Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. detmer liebold uses a job-order costing system wit

Detmer Liebold uses a job-order costing system with a single predetermined overhead rate based on direct...

Free

70.2K

Verified Solution

Question

Accounting

Detmer Liebold uses a job-order costing system with a singlepredetermined overhead rate based on direct labor hours. Thepredetermined overhead rate is based on the following data: Totaldirect labor hours 70,000

Total fixed overhead cost 273,000

Variable manufacturing overhead per direct labor hour $6.00

Job 924 was recently completed with the followingcharacteristics.

Number of units produced 50

Total direct labor hours 100 Direct materials $680

Direct labor cost $7,000

Complete the following table to calculate the unit product costfor Job 924:

Account                                                                           Amount                                              Calculations

Total fixed manufacturing overhead cost

+ Total variable manufacturing overhead cost

Total manufacturing overhead cost

/ Direct labor hours

Predetermined overhead rate

Direct materials

Direct labor

Manufacturing overhead applied

Total cost of Job 924

Total cost of Job 924    From calculation above

/ Number of units produced Unit product cost for Job 924

Answer & Explanation Solved by verified expert
4.3 Ratings (513 Votes)

Account                                                                             Amount Calculations
Total fixed manufacturing overhead cost $273,000
+ Total variable manufacturing overhead cost $420,000 $6.00 × 70000
Total manufacturing overhead cost $693,000
/ Direct labor hours 70000
Predetermined overhead rate $9.90
Direct materials $          680
Direct labor $      7,000
Manufacturing overhead applied $          990 $9.90 × 100
Total cost of Job 924 $      8,670
Total cost of Job 924    From calculation above $      8,670
/

Number of units produced Unit product cost for Job 924

 50
Unit product cost for Job 924 $    173.40

Feel free to ask any clarification, if required. Please provide feedback by thumbs up, if satisfied. It will be highly appreciated. Thank you.
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Calculate the theoretical amounts of 0.1000 M NaOH titrant used to titrate 0.8 and 0.9 g...

Chemistry
Q

1 (a).In general, what types of questions should you not ask in an interview? Provide at...

Psychology
Q

In the paragraph below, Virginia Held summarizes her view on the ethics of care. Do you...

Psychology
Q

Given m n find the value of x 62 9x 19 1 m n

Geometry
Q

If the average American male is 5 10 and the standard deviation is 3 then...

Basic Math
Q

Find the period of y=-2 sin (4x + ?/2)A) ?B) 4C) ?/2D) 2

Basic Math
Q

What is 7,000,000+ 900,000+20,000 + 7,000 + 400 + 40 + 2 in standard form?

Basic Math
Q

Donna Stober's estate has the following assets (all figures approximate fair value): Investments...

Accounting
Q

Practice Question: 8. A company issues 9%, 5-year bonds with a par value of $140,000...

Accounting
Q

d) record the assignments of direct materials, direct labor, and manufacturing overhead costs to production.

Accounting
Q

22. A portfolio is composed of two stocks, A and B. Stock A has a...

Finance
Q

Reporting and Analyzing Inventory () Cambridge Business Publishers a. Construct a projected balance sheet as...

Accounting