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Homework Answers
Exercise 2-3
Direct labor hours= Total direct labor cost/Direct labor wage rate
= $320/16= 20 hours
Manufacturing overhead applied= 20 hours*$23= $460
1) Calculation of Total manufacturing costs
| Direct materials | $260 |
| Direct labor | 320 |
| Manufacturing overhead applied | 460 |
| Total manufacturing costs | $1040 |
2) Unit product cost= Total manufacturing cost/Number of units
= $1040/80= $13 per unit
Exercise 2-14
1) Estimated total overhead cost= $(0.19*8390000+5034000)= $6628100
Predetermined overhead rate= Estimated total overhead cost/Estimated direct labor cost
= $6628100/8390000
= $0.79 per DL$
2)
| Direct materials | $1446000 |
| Direct labor | 2517000 |
| Overhead applied (2517000*0.79) | 1988430 |
| Total job cost | $5951430 |
Add Answer to:
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