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Answer :
The total manufacturing cost assigned to Job 313 is $48,050 and the unit product cost for Job 313 is $31.00.
The total manufacturing cost assigned to Job 313 can be calculated by adding the direct materials cost, direct labor cost, and the overhead cost. In this case, the overhead cost is calculated as 115% of the direct labor cost.
First, we need to calculate the overhead cost by multiplying the direct labor cost by 115%. The direct labor cost for Job 313 is $10,900. So, 115% of $10,900 is $12,535.
Next, we add the direct materials cost, direct labor cost, and overhead cost together to find the total manufacturing cost assigned to Job 313. The direct materials cost is $24,615 and the direct labor cost is $10,900. Adding these two costs gives us $35,515. Finally, we add the overhead cost of $12,535 to get the total manufacturing cost of Job 313, which is $48,050.
To calculate the unit product cost for Job 313, we divide the total manufacturing cost by the number of units produced. In this case, 1,550 units were produced. Dividing the total manufacturing cost of $48,050 by 1,550 units gives us a unit product cost of $31.00.
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