Ask Question
18 December, 08:03

Newhard Company assigns overhead cost to jobs on the basis of 111% of direct labor cost. The job cost sheet for Job 313 includes $27,656 in direct materials cost and $10,400 in direct labor cost. A total of 1,550 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?

+3
Answers (1)
  1. 18 December, 08:28
    0
    a. The total manufacturing cost assigned to Job 313 is $49,600

    b. The unit product cost for Job 313 is $32

    Explanation:

    a. The computation of the total manufacturing cost is shown below:

    = Direct materials cost + direct labor cost + overhead cost

    = $27,656 + $10,400 + 111% of direct labor cost

    = $27,656 + $10,400 + $11,544

    = $49,600

    b. The formula to be used for calculating the unit product cost which is shown below

    = Total manufacturing cost : number of units produced

    = $49,600 : 1,550 units

    = $32
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Newhard Company assigns overhead cost to jobs on the basis of 111% of direct labor cost. The job cost sheet for Job 313 includes $27,656 in ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers