11. Decision Making with Job Order CostsAlvarez Manufacturing Inc. is a job shop. The management of Alvarez Manufacturing Inc. uses the cost information from the job sheets to assess cost performance. Information on the total cost, product type, and quantity of items produced is as follows:Date Job No.ProductQuantityAmountJan. 21 TT520 $16,120Jan. 1522 SS1,610 20,125Feb. 330 SS1,420 25,560Mar. 741 TT670 15,075Mar. 2449 SLK2,210 22,100May 1958 SLK2,550 31,875June 1265 TT620 10,540Aug. 1878 SLK3,110 48,205Sept. 282 SS1,210 16,940Nov. 1492 TT750 8,250Dec. 1298 SLK2,700 52,650 a. On your own paper, develop a graph for each product (three graphs), with Job Number (in date order) on the horizontal axis and Unit Cost on thevertical axis. Then, determine Alvarez Manufacturing Inc.'s cost performance over time for the three products. Round all answers to the nearest cent.Job No.Unit Cost1.22304149586578829298

Answered: a. On your own paper, develop a graph…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter2: Job Order Costing

Section: Chapter Questions

Problem 2MAD: Alvarez Manufacturing Inc. is a job shop. The management of Alvarez Manufacturing Inc. uses the cost...

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11. Decision Making with Job Order Costs

Alvarez Manufacturing Inc. is a job shop. The management of Alvarez Manufacturing Inc. uses the cost information from the job sheets to assess cost performance. Information on the total cost, product type, and quantity of items produced is as follows:

Date	Job No.	Product	Quantity	Amount
Jan. 2	1	TT	520	$16,120
Jan. 15	22	SS	1,610	20,125
Feb. 3	30	SS	1,420	25,560
Mar. 7	41	TT	670	15,075
Mar. 24	49	SLK	2,210	22,100
May 19	58	SLK	2,550	31,875
June 12	65	TT	620	10,540
Aug. 18	78	SLK	3,110	48,205
Sept. 2	82	SS	1,210	16,940
Nov. 14	92	TT	750	8,250
Dec. 12	98	SLK	2,700	52,650

a. On your own paper, develop a graph for each product (three graphs), with Job Number (in date order) on the horizontal axis and Unit Cost on the
vertical axis. Then, determine Alvarez Manufacturing Inc.'s cost performance over time for the three products. Round all answers to the nearest cent.
Job No.
Unit Cost
1.
22
30
41
49
58
65
78
82
92
98

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