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

question 259

Essay

Cardosa 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 70,000 machine-hours, total fixed manufacturing overhead cost of $308,000, and a variable manufacturing overhead rate of $2.10 per machine-hour.Job M556, which was for 50 units of a custom product, was recently completed.The job cost sheet for the job contained the following data: Required:
a.Calculate the total job cost for Job M556.
b.Calculate the unit product cost for Job M556.

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Definitions:

Organization's Culture

The collective values, beliefs, and behaviors that shape how work gets done within an organization.

Customer-Driven

A business strategy that focuses on creating products and services based on the preferences and feedback of customers to meet their needs effectively.

Empowering Employees

The process of giving workers more autonomy, authority, and control over their work to increase engagement and productivity.

TQM

Total Quality Management, a systematic approach focused on continuous improvement of processes, products, and services to achieve a higher level of customer satisfaction.