Job 100 incurred 700 machine hours in Department 1 and 75 in department 2 and 200 manufacturing labor hours in department 1 and 250 in department 2. The company uses a budgeted departmental overhead rate for applying overhead to production. Job 100 consisted of 3,000 lamps.
Required:
Calculate the total cost and per unit cost of Job 100.
Osterville Manufacturing produces lamps for large department stores. For 2007, the two production departments had budgeted allocation bases of 100,000 machine hours in Dept 1 and 50,000 direct manufacturing labor hours in Department 2. The budgeted manufacturing overheads for 2007 were $1,200,000 for Dept. 1 and $1,000,000 for Dept. 2. For Job 100, the actual costs incurred in the two departments were as follows:
Correct Answer:
Verified
Q75: Fill in the missing items for the
Q76: Fill in the missing items for the
Q77: (1) Denotes materials purchased
Assume that the following
Q78: McGorry applies overhead to production at a
Q79: Butte Boat Company, experienced the following events
Q81: Ryan Brooks Architecture does custom architectural designs
Q82: The financial records of Courville, Inc. have
Q83: Precision Measurement Company manufactures precision-measuring devices used
Q84: At year-end, the company's overhead T account
Q85: The Button Box is a custom decorating
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents