ACME Company manufactures a special line of lamps. The company uses a job costing system. During the
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Question:
ACME Company manufactures a special line of lamps. The company uses a job costing system. During the month, the following costs were incurred on job 1041:
Direct materials $54,800 and direct labor $19,200.
In addition, costs of sales of $7,135 were incurred on the job.
Manufacturing overhead was applied at a rate of $25 per machine-hour (MH) and job 1041 required 320 MH.
If job 1041 consisted of 6590 lamps, calculate the cost of goods sold per lamp.
Related Book For
Cost management a strategic approach
ISBN: 978-0073526942
5th edition
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
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