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 :
Overhead cost = 111% of Direct labor cost= 111% * $10,600= $11,766Total manufacturing cost assigned to Job 313 = Direct materials cost + Direct labor cost + Overhead cost= $28,834 + $10,600 + $11,766= $51,200b. Calculation of unit product cost for Job 313:
Unit product cost for Job 313 = Total manufacturing cost assigned to Job 313 / Number of units produced in Job 313= $51,200 / 1,600 units= $32 per unit . Therefore, the total manufacturing cost assigned to Job 313 is $51,200 and the unit product cost for Job 313 is $32 per unit.
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Rewritten by : Brahmana