Problem: Cost Flows
Consider the following independent jobs. Overhead is applied in Department 1 at the rate of $6 per direct labor hour. Overhead is applied in Department 2 at the rate of $8 per machine hour. Direct labor wages average $10 per hour in each department.
Required:
Fill in the missing data for each job. If an amount box does not require an entry, leave it blank or enter zero ("0"). If required, round your answers to two decimal places.
|
|
Job 213
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Job 214
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Job 217
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Job 225
|
|
Total sales revenue
|
$
|
$4,375
|
$5,600
|
$1,150
|
|
Price per unit
|
$12
|
$
|
$14
|
$5
|
|
Materials used in production
|
$365
|
$
|
$488
|
$207
|
|
Department 1, direct labor cost
|
$
|
$700
|
$2,000
|
$230
|
|
Department 1, machine hours
|
15
|
35
|
50
|
12
|
|
Department 2, direct labor cost
|
$50
|
$100
|
$
|
$0
|
|
Department 2, machine hours
|
25
|
50
|
|
|
|
Department 1, overhead applied
|
$90
|
$
|
$1,200
|
$138
|
|
Department 2, overhead applied
|
$
|
$400
|
$160
|
$0
|
|
Total manufacturing cost
|
$855
|
$3,073
|
$
|
$575
|
|
Number of units
|
350
|
400
|
|
|
|
Unit cost
|
$8.55
|
$
|
$9.87
|
$
|