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:

Lost Job

The experience of being terminated or laid off from one's employment, which can have significant financial and emotional impacts.

Work-retraining Program

Programs designed to teach individuals new skills or update their existing skills to enhance their employability in the current job market.

Type A Personality

A temperament characterized by competitiveness, high ambition, aggressiveness, impatience, and a fast pace of life.

Coping

Methods or strategies used by individuals to deal with stress, manage emotions, and navigate difficult situations.