Welcome to the article Newhard Company assigns overhead cost to jobs on the basis of 112 of direct labor cost The job cost sheet for Job 313 includes 18. 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 :
Newhard Company assigns overhead costs to jobs on the basis of 112% of direct labour costs. The job cost sheet for Job 313 includes $18,530 in direct materials cost and $11,000 in direct labor cost. A total of 1,550 units were produced in Job 313.
To answer the following questions, we need to find out the total manufacturing cost assigned to Job 313 and the unit product cost for Job 313.
What is the total manufacturing cost assigned to Job 313? Total manufacturing cost = Direct materials cost + Direct labour cost + Overhead costDirect materials cost = $18,530Direct labour.
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Rewritten by : Brahmana