Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the above question for reference and the questions

The above question for reference and the questions from 1-5 are below i need all...

80.2K

Verified Solution

Question

Accounting

The above question for reference and the questions from 1-5 are below i need all 5 answers asap only then ill give thumbs up :)
Hope im clear.
image
X Classwork on Job costing Job costing Using FBC Lotus Lad has identified the following overhead costs and cost drivers for next year Overhead Items Setups cost Ordering Cost Maintenance cost E costs 90,000 350,000 150 000 The following is one of the jobs completed during the year Direct materials Direct Labor Units completed DLH Number of setups Number of orders Machine hours Kilowatt hours Actual overhead Job 700 $28.100 SI1.900 550 48 8 10 50 60 524.800 The company's practical activity is 6200 machine hours. The company ses MH to allocate cost to the JOB REQUIRED 1. Calculate the predetermined rate for the plant using FBC costing for job 700 PR-estimated overhead Totallestimated activity inanits 2. Calculate the applied cost for Job 700 Allocated cost RX MR used in job 700 3. Calculate total product cost using FBC for job 700 DM job 700) DL job 7001 MO (allocated IPC (Job 2001 4. Calculate the unit cost for job 700? Unit cost - TPC / units produced 5. Is the overhead over-applied or under-applied Compare allocated cost and actual cost of Job 700

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