Welcome to the article Applying Overhead Cost Computing Unit Product Cost Newhard Company assigns overhead cost to jobs on the basis of 114 of direct labor cost The job. 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 :
The Total Manufacturing cost is $46,500 and the unit production cost is $31.
a. To calculate the total manufacturing cost assigned to Job 313, we need to determine the overhead cost based on the direct labor cost and then add it to the direct materials and direct labor costs.
Overhead cost = 114% of direct labor cost
= 114% * $10,800
= $12,312
Total manufacturing cost
= Direct materials cost + Direct labor cost + Overhead cost
= $23,388 + $10,800 + $12,312
= $46,500
Therefore, the total manufacturing cost assigned to Job 313 is $46,500.
b. To calculate the unit product cost for Job 313, we divide the total manufacturing cost by the number of units produced.
Unit product cost = Total manufacturing cost / Number of units produced = $46,500 / 1,500
= $31
Therefore, the unit product cost for Job 313 is $31.
Learn more about Total Manufacturing Cost :- https://brainly.com/question/17268819
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Rewritten by : Brahmana