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Welcome to the article A company assigns overhead costs to completed jobs based on 113 of direct labor costs The job cost sheet for Job 313 shows that 27. On this page, you will learn the essential and logical steps to better understand the topic being discussed. We hope the information provided helps you gain valuable insights and is easy to follow. Let’s begin the discussion!

A company assigns overhead costs to completed jobs based on 113% of direct labor costs. The job cost sheet for Job 313 shows that $27,235 in direct materials has been used, and $10,500 in direct labor costs have been incurred. A total of 1,600 units were produced in Job 313.

Required:
a. What is the total manufacturing cost assigned to Job 313?
b. What is the unit product cost for Job 313?

Answer :

A) total manufacturing cost
10,500×(113÷100)=11,865

B) total manufacturing cost
27,235+10,500+11,865=49,600
the unit product cost for job 313
49,600÷1,600=31

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Rewritten by : Brahmana