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

question 246

Essay

Obermeyer Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on 10,000 direct labor-hours, total fixed manufacturing overhead cost of $96,000, and a variable manufacturing overhead rate of $3.60 per direct labor-hour. Job A735, which was for 40 units of a custom product, was recently completed. The job cost sheet for the job contained the following data:
Required:
a. Calculate the amount of overhead applied to Job A735.
b. Calculate the total job cost for Job A735.
c. Calculate the unit product cost for Job A735.

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Definitions:

Statement of Values

A declaration made by an organization outlining its core principles and ethical standards, guiding its decisions and behaviors.

Whistle-Blowing

The process of revealing actions or data considered to be unethical, illegal, or improper within a public or private entity.

Unethical Behavior

refers to actions that violate moral principles or professional standards, often resulting in harm to individuals, organizations, or society as a whole.

Significant Damage

Major harm or destruction that adversely affects someone or something's value, function, or condition.