Question

A company assigns overhead cost to completed jobs on the basis of 113% of direct labor cost.the job cost sheet for job 313 shows $27,235 in direct materials has been used on the job and that $10,500 in direct labor cost has been incurred. a total of 1,600 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 1

A) total manufacturing cost
10,500×(113÷100)=11,865

B) total manufacturing cost
27,235+10,500+11,865=49,600
the unit product cost for job 313
49,600÷1,600=31

Hope it helps!