(Solved by Humans)-ZZ Tire Company has gotten an order for its manufacturing business segment of 25,000 tires. Using jo
Question
ZZ Tire Company has gotten an order for its manufacturing business segment of 25,000 tires. Using job order costing, figure out the total unit cost of manufacturing a tire and the total order. Rubber in one tire: 8 pounds of rubber Cost per pound of rubber: $1.50 Steel used in tire: 2 pounds of steel Cost per pound of steel: $2.50 Payroll cost per hour: $15 per hour Amount of time processing rubber: 5 minutes per pound of rubber Amount of time molding and making tire: 20 minutes per tire What is the product cost of producing one tire and the entire order?
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