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Welcome to the article Newhard Company assigns overhead cost to jobs on the basis of 125 of direct labor cost The job cost sheet for Job 313 includes 10. 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 125% of direct labor cost. The job cost sheet for Job 313 includes $10,000 in direct materials cost and $12,000 in direct labor cost. A total of 1,000 units were produced in Job 313.

Answer :

Answer:

The overhead cost assigned to Job 313 can be calculated by multiplying the direct labor cost by 125%:

Overhead cost = $12,000 * 125% = $12,000 * 1.25 = $15,000

The total cost of Job 313 can be calculated by adding the direct materials cost, direct labor cost, and overhead cost:

Total cost = $10,000 + $12,000 + $15,000 = $37,000

The cost per unit can be calculated by dividing the total cost by the number of units produced:

Cost per unit = $37,000 / 1,000 units = $37 per unit

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Rewritten by : Brahmana