Welcome to the article Newhard Company assigns overhead cost to jobs on the basis of 118 of direct labor cost The job cost sheet for Job 313 includes 26. 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 $49,600. B) the unit product cost for Job 313 is $31.
a) Total manufacturing costThe total manufacturing cost assigned to Job 313 can be calculated using the following formula:
Total manufacturing cost = Direct materials cost + Direct labor cost + Overhead costDirect labor cost = $10,400
Overhead cost = 118% of direct labor cost = 118/100 * $10,400 = $12,272Direct materials cost = $26,928Total manufacturing cost = $26,928 + $10,400 + $12,272= $49,600
Therefore, the total manufacturing cost assigned to Job 313 is $49,600.
b) Unit product costThe unit product cost for Job 313 can be calculated using the following formula:
Unit product cost = Total manufacturing cost / Number of units producedNumber of units produced = 1,600Total manufacturing cost = $49,600Unit product cost = $49,600 / 1,600= $31
Therefore, the unit product cost for Job 313 is $31.
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Rewritten by : Brahmana