Question

Job 231 was recently completed. The following data have been recorded on its job cost sheet: Direct materials Direct labor-hours Direct labor wage rate Machine-hours Number of units completed $ 46,000 630 labor-hours $ 14 per labor-hour 340 machine-hours 2,500 units The company applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $10 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.) Unit product cost

Answer 1

Unit Product cost = $23.29.

$8,820 alculation of total cost of Job 231 : Particulars Amount $ 46,000 Direct material Direct labor (labor hours x wage rate) 6630 x (FIV)] $3400 manufacturing Overhead (machine hours x OH rate) [ 340 hasx & 10] Total cost of the Job (of) Number of units completed (a) = 2,500 units. .. Unit Product cost = (a/b) Total cost of the job 231 nou of units completed =) $ 58,220 - $23.29) con 23.288 Job Car $58,220 st of the

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