Help 2 Exercise 2-3 Computing Total Job Costs and Unit Product Costs Using a Pla
ID: 2393239 • Letter: H
Question
Help 2 Exercise 2-3 Computing Total Job Costs and Unit Product Costs Using a Plantwide Predetermined Overhead Rate [LO2-3] Mickley Company's plantwide predetermined overhead rate is $22.00 per direct labor-hour and its direct labor wage rate is $14.00 per hour. The following information pertains to Job A-500: Direct materials Direct labor 230 s 70 Hint Required 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 90 units, what is the unit product cost for this job? (Round your answer to 2 decimal places.) 1. Total g cost 2. Unit product cost per unit SONOSExplanation / Answer
Direct Labor cost for Job A-500 - $70
Direct Labor - $14 per labor hour
No. of labor hours for Job A-500 = $70 / $14 = 5 hours.
Manufacturing overhead for Job A-500 = 5 hours x $22 = $110
1. Total Manufacturing Cost:
Total Manufacturing Cost = Direct Materials + Direct Labor + Manufacturing overhead
= $230 + $70 + $110
= $410
Therefore, Total manufacturing cost of Job A-500 is $410
2. Unit product cost for this job:
No. of units = 90
Cost of the Job = $410
Unit Cost = $410 / 90 units = $4.555 per unit.
Cost of the unit is $4.555 per unit for all 90 units in the Job A-500
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.