Mickley Company’s plantwide predetermined overhead rate is $22.00 per direct labor-hour and its direct labor wage rate is $12.00 per hour. The following information pertains to Job A-500:
Direct Materials | $280 |
Direct Labor | $240 |
Required:
1. What is the total manufacturing cost assigned to Job A-500?
2. If Job A-500 consists of 70 units, what is the unit product cost for this job? (Round your answer to 2 decimal places.)
1. Manufacturing cost assigned to job A
= predetermined overhead rate * labor hours
= $22 * 20 labor hours ($240 / $12 per labor hour)
= $440
2. Unit product cost
Direct Material $280
Direct Lbor $240
Manufacturing aoverhead $440
Total product cost $960
Divided by units 70 units
Unit product Cost $13.71
Mickley Company’s plantwide predetermined overhead rate is $22.00 per direct labor-hour and its direct labor wage...
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Mickley Company’s plantwide predetermined overhead rate is $23.00 per direct labor-hour and its direct labor wage rate is $12.00 per hour. The following information pertains to Job A-500: Direct materials $ 220 Direct labor $ 60 Required: 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 90 units, what is the unit product cost for this job?
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Mickley Company's plantwide predetermined overhead rate is $22.00 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 Direct labor $ 210 $ 130 Required: 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 70 units, what is the unit product cost for this job? (Round your answer to 2 decimal places.) 1. Total manufacturing cost 2. Unit product cost...
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