Welcome to the article Newhard Company assigns overhead cost to jobs based on 110 of the direct labor cost The job cost sheet for Job 313 includes Direct materials. 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!
Answer :
Final answer:
To calculate the total manufacturing cost assigned to Job 313, add the direct materials cost, direct labor cost, and overhead cost together. In this case, the total manufacturing cost assigned to Job 313 is $52,500.
Explanation:
To calculate the total manufacturing cost assigned to Job 313, we need to determine the overhead cost and add it to the direct materials and direct labor costs. Since the overhead cost is 110% of the direct labor cost, we can calculate it by multiplying the direct labor cost by 110%. In this case, the overhead cost is $10,700 * 110% = $11,770.
The total manufacturing cost assigned to Job 313 is then the sum of the direct materials cost, direct labor cost, and overhead cost. So, the total manufacturing cost assigned to Job 313 is $30,030 + $10,700 + $11,770 = $52,500.
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Rewritten by : Brahmana