Welcome to the article Newhard Company assigns overhead cost to jobs based on 117 of direct labor cost The job cost sheet for Job 313 includes 23 766 in. 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 :
Answer: a. The total manufacturing cost assigned to Job 313 is $45,900 .b. The unit product cost for Job 313 is $34 per unit.
a. What is the total manufacturing cost assigned to Job 313?Manufacturing costs include direct materials, direct labor, and manufacturing overhead.
The total manufacturing cost assigned to Job 313 can be calculated as follows: Direct Materials Cost
= $23,766
Direct Labor Cost = $10,200
Manufacturing Overhead Cost = 117% of Direct Labor Cost
= 117% × $10,200
= $11,934
Total Manufacturing Cost
= Direct Materials Cost + Direct Labor Cost + Manufacturing Overhead
Cost
= $23,766 + $10,200 + $11,934
= $45,900
Therefore, the total manufacturing cost assigned to Job 313 is $45,900.b. What is the unit product cost for Job 313?
The unit product cost is the total manufacturing cost divided by the number of units produced. The unit product cost for Job 313 can be calculated as follows:
Total Manufacturing Cost = $45,900Number of Units Produced = 1,350Unit Product Cost
= Total Manufacturing Cost ÷ Number of Units Produced
= $45,900 ÷ 1,350
= $34 per unit
Therefore, the unit product cost for Job 313 is $34 per unit .
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Rewritten by : Brahmana