Welcome to the article Newhard Company assigns overhead cost to jobs on the basis of 111 of direct labor cost The job cost sheet for Job 313 includes 28. 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- the unit product cost for Job 313 is $28.
a. Calculation of total manufacturing cost assigned to Job 313 is as follows:
Total direct labor cost = $10,500
Overhead assigned to Job 313 = 111% of $10,500
= $11,655
Total manufacturing cost = Total direct materials cost + Total direct labor cost + Overhead assigned to Job 313
= $28,245 + $10,500 + $11,655
= $50,400
Therefore, the total manufacturing cost assigned to Job 313 is $50,400.
b. Calculation of unit product cost for Job 313 is as follows:
Unit product cost = Total manufacturing cost ÷ Total units produced
= $50,400 ÷ 1,800
= $28
Therefore, the unit product cost for Job 313 is $28.
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Rewritten by : Brahmana