Wednesday 30 October 2019

5).Details for job 5A are: direct material $1000, direct labor $500, labor hours 20, machine hours 15. The

5).Details for job 5A are: direct material $1000, direct labor $500, labor hours 20, machine hours 15. The overhead rate is $5 per labor hour. Total job costs are?
6).Details for job 5A are: direct material $1000, direct labor $500, overhead $100. If the markup percentage is 200% what is the selling price?
7).Estimates: 20000 labor hours; 1200 machine hours; $48,000 fixed overhead: $6 variable overhead per machine hour. The predetermined rate with machine hours as the allocation base is?
8).Details for job 5A are: direct material $1000, direct labor $500, labor hours 20, machine hours 15. The overhead rate is $3 per machine hour. Total Job cost is?
9).Details for job 5A are: direct material $1000, direct labor $500, labor hours 20, machine hours 15. The overhead rate is $3 per machine hour. Markup is 250%. Selling price is?

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