Welcome to the article Newhard Company assigns overhead cost to jobs based on 115 of the direct labor cost The job cost sheet for Job 313 includes 14 105. 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 Accounting for Job 313 is $36,250. The unit product cost for Job 313 is approximately $29.
To calculate the total manufacturing cost assigned to Job 313, we need to add the direct materials cost, direct labor cost, and the overhead cost. The overhead cost is assigned based on 115% of the direct labor cost. Thus, the overhead cost is calculated as $10,300 * 1.15 = $11,845.
The total manufacturing cost is therefore $14,105 (direct materials) + $10,300 (direct labor) + $11,845 (overhead) = $36,250.
To find the unit product cost for Job 313, divide the total manufacturing cost by the total number of units produced. Hence, $36,250 / 1,250 units = approximately $29 per unit.
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Rewritten by : Brahmana