(2) Calculate the overhead cost per unit for Job 1004. (3) Determine the cost per unit...
Highland Corporation is a job order costing company that uses activity-based costing to apply overhead to jobs. The following overhead activities were budgeted for the year. | Activity setups purchasing other overhead Cost $ 100,000 70,000 250,000 | Driver number of setups number of parts of parts direct labor hours Amount of driver 5,000 20.000 50,000 The following information about the jobs was given for October Job 1004 Balance 10/1 direct materials direct labor number of setups number of parts...
Lamour Corporation is a job order costing company that uses activity-based costing to apply overhead to jobs. The following overhead activities were budgeted for the year. Activity Cost Driver Amount of driver Setups $240,000 Number of setups 6,000 Purchasing 160,000 Number of parts 20,000 Other overhead 300,000 Direct labor hours 80,000 The following information about the jobs was given for April. Job 101 Job 102 Job 103 Job 104 Balance 4/1 $64,900 $40,770 $30,500 0 Direct materials 54,000 37,900 25,000...
Ralph Corporation is a job-order costing company that uses activity-based costing to apply overhead to jobs. The following overhead activities were budgeted for the year: Activity Cost Driver Amount of Driver Setups $240,000 number of setups 6,000 Purchasing $160,000 number of parts 20,000 Other overhead $300,000 direct labor hours 100,000 The following information about the jobs was given for the month of April. Job 01 Job 02 Job 03 Job 04 Balance on April 1 $64,900 $40,800 $30,500 Direct materials...
Schmeltz Industries organized in January and recorded the following transactions during its first month of operations. Jan. 5 Jan. 9 Jan. 14 Jan. 18 Jan. 25 Purchased materials on account for $800,000. Used materials costing $450,000 on job no. 1001. Used materials costing $200,000 on job no. 1002. Used materials costing $100,000 on job no. 1003. Applied the following direct labor costs to jobs: job no. 1001, $3,600; job no. 1002, $5,400; job no. 1003, $1,350. (Direct labor workers earn...
Schmeltz Industries organized in January and recorded the following transactions during its first month of operation: Jan. 5 Purchased materials on account for $800,000. Jan. 9 Used materials costing $450,000 on job no. 1001. Jan. 14 Used materials costing $200,000 on job no. 1002. Jan. 18 Used materials costing $100,000 on job no. 1003. Jan. 25 Applied the following direct labor costs to jobs: job no. 1001, $3,600; job no. 1002, $5,400; job no. 1003, $1,350. (Direct labor workers earn...
schmeltz industries organized in january and recorded the following transactions during its first month of operations jan5-purchased materials on account for $800,00 jan9-used materials costing $450,000 on job no.1001 jan14-used materials costing $200,000 on job no.1002 jan18- used materials costing $100,000 on job no.1003 jan25- applied the following direct labor costs to jobs: no.1001, $3600; no.1002 ,$5400; and no.1003 , $1350 (direct labor workers earn $18 per hour) jan27-applied manufacturing overhead to all jobs at a rate of $450 per...
1. calculate plantwide predetermined overhead
rate.
2. complete the job cost sheet for job alpha:
Direct materials
Direct labor
manufacturing overhead applied
total job cost
Hahn Company uses a job-order costing system. Its plantwide predetermined overhead rate uses direct labor-hours as the allocation base. The company pays its direct laborers $14.50 per hour. During the year, the company started and completed only two jobs-Job Alpha, which used 69.700 direct labor-hours, and Job Omega. The job cost sheets for the these...
A company has identified the following overhead costs and cost drivers for the coming year: (CIA adapted) Overhead Item Machine setup Inspection Material handling Engineering Cost Driver Budgeted Cost Number of setups $ 20,000 Number of inspections 130,000 Number of material moves 80,000 Engineering hours 50,000 Budgeted Activity Level 200 6,500 8,000 1,000 Budgeted direct labor cost was $100,000 and budgeted direct material cost was $280,000. The following Information was collected on three jobs that were completed during the year:...
The Green Company makes boats from wood. Job 459 is to build 40 rowboats. Job 459 requires 1,000 pounds of wood costing $8 per pound. It requires 60 hours of direct labor costing $25 per hour. Total cost for all jobs Total amount of activity for all jobs Type of manufacturing overhead for the whole year for the whole year Setup Cost $50,000 400 setups Materials Handling 320,000 16,000 moves Electricity 30,000 6,000 machine hours _______ Total manufacturing...
Weinrich Manufacturing uses a job order cost system and applies overhead to production on the basis of direct labor hours. On January 1, 2019, Job No. 25 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $10,000; direct labor $6,000; and manufacturing overhead $9,000. Job No. 23 had been completed at a cost of $42,000 and was part of finished goods inventory. There was a $8,000 balance in...