Question

Mickley Company's plantwide predetermined overhead rate is $21.00 per direct labor-hour and its direct labor wage rate is $15.00 per hour. The following information pertains to Job A-500: Direct materials Direct labor $290 $150 Required: 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 50 units, what is the unit product cost for this job? (Round your answer to 2 decimal places.) 1. Total manufacturing cost 2. Unit product cost per unit

Answer 1

Solution 1) Direct material Direct labor overhead applied-21*10** Total manufacturing cost 290 150 210 650 2) Total manufacturing cost / units produced unit product cost 650 50 13.00 Per unit *direct labor hour used-direct labor cost/wage rate per hour 10 150/15