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lana66690 [7]
3 years ago
6

Newhard Company assigns overhead cost to jobs on the basis of 115% of direct labor cost. The job cost sheet for Job 313 includes

$29,710 in direct materials cost and $10,600 in direct labor cost. A total of 1,750 units were produced in Job 313. Required: a. What is the total manufacturing cost assigned to Job 313? b. What is the unit product cost for Job 313?
Business
1 answer:
Nina [5.8K]3 years ago
8 0

Answer:a.Total manufacturing costs for Job 313 =$52,500

Unit Product Cost for Job 313=$30

Explanation:

Total manufacturing costs=Direct materials+Direct labor costs+Overhead costs

But Overhead cost =115% of direct labor cost

= 115% x $10,600

=$12,190

Total manufacturing costs =$29,710 + $10,600+$12,190

=$52,500

Unit Product Cost=Total Manufacturing costs/ Total Number of Units Produced =$52,500 /1,750 units

=$30

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zaharov [31]

Answer:

6

Explanation:

The average turnover ratio is calculated using the formula.

average turnover ratio = Costs of goods sold

    Average inventories

For Wilkens Company, Costs of goods sold will be sales revenue - the gross profit

= $1,800,000- $600,000 = $1,200,000

Average inventory = Beginning stock + Ending stock /2

= $160,000 + $240,000 /2

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Average turnover ratio = $1,200,000

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Likurg_2 [28]

Here is the correct question:

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True or False

Answer:

TRUE

Explanation:

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7 0
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mario62 [17]

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Blizzard [7]

Answer:

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Hence, we can safely deduce that the primary functions of management are producing order and consistency within an organization, so as to meet their set goals, aims and objectives.

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