Ryans Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours.The company based its predetermined overhead rate for the current year on the following data: Recently Job P512 was completed with the following characteristics: Required:
a.Calculate the predetermined overhead rate for the year.
b.Calculate the amount of overhead applied to Job P512.
c.Calculate the total job cost for Job P512.
d.Calculate the unit product cost for Job P512.

Question

Ryans Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours.The company based its predetermined overhead rate for the current year on the following data:  Recently Job P512 was completed with the following characteristics:  Required:
a.Calculate the predetermined overhead rate for the year.
b.Calculate the amount of overhead applied to Job P512.
c.Calculate the total job cost for Job P512.
d.Calculate the unit product cost for Job P512.

Quizplus · Accepted Answer

The Answer of Ryans Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours.The company based its predetermined overhead rate for the current year on the following data:  Recently Job P512 was completed with the following characteristics:  Required:
a.Calculate the predetermined overhead rate for the year.
b.Calculate the amount of overhead applied to Job P512.
c.Calculate the total job cost for Job P512.
d.Calculate the unit product cost for Job P512.

Ryans Corporation Uses a Job-Order Costing System with a Single