Calico Corporation produced 2000 units in job 903. The following data is given for job 903 for
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Question:
Calico Corporation produced 2000 units in job 903. The following data is given for job 903 for the year:
direct materials used | $2300 |
Direct labor costs | $700 |
Actual manufacturing overhead rate per direct labor hour | $17.15 |
Default manufacturing overhead rate per direct labor hour | $18.30 |
Direct labor hours used in Job 903 | 35 |
Direct labor rate per hour | $20 |
Sale Price per Unit | $3.50 |
What is the gross profit for the 903 job before adjusting for over- or under-applied overhead?
Related Book For
Managerial Accounting
ISBN: 9780073526706
12th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
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