Question

Exercise 2-3 Computing Total Job Costs and Unit Product Costs Using a Plantwide Predetermined Overhead Rate (LO2-3] Mickley Company's plantwide predetermined overhead rate is $19.00 per direct labor-hour and its direct labor wage rate is $10.00 per hour. The following information pertains to Job A-500: Direct materials Direct labor $ 260 $ 100 Required: 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 70 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 er unit

Answer 1

The answer has been presented in the supporting sheet. all the parts has been solved with detailed explanation and format. For detailed answer refer to the supporting sheet.

C D Answer Part 1) Total manufacturing cost = direct material + direct labour + manufacturing overheads = 260+100+(100/10) *19) = $ 550 Part 2) Unit Product cost per unit = total manufacturing cost / no. of units != 550/70 = $ 7.86 Thus the final answer is 1 Total Manufacturing Cost 2 Unit Product Cost 550 7.86 Per Unit For any help please comment in the comment box Thank You