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?
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?
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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