Exercise 2-4 (Algo) Computing Total Job Costs and Unit Product Costs Using Multiple PredeterminedOverhead Rates [LO2-4]Fickel Company has two manufacturing departments-Assembly and Testing & Packaging. The predetermined overhead rates inAssembly and Testing & Packaging are $26.00 per direct labor-hour and $22.00 per direct labor-hour, respectively. The company'sdirect labor wage rate is $28.00 per hour. The following information pertains to Job N-60:Direct materialsAssembly$ 410Testing &Packaging$ 53$ 322$ 70Direct laborRequired:1. What is the total manufacturing cost assigned to Job N-60? (Do not round intermediate calculations.)2. If Job N-60 consists of 10 units, what is the unit product cost for this job? (Do not round intermediate calculations. Round youranswer to 2 decimal places.)1. Total manufacturing cost2. Unit product costper unit

The total manufacturing cost of a product includes the direct material cost, direct labor cost, and…

Required: 1. What is the total manufacturing cost assigned to Job N-60? (Do not round intermediate calculations.) 2. If Job N-60 consists of 10 units, what is the unit product cost for this job? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Required: 1. What is the total manufacturing cost assigned to Job N-60? (Do not round intermediate calculations.) 2. If Job N-60 consists of 10 units, what is the unit product cost for this job? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 2PB: The following product costs are available for Kellee Company on the production of eyeglass frames:...

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Concept explainers

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.

Question

Exercise 2-4 (Algo) Computing Total Job Costs and Unit Product Costs Using Multiple Predetermined
Overhead Rates [LO2-4]
Fickel Company has two manufacturing departments-Assembly and Testing & Packaging. The predetermined overhead rates in
Assembly and Testing & Packaging are $26.00 per direct labor-hour and $22.00 per direct labor-hour, respectively. The company's
direct labor wage rate is $28.00 per hour. The following information pertains to Job N-60:
Direct materials
Assembly
$ 410
Testing &
Packaging
$ 53
$ 322
$ 70
Direct labor
Required:
1. What is the total manufacturing cost assigned to Job N-60? (Do not round intermediate calculations.)
2. If Job N-60 consists of 10 units, what is the unit product cost for this job? (Do not round intermediate calculations. Round your
answer to 2 decimal places.)
1. Total manufacturing cost
2. Unit product cost
per unit

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