Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. parker company uses a job order cost system and ap

Parker company uses a job order cost system and applies overhead on the basis of...

70.2K

Verified Solution

Question

Accounting

Parker company uses a job order cost system and applies overhead on the basis of direct labor hours. manufacturing overhead and direct labor hours were estimated at $70,000 and 20,000 hours respectively. In June job number 461 was completed. Materials cost on the job totaled $4000 and labor cost totaled 4800 dollars and $12 dollars per hour. Assume job 461 contained 100 units. Compute the cost per unit on the completed job cost sheet

Answer & Explanation Solved by verified expert
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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students