Bell Company produces stainless steel drink tumblers, its only product. These tumblers are stamped with company logos and used as promotional items. Following are simplified job cost sheets for two separate job lots. Job 1 was for 250 units and Job 2 was for 300 units. Job Number Job 1 Materials Labor Overhead Job Number Job 2 Materials $ 775 800 1,200 Labor Overhead $ 900 996 1,494 1-a. Compute total cost per unit for Job 1 and for Job 2 1-b. Which job has a higher total cost per unit? 2-a. Compute direct materials cost per unit for each job. 2-b. Which job has a higher direct materials cost per unit?

Bell Company produces stainless steel drink tumblers, its only product. These tumblers are stamped with company logos and used as promotional items. Following are simplified job cost sheets for two separate job lots. Job 1 was for 250 units and Job 2 was for 300 units. Job Number Job 1 Materials Labor Overhead Job Number Job 2 Materials $ 775 800 1,200 Labor Overhead $ 900 996 1,494 1-a. Compute total cost per unit for Job 1 and for Job 2 1-b. Which job has a higher total cost per unit? 2-a. Compute direct materials cost per unit for each job. 2-b. Which job has a higher direct materials cost per unit?

Name: Bell Company produces stainless steel drink tumblers, its only produc
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Description: Bell Company produces stainless steel drink tumblers, its only product. These tumblers are stamped with company logos and used aspromotional items. Following are simplified job cost sheets for two separate job lots. Job 1 was for 250 units and Job 2

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Bell Company produces stainless steel drink tumblers, its only product. These tumblers are stamped with company logos and used as promotional items. Following are simplified job cost sheets for two separate job lots. Job 1 was for 250 units and Job 2 was for 260 units. Job Number Job 1 Materials. Labor Overhead Job Number Job 2 Materials $ 403 780 936 Labor Overhead $ 425 750 900 1-a. Compute total cost per unit for Job 1 and for Job 2. 1-b. Which job has a higher total cost per unit? 2-a. Compute direct materials cost per unit for each job. 2-b. Which job has a higher direct materials cost per unit? Complete this question by entering your answers in the tabs below. Req 1A Total cost per unit Req 1B Req 2A Compute total cost per unit for Job 1 and for Job 2. (Round your answers to two decimal places.) Req 2B Job 1 Job 2
Bell Company produces stainless steel drink tumblers, its only product. These tumblers are stamped with company logos and used as promotional items. Following are simplified job cost sheets for two separate recently completed job lots. Job 1 was for 250 units and Job 2 was for 300 units. Job Number 1 Materials Labor Overhead Job Number 2 Materials Labor Overhead 250 units $ 875 840 1,260 1-a. Compute total cost per unit for Job 1 and for Job 2. 1-b. Which job has a higher total cost per unit? 2-a. Compute direct materials cost per unit for each job. 2-b. Which job has a higher direct materials cost per unit? Req 1A 300 units $ 1,020 1,044 1,566 Complete this question by entering your answers in the tabs below. Total cost per unit Req 1B Req 2A Req 2B Compute total cost per unit for Job 1 and for Job 2. (Round your answers to two decimal places.) Job 1 Job 2
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