Question

Job 243 was recently completed. The following data have been recorded on its job cost sheet $57,870 Direct materials Direct labor-hours Direct labor wage rate Machine-hours Number of units completed 495 labor-hours 11 per labor-hour 576 machine-hours 4,500 units The company applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $13 per machine- hour Required Compute the unit product cost that would appear on the job cost sheet for this job. (Round your answer to 2 decimal places.)

Answer 1

1) Solution: $15.73

Working:

Cost Summary
Direct materials	57,870.00
Direct labor (495 * $11)	5,445.00
Manufacturing overhead (576*$13)	7,488.00
Total cost	70,803.00
Unit product cost (70,803 / 4,500)	15.73

2) Solution: $6,644

Working:

Cost Summary
Direct materials	2,430
Direct labor (70 * $20)	1400
Manufacturing overhead (134*$21)	2814
Total cost	6,644