For the year ended December 31, 2017, Waltz Company incurred the following costs on job number 007 for manufacturing 500 units:   Original cost accumulation:  Direct materials     800,000 Direct labor:          500,000 Manufacturing     125,000   Direct costs of reworking 200 units: Direct materials      320,000 Direct labor            200,000   What is the cost per unit of Job Number 007 if the rework costs were attributable for the exacting specifications?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
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Chapter5: Process Costing
Section: Chapter Questions
Problem 8EB: A production department within a company received materials of $7,000 and conversion costs of $5,000...
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For the year ended December 31, 2017, Waltz Company incurred the following costs on job number 007 for manufacturing 500 units:

 

Original cost accumulation: 

Direct materials     800,000

Direct labor:          500,000

Manufacturing     125,000

 

Direct costs of reworking 200 units:

Direct materials      320,000

Direct labor            200,000

 

What is the cost per unit of Job Number 007 if the rework costs were attributable for the exacting specifications? 

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