A company assigns overhead cost to completed jobs on the basis of
Ask Expert

Be Prepared For The Toughest Questions

Practice Problems

A company assigns overhead cost to completed jobs on the basis of

A company assigns overhead cost to completed jobs on the basis of 116% of direct labor cost. The job cost sheet for Job 413 shows that $15,236 in direct materials has been used on the job and that $10,400 in direct labor cost has been incurred. A total of 1,450 units were produced in Job 413.

Required:

a. W hat is the total manufacturing cost assigned to Job 413? (Omit the "$" sign in your response.)

Total manufacturing cost $

b. W hat is the unit product cost for Job 413? (Omit the "$" sign in your response.)

Unit product cost $

Hint
ManagementTotal manufacturing cost of a product is the total expenses from all the resources used in the whole process of manufacturing or creating finished products. Total manufacturing cost comprises of all expenses of direct labour, raw materials and all the overheads....

Know the process

Students succeed in their courses by connecting and communicating with
an expert until they receive help on their questions

1
img

Submit Question

Post project within your desired price and deadline.

2
img

Tutor Is Assigned

A quality expert with the ability to solve your project will be assigned.

3
img

Receive Help

Check order history for updates. An email as a notification will be sent.

img
Unable to find what you’re looking for?

Consult our trusted tutors.

Developed by Versioning Solutions.