jobs throughout the year is as follows:
Job No. |
Date |
Count |
Style |
Board Feet |
Cost per Board Foot |
Total Direct Materials Cost per Job |
| Job 102 | Jan. 20 | 20 | Dining tables | 400 | $5.00 | $2,000 |
| Job 106 | Jan. 20 | 100 | Coffee tables | 1,000 | 5.00 | 5,000 |
| Job 107 | Jan. 20 | 50 | Chairs | 250 | 5.00 | 1,250 |
| Job 203 | Apr. 21 | 20 | Dining tables | 404 | 5.00 | 2,020 |
| Job 205 | Apr. 21 | 100 | Coffee tables | 990 | 5.00 | 4,950 |
| Job 206 | Apr. 21 | 52 | Chairs | 259 | 5.00 | 1,295 |
| Job 289 | July 20 | 20 | Dining tables | 448 | 6.00 | 2,688 |
| Job 294 | July 20 | 140 | Coffee tables | 1,414 | 6.00 | 8,484 |
| Job 295 | July 20 | 60 | Chairs | 312 | 6.00 | 1,872 |
| Job 389 | Oct. 18 | 22 | Dining tables | 517 | 6.00 | 3,102 |
| Job 391 | Oct. 18 | 160 | Coffee tables | 1,600 | 6.00 | 9,600 |
| Job 392 | Oct. 18 | 80 | Chairs | 400 | 6.00 | 2,400 |
| Job 570 | Dec. 11 | 25 | Dining tables | 615 | 6.00 | 3,690 |
| Job 573 | Dec. 11 | 180 | Coffee tables | 1,836 | 6.00 | 11,016 |
| Job 574 | Dec. 11 | 90 | Chairs | 450 | 6.00 | 2,700 |
Dining tables are the most difficult furniture item in Brady's catalog to manufacture. Thus, the most skilled employees are scheduled to make dining tables, unless they are required for other jobs.
a. Determine the material cost per unit for each job. Round all answers to the nearest cent.
b. Use the January material cost per unit for each type of furniture as the base material cost. For each month and each type of furniture, determine the unit material cost as a percent of the base unit material cost. Round percent to one decimal place. Use the following table format:
29.
Analyze Antolini Enterprises’ job costs
Antolini Enterprises produces men’s sports coats that are sold by popular department stores. Each retail order is treated as a job that accumulates materials, labor, and overhead costs for a batch of sports coats. Management has obtained data on the labor costs for four selected jobs over a six-month period. Each selected job represents a similar style and size of sports coat. The data are as follows:
| Count | Direct Labor Hours |
Direct Labor Rate per Hour |
Total Direct Labor Cost |
|
| Job 107 | 10 | 4.50 | $14.00 | $ 63.00 |
| Job 125 | 14 | 7.00 | 14.00 | 98.00 |
| Job 160 | 16 | 8.80 | 14.00 | 123.20 |
| Job 192 | 8 | 3.20 | 16.00 | 51.20 |
a. Determine the direct labor cost per unit for each job.
c. Determine the direct labor hours per sports coat.
Homework Answers
| 32) | |||||
| a) | |||||
| A | B | C | D | E | F = E/C |
| Job No. | Date | Count | Style | Total Direct Materials Cost per Job | Material cost Per Unit |
| Job 102 | Jan. 20 | 20 | Dining tables | $ 2,000.00 | $ 100.00 |
| Job 106 | Jan. 20 | 100 | Coffee tables | $ 5,000.00 | $ 50.00 |
| Job 107 | Jan. 20 | 50 | Chairs | $ 1,250.00 | $ 25.00 |
| Job 203 | Apr. 21 | 20 | Dining tables | $ 2,020.00 | $ 101.00 |
| Job 205 | Apr. 21 | 100 | Coffee tables | $ 4,950.00 | $ 49.50 |
| Job 206 | Apr. 21 | 52 | Chairs | $ 1,295.00 | $ 24.90 |
| Job 289 | 20-Jul | 20 | Dining tables | $ 2,688.00 | $ 134.40 |
| Job 294 | 20-Jul | 140 | Coffee tables | $ 8,484.00 | $ 60.60 |
| Job 295 | 20-Jul | 60 | Chairs | $ 1,872.00 | $ 31.20 |
| Job 389 | Oct. 18 | 22 | Dining tables | $ 3,102.00 | $ 141.00 |
| Job 391 | Oct. 18 | 160 | Coffee tables | $ 9,600.00 | $ 60.00 |
| Job 392 | Oct. 18 | 80 | Chairs | $ 2,400.00 | $ 30.00 |
| Job 570 | Dec. 11 | 25 | Dining tables | $ 3,690.00 | $ 147.60 |
| Job 573 | Dec. 11 | 180 | Coffee tables | $ 11,016.00 | $ 61.20 |
| Job 574 | Dec. 11 | 90 | Chairs | $ 2,700.00 | $ 30.00 |
| b) | |||||
| Jan. | Apr. | July | Oct. | Dec. | |
| Dinning Table | 100% | 101.00% | 134.40% | 141.00% | 147.60% |
| Coffee Table | 100% | 99.00% | 121.20% | 120.00% | 122.40% |
| Chairs | 100% | 99.62% | 124.80% | 120.00% | 120.00% |
| 29 | |||||
| Analyze Antolini Enterprises’ job costs | |||||
| Antolini Enterprises produces men’s sports coats that are sold by popular department stores. Each retail order is treated as a job that accumulates materials, labor, and overhead costs for a batch of sports coats. Management has obtained data on the labor costs for four selected jobs over a six-month period. Each selected job represents a similar style and size of sports coat. The data are as follows: | |||||
| Count | Direct Labor Rate | ||||
| Direct Labor hours | per Hour | Total Direct Labor Cost | |||
| Job 107 | 10 | 4.5 | $14.00 | 63 | |
| Job 125 | 14 | 7 | 14 | 98 | |
| Job 160 | 16 | 8.8 | 14 | 123.2 | |
| Job 192 | 8 | 3.2 | 16 | 51.2 | |
| a. Determine the direct labor cost per unit for each job. | |||||
| c. Determine the direct labor hours per sports coat. | |||||
| a) | |||||
| Total Direct Labor Cost A | Count B | Direct Labor cost per unit (A/B) | |||
| Job 107 | $ 63.00 | 10 | $ 6.30 | ||
| Job 125 | $ 98.00 | 14 | $ 7.00 | ||
| Job 160 | $ 123.20 | 16 | $ 7.70 | ||
| Job 192 | $ 51.20 | 8 | $ 6.40 | ||
| b) | |||||
| Direct Labor hours A | Count B | Direct Labor Hours per sports coat (A/B) | |||
| Job 107 | 4.5 | 10 | 0.45 | ||
| Job 125 | 7 | 14 | 0.5 | ||
| Job 160 | 8.8 | 16 | 0.55 | ||
| Job 192 | 3.2 | 8 | 0.4 | ||
Add Answer to:
32. Analyze Brady Furniture Company’s job costs
Brady Furniture Company manufactures wooden oak furniture. The
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Brady Associates is a recently formed law partnership. Brady A6operates at capacity and uses a cost...
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Brady A6operates at capacity and uses a cost based approach to
pricing (billing) each job. Currently it uses simple costing system
with a single direct cost category (professional labor hours) and a
single indirect cost pool (general support). indirect costs are
allocated to cases on the basic of professional labor hours per
case. The job files for two Brady's clients, Janek Enterprises and
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