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Welcome to the article Newhard Company assigns overhead cost to jobs on the basis of 117 of direct labor cost The job cost sheet for Job 313 includes 11. 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!

Newhard Company assigns overhead cost to jobs on the basis of 117% of direct labor cost. The job cost sheet for Job 313 includes $11,664 in direct materials cost and $10,800 in direct labor cost. A total of 1,300 units were produced in Job 313.

Required:

a. What is the total manufacturing cost assigned to Job 313?

b. What is the unit product cost for Job 313?

Answer :

a. The total manufacturing cost assigned to Job 313 is $12,636.
b. The unit product cost for Job 313 is $9.72 per unit.

The total manufacturing cost assigned to Job 313 can be calculated by multiplying the direct labor cost by 117%. In this case, the direct labor cost for Job 313 is $10,800.
To find the total manufacturing cost, we multiply the direct labor cost by 117%:
Total Manufacturing Cost = Direct Labor Cost x 117%

Total Manufacturing Cost = $10,800 x 117%
Total Manufacturing Cost = $12,636
Therefore, the total manufacturing cost assigned to Job 313 is $12,636.

To find the unit product cost for Job 313, we divide the total manufacturing cost by the number of units produced. In this case, 1,300 units were produced in Job 313.
Unit Product Cost = Total Manufacturing Cost / Number of Units Produced
Unit Product Cost = $12,636 / 1,300 units
Unit Product Cost = $9.72 per unit

You can read more about manufacturing at https://brainly.com/question/13440987

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Rewritten by : Brahmana