Jack Klett equipment company began the following jobs during August 2008: Job 50
ID: 2419048 • Letter: J
Question
Jack Klett equipment company began the following jobs during August 2008:Job 500 Job 600
Direct material. $1,000 $1,000 Direct labor. $1,800 $3,000 Direct labor hours. 120. 200 Machine hours machine A. 10. 50 Machine hours machine B. 50. 0 Machine set-ups 2 1 Material movements. 200. 75
Estimated overhead cost for 2008:
Depreciation machine A $50,000 Depreciation machine B 300,000 Machine set-up cost 75,000 Material handling cost 100,000 Other overhead cost 80,000
Total 605,000
Estimated activities for 2008:
Machine hours machine A 500 Machine hours machine B 500 Number of set-ups 75 Number of material movements 5,000 Number of direct labor hours 10,000
Jack Klett equipment company began the following jobs during August 2008:
Job 500 Job 600
Direct material. $1,000 $1,000 Direct labor. $1,800 $3,000 Direct labor hours. 120. 200 Machine hours machine A. 10. 50 Machine hours machine B. 50. 0 Machine set-ups 2 1 Material movements. 200. 75
Estimated overhead cost for 2008:
Depreciation machine A $50,000 Depreciation machine B 300,000 Machine set-up cost 75,000 Material handling cost 100,000 Other overhead cost 80,000
Total 605,000
Estimated activities for 2008:
Machine hours machine A 500 Machine hours machine B 500 Number of set-ups 75 Number of material movements 5,000 Number of direct labor hours 10,000
Job 500 Job 600
Direct material. $1,000 $1,000 Direct labor. $1,800 $3,000 Direct labor hours. 120. 200 Machine hours machine A. 10. 50 Machine hours machine B. 50. 0 Machine set-ups 2 1 Material movements. 200. 75
Estimated overhead cost for 2008:
Depreciation machine A $50,000 Depreciation machine B 300,000 Machine set-up cost 75,000 Material handling cost 100,000 Other overhead cost 80,000
Total 605,000
Estimated activities for 2008:
Machine hours machine A 500 Machine hours machine B 500 Number of set-ups 75 Number of material movements 5,000 Number of direct labor hours 10,000
Explanation / Answer
Solution.
Direct component Job 500 Job 600 Total Direct material. 1,000 1000 2,000 Direct labor 1800 3000 4800 Total Direct Cost 2,800 4000 6,800Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.