Please answer this CoursHeroTranscribedText: Smile Co. uses a job order costing system that combines actual...

90.2K

Verified Solution

Question

Accounting

Please answer this

imageimage
CoursHeroTranscribedText: Smile Co. uses a job order costing system that combines actual direct material and actual direct labor costs with a predetermined overhead charge based on machine hours Expected overhead and machine hours of $2,593,600 and mood, respectively, were used in developing the predetermined rate forthe year. During the year, the company worked on Jot: #Bi' and incurred the following costs and machine hours: Direct material STEIJDDD Direct labor $341380 a. :L What is the total cost of Job #STE? 1 What is the cost per unit if 1401:! were made? b. in completing Job #315; 48 units were defective and had to be reworked at a cost of $25 each Assume that spoilage and rework costs were included in the original estimated overhead costs. Where does the 311290 rework cost appear in the accounts ofSrnile Co? c. Disregard the facts in {la}. Upon completing Jot: mm, the duality.r control inspector determined that 48 units were spoiled and would be unacceptable to the customer. Fortyeight additional good units were made at a total cost of 51224. The spoiled units were sold for $384 as "seconds" to an outlet store. What is the total (rst of Job #3?6

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