Welcome to the article Newhard Company assigns overhead cost to jobs based on 119 of direct labor cost The job cost sheet for Job 313 includes 21 862 in. 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 $154,660, and the unit product cost for Job 313 is $91.03 per unit.
Explanation:
To calculate the total manufacturing cost assigned to Job 313, we need to determine the overhead cost. Since the overhead cost is based on 1199% of the direct labor cost, we can calculate it by multiplying the direct labor cost by 11.99. In this case, the overhead cost is $10,200 x 11.99 = $122,598.
To find the total manufacturing cost assigned to Job 313, we add the direct materials cost, direct labor cost, and overhead cost. Therefore, the total manufacturing cost for Job 313 is $21,862 + $10,200 + $122,598 = $154,660.
The unit product cost for Job 313 is determined by dividing the total manufacturing cost by the number of units produced. In this case, the unit product cost for Job 313 is $154,660 / 1,700 = $91.03 per unit.
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Rewritten by : Brahmana