Assume (1) a company’s plantwide predetermined overhead rate is $13.00 per direct labor-hour, and (2) its job cost sheet for Job X shows that this job used 18 direct labor-hours and incurred direct materials and direct labor charges of $500 and $360, respectively. If Job X contains 46 units, then its unit product cost is closest to:
$23.78.
$19.44.
$20.18.
$15.96.
Total applied overhead=Predetermined overhead rate*Actual direct labor hours
=18*13=$234
Add:Direct materials=$500
Add:Direct labor=$360
Total cost =$1094
Hence unit product cost=Total cost/units of job
=1094/46
=$23.78(Approx)
Assume (1) a company’s plantwide predetermined overhead rate is $13.00 per direct labor-hour, and (2) its...
Mickley Company’s plantwide predetermined overhead rate is $24.00 per direct labor-hour and its direct labor wage rate is $13.00 per hour. The following information pertains to Job A-500: Direct materials $ 240 Direct labor $ 130 Required: 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 80 units, what is the unit product cost for this job?
Mickley Company’s plantwide predetermined overhead rate is $23.00 per direct labor-hour and its direct labor wage rate is $13.00 per hour. The following information pertains to Job A-500: Direct materials $ 240 Direct labor $ 195 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 cost2.Unit product costper unit? 2.Unit product...
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