Job 412 was one of the many jobs started and completed during the year. The job required Nkr8,000 in direct materials and 39 hours of direct labor time at a total direct labor cost of Nkr9,200. The job contained only four units. If the company bills at a price 60% above the unit product cost on the job cost sheet, what price per unit would have been charged to the customer?

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

Required information

[The following information applies to the questions displayed below.]

Craft Pro Machining produces machine tools for the construction industry. The following details about overhead costs were taken from its company records.

Production ActivityIndirect Labor Indirect Materials Other OverheadGrinding$350,000         Polishing    $215,000     Product modification 400,000         Providing power        $220,000 System calibration 540,000         

Additional information on the drivers for its production activities follows.

   Grinding15,000machine hoursPolishing15,000machine hoursProduct modification1,900engineering hoursProviding power13,000direct labor hoursSystem calibration1,050batches

 Job 3175Job 4286Number of units220units2,750unitsMachine hours300MH3,000MHEngineering hours29eng. hours24eng. hoursBatches35batches105batchesDirect labor hours420DLH3,780DLH

2, 3 & 4. Compute the activity overhead rates using ABC. Combine the grinding and polishing activities into a single cost pool. Determine overhead costs to assign to the following jobs using ABC. What is the overhead cost per unit for Job 3175? What is the overhead cost per unit for Job 4286? (Round your activity rate and average overhead cost per unit to 2 decimal places. Round “overhead assigned” to the nearest whole dollar.)

Job 3175Job 4286ActivityOverhead CostActivity DriversActivity RateActivity driver incurredOverheadActivity driverOverheadassignedincurredassignedGrinding & PolishingMachine hoursProduct modificationEngineering hrsProviding powerDirect labor hrs .System calibrationbatches

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

6. Job #305 was budgeted to require 3.5 hours of labor at $11.00 per hour. However, it was completed in 3 hours by a person who worked for $14.00 per hour. What is the total labor cost variance for Job #305?

Job #305 was budgeted to require 3.5 hours of labor at $11.00 per hour. However, it wascompleted in 3 hours by a person who worked for $14.00 per hour. What is the total labor costvariance for…

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

Job 218 was one of the many jobs started and completed during the year. The job required $4,000 in direct materials and 400 hours of direct labor time at a rate of $13 per hour. If the job contained 560 units and the company billed at 65% above the unit product cost on the job cost sheet, what price per unit would have been charged to the customer? (Round your answer to 2 decimal places. Omit the “$” sign in your response.)

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

Joe has a ring weighing 20 grams made of an alloy of 19 % silver and the rest gold. He decides to melt down the rings and add enough silver to reduce the gold content to 73 %. How many grams of silver should he add?

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"