Question

Chapter 2 Homework a Seved Help Save & Exit Submit Check my work 4 Exercise 2-5 (Algo) Computing Total Job Costs and Unit Product Costs Using Multiple Predetermined Overhead Rates (LO2-4) 7.22 points Braverman Company has two manufacturing departments—Finishing and Fabrication. The predetermined overhead rates Finishing and Fabrication are $22.00 per direct labor-hour and 120% of direct materials cost, respectively. The company's direct labor wage rate is $28.00 per hour. The following information pertains to Job 700: X 02:38:29 Skipped Direct materials Direct labor Finishing $ 470 $196 Fabrication $ 95 $ 84 eBook Required: 1. What is the total manufacturing cost assigned to Job 700? 2. If Job 700 consists of 30 units, what is the unit product cost for this job? (Round your answer to 2 decimal places.) Print References 1. Total manufacturing cost 2. Unit product cost per unit Mc Graw Hill Education < Prey 4 of 9 Next >

Answer 1

Requirement 1: $1,113

Calculations:

	Finishing	Fabrication	Total
Direct material	$ 470	$ 95	$ 565
Direct labor	$ 196	$ 84	$ 280
Overhead
[7 direct labor hours x $22]	$ 154
[$95 direct materials x 120%]		$ 114	$ 268
Total manufacturing Cost			$ 1,113

Direct labor hours for finishing = $196/$28.00 = 7 hours

Requirement 2: $37.10 per unit

Calculations:

Unit product cost = Total manufacturing cost ÷ No. of units

= $1,113 ÷ 30 units

= $37.10