Fickel Company has two manufacturing departments—Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $27.00 per direct labor-hour and $23.00 per direct labor-hour, respectively. The company’s direct labor wage rate is $29.00 per hour. The following information pertains to Job N-60: Assembly Testing & Packaging Direct materials $ 415 $ 55 Direct labor $ 348 $ 87 Required: 1. What is the total manufacturing cost assigned to Job N-60? (Do not round intermediate calculations.) 2. If Job N-60 consists of 10 units, what is the unit product cost for this job? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Direct labour hours:
Assembly:
= $348 / $29
= 12
Testing & Packing:
= $87 / $29
= 3
1.
Total manufacturing costs:
= $415 + $55 + $348 + $87 + ($27 X 12) + ($23 X 3)
= $1,298
2.
Unit product cost:
= $1,298 / 10
= $129.80
Fickel Company has two manufacturing departments—Assembly and Testing & Packaging. The predetermined overhead rates in Assembly...
Fickel Company has two manufacturing departments--Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $27.00 per direct labor-hour and $23.00 per direct labor-hour, respectively. The company's direct labor wage rate is $29.00 per hour. The following information pertains to Job N-60: Direct materials Direct labor Assembly $415 $348 Testing Packaging $55 $87 Required: 1. What is the total manufacturing cost assigned to Job N-60? (Do not round intermediate calculations.) 2. If Job N-60...
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