Liwa company assigns overhead cost to completed jobs on the basis of direct labor cost. The...
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Liwa company assigns overhead cost to completed jobs on the basis of direct labor cost. The job cost sheet for Job A22 shows that AED 54,000 in direct materials has been used on the job and that $ 40,000 in direct labor cost has been incurred. The POHR is estimated to be AED 0.75 per AED 1 direct labor cost. Required: 1-Calculate the cost of the Job A22. 2-Calculate the cost per unit if the company produced 10,000 units for the Job A22? Liwa company assigns overhead cost to completed jobs on the basis of direct labor cost. The job cost sheet for Job A22 shows that AED 54,000 in direct materials has been used on the job and that $ 40,000 in direct labor cost has been incurred. The POHR is estimated to be AED 0.75 per AED 1 direct labor cost. Required: 1-Calculate the cost of the Job A22. 2-Calculate the cost per unit if the company produced 10,000 units for the Job A22?
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SOLUTION To calculate the cost of Job A22 we need to consider both the direct material... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0078111006
14th edition
Authors: Ray Garrison, Eric Noreen and Peter Brewer
Posted Date:
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