Welcome to the article Applying Overhead Cost Computing Unit Product Cost Newhard Company assigns overhead cost to jobs on the basis of 120 of direct labor cost The job. 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 :
The manufacturing cost = $22,660 + $10,700 + $12,840 = $46,200 and the unit product cost for Job 313 is $33.
To determine the total manufacturing cost assigned to Job 313, we need to calculate the overhead cost first. The overhead cost is 120% of the direct labor cost, which is $10,700. Thus, the overhead cost is $10,700 * 120% = $12,840.
The total manufacturing cost assigned to Job 313 is the sum of the direct materials cost, direct labor cost, and the overhead cost.
Total manufacturing cost = $22,660 + $10,700 + $12,840 = $46,200.
Therefore, the total manufacturing cost assigned to Job 313 is $46,200.
The unit product cost for Job 313 can be calculated by dividing the total manufacturing cost by the number of units produced.
Unit product cost = Total manufacturing cost / Number of units produced
Unit product cost = $46,200 / 1,400 units = $33 per unit.
Hence, the unit product cost for Job 313 is $33.
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