Welcome to the article Newhard Company assigns overhead costs to jobs on the basis of 113 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!
Answer :
a) The total manufacturing cost assigned to Job 313 is $39,580.
b) The unit product cost for Job 313 is $32.98.
According to the question, Direct materials cost = $17,448 and Direct labor cost = $10,400
Total overhead cost = 113% of direct labor cost = 113/100 × $10,400 = $11,732
Total number of units produced = 1,200
a) The total manufacturing cost assigned to Job 313
Total manufacturing cost = Direct materials cost + Direct labor cost + Overhead cost= $17,448 + $10,400 + $11,732= $39,580
Therefore, the total manufacturing cost is $39,580.
b) The unit product cost for Job 313
Unit product cost = Total manufacturing cost / Total number of units produced= $39,580 / 1,200= $32.98
Therefore, the unit product cost for Job 313 is $32.98.
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Rewritten by : Brahmana