Welcome to the article Newhard Company assigns overhead cost to jobs on the basis of 114 of direct labor cost The job cost sheet for Job 313 includes 22. 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 :
Final answer:
The total manufacturing cost assigned to Job 313 is $11,856. The unit product cost for Job 313 is $8.17.
Explanation:
a. The total manufacturing cost assigned to Job 313 can be calculated by multiplying the direct labor cost by 114%:
Manufacturing cost = Direct labor cost x 114%
Manufacturing cost = $10,400 x 114% = $11,856
Therefore, the total manufacturing cost assigned to Job 313 is $11,856.
b. The unit product cost for Job 313 can be found by dividing the total manufacturing cost by the number of units produced:
Unit product cost = Total manufacturing cost / Number of units produced
Unit product cost = $11,856 / 1,450 = $8.17 (rounded to two decimal places)
Therefore, the unit product cost for Job 313 is $8.17.
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Rewritten by : Brahmana