Question

Newhard Company assigns overhead cost to jobs on the basis of 117% of direct labor cost. The job cost sheet for Job 313 includes $27,383 in direct materials cost and $10,100 in direct labor cost. A total of 1.450 units were produced in Job 313 Required: a. What is the total manufacturing cost assigned to Job 313? b. What is the unit product cost for Job 313? a Total manufacturing cost b. Unit product cost

Answer 1

a.

Direct materials = $27,383

Direct labor = $10,100

Overhead rate = 117% of direct labor cost

Manufacturing overhead applied = Direct labor x Overhead rate

= 10,100 x 117%

= $11,817

Job Cost Sheet ( Job 313)
Direct materials	27,383
Direct labor	10,100
Manufacturing overhead applied	11,817
Total Manufacturing Cost	$49,300

b.

Unit product cost = Total manufacturing cost / Number of units

= 49,300/1,450

= $34

a.	Total manufacturing cost	$49,300
b.	Unit product cost	$34

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