Vaughn Sportswear manufactures a line of specialty T-shirts using a job order costing system. In March...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Vaughn Sportswear manufactures a line of specialty T-shirts using a job order costing system. In March the company incurred the following costs to complete Job ICU2: direct materials, $23,200, and direct labor, $5,200. The company also incurred $1,200 of administrative costs and $2,400 of selling costs to complete this job. Job ICU2 required 1,200 machine hours. Factory overhead was applied to the job at a rate of $20 per machine hour. If Job ICU2 resulted in 4,000 good shirts, what was the cost of goods sold per shirt? (Round answer to 1 decimal place, e.g. 3.5.) Cost per shirt LA Vaughn Sportswear manufactures a line of specialty T-shirts using a job order costing system. In March the company incurred the following costs to complete Job ICU2: direct materials, $23,200, and direct labor, $5,200. The company also incurred $1,200 of administrative costs and $2,400 of selling costs to complete this job. Job ICU2 required 1,200 machine hours. Factory overhead was applied to the job at a rate of $20 per machine hour. If Job ICU2 resulted in 4,000 good shirts, what was the cost of goods sold per shirt? (Round answer to 1 decimal place, e.g. 3.5.) Cost per shirt LA
Expert Answer:
Answer rating: 100% (QA)
To calculate the cost of goods sold per shirt we nee... View the full answer
Related Book For
Posted Date:
Students also viewed these mathematics questions
-
Lucy Sportswear manufactures a line of specialty T-shirts using a job order costing system. In March the company incurred the following costs to complete Job ICU2: direct materials, $13,700, and...
-
Lucy Sportswear manufactures a line of specialty T-shirts using a job order costing system. In March the company incurred the following costs to complete Job ICU2: direct materials, $19,200, and...
-
Data 1 You work for Thunderduck Custom Tables Inc. This is the first month of operations. The company designs and manufactures specialty tables. Each table is specially customized for the customer....
-
You name the catastrophe, and JIT has been through it and survived. Toyota Motor Corporation has had its world-renowned JIT system tested by fire. The massive fire incinerated the main source of...
-
And because of his scholarship wasnt Folk obligated to put Boston Universitys needs before his own?
-
Mr. and Mrs. Remy have the following allowable itemized deductions this year. Medical expenses ........................................... $2,310 State and local taxes...
-
What are the disadvantages of the present salary-only compensation plan? What advice would you give to Booth about devising and implementing a new system of compensation for the sales force?
-
Morro Bay Surfboards manufactures fiberglass surfboards. The standard cost of direct materials and direct manufacturing labor is $225 per board. This includes 30 pounds of direct materials, at the...
-
SQL Server has different security models for users connecting to a database. The DBA has the ability to use a SQL Server login or a Windows login. The Windows login can be a user or a group with...
-
Use Microsoft Visio or Visible Analyst to view and print the contextlevel data flow diagram for the computer inventory system as Chip and Anna did E2 Use the Repository feature or the Repository web...
-
Find the root of the equation x = cos(x). In this problem, you may assume that cos(x) is continuous at all real numbers. You may also use a calculator for the computations. 1 (a) Show that the...
-
How important is a good handshake, and what determines a proper handshake?
-
Describe the two individual differences pertinent to communication style principles.
-
Service, retail, manufacturing, and wholesale firms that embrace the marketing concept have adopted or are adopting consultative selling practices. Describe the major features of consultative selling.
-
Consider Southeast Home Care, a for-profit business. In 2020, its net income was $1,500,000 and it distributed $500,000 to owners in the form of dividends. Its beginning-of-year equity balance was...
-
What type of health services organization is most likely to use fund accounting?
-
A restaurant forecasts 200 guests for a given period of time. The menu mix typically shows that 17% of guests order chicken skewers and 33% order rib-eye steak. Both are served with baked potato and...
-
Archangel Corporation prepared the following variance report. Instructions Fill in the appropriate amounts or letters for the question marks in the report. ARCHANGEL CORPORATION Variance...
-
1. Do you think all of the steps in the planned buying process are used when buying simple everyday products (such as a loaf of bread or a half-gallon of milk), or are they used only when buying...
-
1. Distinguish among the owner, the insured, the beneficiary, and the contingent beneficiary of a life insurance policy. 2. Briefly describe each of the five components of all insurance policies. 3....
-
(a) Is Justins enthusiasm over the idea of a debt-consolidation loan justified? Why or why not? (b) Why can the bank offer such a good deal to Justin? (c) What compromise would Justin make to remit...
-
How is biological anthropology today fundamentally different from its origins as physical anthropology?
-
How did the earliest biblical scholars estimate Earths age?
-
How is science different from other ways of understanding the world?
Study smarter with the SolutionInn App