a | |
Direct labor cost | 250 |
X Overhead rate | 140% |
Estimated overhead for this job | $350 |
b | |
Direct materials | 1200 |
Direct labor cost | 250 |
Estimated overhead | 350 |
Total product cost for this job | $1,800 |
c | |
Total product cost for this job | 1800 |
Divide by Total T-shirts | 200 |
Cost per T-shirt | $9 |
For full credit, properly label your answers. E.g. $20,342; 74 MH; $7.42 1. A manufacturer's job...
A manufacturer’s job cost sheet reports direct materials of $1,200 and direct labor of $250 for printing 200 T-shirts for a bikers’ reunion. Estimated overhead is computed as 140% of direct labor costs. What is the estimated overhead cost for this job? What is the total cost per T-shirt for this job? What journal entry does the manufacturer make upon completion of this job to transfer costs from work in process to finished goods? A manufacturing company estimates it will...