Required: 1. Should Irrigation Specialties use process costing or job-order costing? Process costing 2. If Irrigation Specialties uses an actual costing system, what is the cost of a single system installed in June? In July? In August? Round your answers to the nearest dollar. 682 per system June July 654 per system August $ 621 per system 3. Now assume that Irrigation Specialties uses a normal costing system. Estimated overhead for the year is $54,000, and estimated production is 600 watering systems. What is the predetermined overhead rate per system? 90 per system installed What is the cost of a single system installed in June? In July? In August? 590 per system June July 590 per system August $ 590 per system
Required: 1. Should Irrigation Specialties use process costing or job-order costing? Process costing 2. If Irrigation Specialties uses an actual costing system, what is the cost of a single system installed in June? In July? In August? Round your answers to the nearest dollar. 682 per system June July 654 per system August $ 621 per system 3. Now assume that Irrigation Specialties uses a normal costing system. Estimated overhead for the year is $54,000, and estimated production is 600 watering systems. What is the predetermined overhead rate per system? 90 per system installed What is the cost of a single system installed in June? In July? In August? 590 per system June July 590 per system August $ 590 per system
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 2PB: Rulers Company is a neon sign company that estimated overhead will be $60,000, consisting of 1,500...
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