Question

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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 $14.00 per direct labor-hour and its direct labor wage rate is $17.00 per hour. The following information pertains to Job A-500: Direct materials $231 Direct labor $153 Required: 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 40 units, what is the unit product cost for this job?

Answer 1

Statement showing Computations
Particulars	Amount
Direct Materials	231.00
Add Direct Labour	153.00
Add Manufacturing Overhead =153/17 *14	126.00
Manufacturing cost assigned to Job A-500	510.00
b)
Manufacturing cost assigned to Job A-500	510.00
No of units	40.00
Unit product cost = 510/40	12.75