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arunasingh5 arunasingh5
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Flat Water Boating Company produces standup paddleboards. The company uses a job order costing system. During the period, the company incurred the following costs to complete job #322: direct materials, $52,000 and direct labor, $37,000. The company also incurred $14,000 of administrative costs and $8,000 of selling costs to complete this job. Job #322 required 1,600 machine hours. Factory overhead was applied to the job at a rate of $25 per machine hour. If job #322 resulted in 150 paddleboards, what was the Cost of Goods Sold per paddleboard?
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Managerial Accounting

Managerial Accounting


Edition: 4th
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Cow5215Cow5215
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More solutions for this book are available here
Direct materials$  52,000
Direct labor37,000
Manufacturing overhead ($25 × 1,600)    40,000
Total$129,000
Per unit - $129,000 ÷ 150 = $860 per unit
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