Newhard Company assigns overhead cost to jobs on the basis of
115% of direct labor cost. The job cost sheet for Job 313 includes
$20,410 in direct materials cost and $10,600 in direct labor cost.
A total of 1,600 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?
Solution
a Total manufacturing cost assigned =$43,200
b Cost per unit =$27
Working
Direct material | $ 20,410.00 |
Direct labor | $ 10,600.00 |
Overhead applied (10600 x 115%) | $ 12,190.00 |
Total manufacturing cost | $ 43,200.00 |
Units in job 313 | 1600 |
Unit product cost (43200/1600) | $ 27.00 |
Newhard Company assigns overhead cost to jobs on the basis of 115% of direct labor cost....
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