Job 123 was recently completed by BudolBudol Me Corporation. The following data have been recorded on its job cost sheet: Direct materials $52,260 Direct labor-hours 1,326 labor-hours Direct labor wage rate $10 per labor-hour Machine-hours 819 machine-hours Number of units completed 3,900 units The company applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $11 per machine-hour. Required: Compute the unit product cost that would appear on the job cost sheet for this job.
Job 123 was recently completed by BudolBudol Me Corporation. The following data have been recorded on its job cost sheet: Direct materials $52,260 Direct labor-hours 1,326 labor-hours Direct labor wage rate $10 per labor-hour Machine-hours 819 machine-hours Number of units completed 3,900 units The company applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $11 per machine-hour. Required: Compute the unit product cost that would appear on the job cost sheet for this job.
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 10EB: Inez has the following information relating to Job AA5. Direct material cost was $200,000, direct...
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Variance Analysis
In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.
Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
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