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Welcome to the article Newhard Company assigns overhead cost to jobs on the basis of 115 of direct labor cost The job cost sheet for Job 313 includes 17. 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!

Newhard Company assigns overhead cost to jobs on the basis of 115% of direct labor cost. The job cost sheet for Job 313 includes $17,435 in direct materials cost and $10,100 in direct labor cost. A total of 1,350 units were produced in Job 313.

Required:

a. What is the total manufacturing cost assigned to Job 313?

Answer :

Answer:

the total manufacturing cost is $39,150

Explanation:

The computation of the total manufacturing cost assigned as follows:

Overhead costs is

= 115% of $10,100

= $11,615

Now the total manufacturing cost is


= Direct materials cost + Direct labor costs + Overhead costs


= $17,435 + $10,100 + $11,615

= $39,150

Hence, the total manufacturing cost is $39,150

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Rewritten by : Brahmana