Question: Jordan Manufacturing uses a predetermined overhead allocation rate based on direct labor cost. At the beginning of the year, it estimated the manufacturing overhead rate

Jordan Manufacturing uses a predetermined overhead allocation rate based on direct labor cost. At the beginning of the year, it estimated the manufacturing overhead rate to be 20% of the direct labor cost. In the month of June, Jordan completed Job 13C, and its details are as follows: Direct materials cost Direct labor cost Direct labor hours Units of product produced $6,300 $20,000 30 hours 240 What is the cost per unit of finished product of Job 13C? (Round your answer to the nearest cent.) A. $100.00 B. $126.25 C. $109.61 D. $114.83

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Olympia Manufacturing uses a predetermined overhead allocation rate based on direct labor cost. At the beginning of the year, Olympia estimated total manufacturing overhead costs at $1,020,000 and...

Jordan Manutacturing uses a predetermined overhead allocation rate based on direct labor cost. At the beginning of the year, it estimated the manutacturing overhead Fate to be 20% of the direct labor...

COMPRC D https n/Student/PlayerTestaspxtestd-197195694ecenterwin yes O'Dell BUSI 18-Spring 2019 Alex Soto&1 217/19 3:41 PM Test: Chapter 17 Test u This Question: 1 p Time Remaining: 00 4400 Submt...

Clinton Manufacturing uses a predetermined overhead allocation rate based on direct labor costs. The following are the details of production during the year Total manufacturing overhead costs...

Clinton Manufacturing uses a predetermined overhead allocation rate based on direct labor costs. The following are the details of production during the year: Total manufacturing overhead costs...

20. Claire Manufacturing uses a predetermined overhead allocation rate based on direct labor cost. At the beginning of the year, the company estimated total manufacturing overhead costs at $1,020,000...

VA ANA 0 WEAVO OBSA OC OD 20 Fall 102 15 Class Test: Unit 3 This Question: 2 pts Gli Manufacturing uses a predetermined overhead allocation rate based on direct labor cost. At the beginning of the...

Olympia Manufacturing uses a predetermined overhead allocation rate based on direct labor cost. At the beginning of the year, Olympia estimated total manufacturing overhead costs at $1,000,000 and...

Olympia Manufacturing uses a predetermined overhead allocation rate based on direct labor cost. At the beginning of the year, Olympia estimated total manufacturing overhead costs at $1,040,000 and...

Financing activities on the statement of cash flows reflect the cash transactions of the long-term liability and equity accounts, such as Long-Term Notes Payable, Bonds Payable, and Common Stock. O O...

Writing a Survey: Studying Employee Use of Instant Messaging Instant messaging (IM) is a popular way to exchange messages in real time. It offers the convenience of telephone conversations and...

Compute the annual yield (I/Y) on a 5-year, $10,000 annuity due with monthly payments of $220.24. Select one: O a. 15% O b. 18% c. 12% d. 10% e. 14% O O

so what kind of offering is H&R Block issues additional shares of common stock through an investment banker.

CT Corp Comprehensive Question Canadian Tire Corporation, Limited ( Canadian Tire ) is a family of companies that includes a retail segment and a financial services division, among others. The retail...

For each of the following situations, indicate whether the direct or the indirect organizational plan would be most appropriate and why. (Objective 2) a. One of your sales representatives applied for...

Explain why spell checkers and style checkers do not replace proofreading. (Objective 2 )

Using the indirect plan, indicate the most coherent order for these sentences by listing their letters in that order: a. The evening meal is a perfect time for families to talk and share events of...