Job 397 was recently completed. The following data have been recorded on its job

Question

Job 397 was recently completed. The following data have been recorded on its job cost sheet: 45,000 Direct materials Direct labor-hours Direct labor wage rate Number of units completed 640 DLHs $ 12 per DLH 3,000 units The company applies manufacturing overhead on the basis of direct labor-hours. The predetermined overhead rate is $12 per direct labor-hour. Required Compute the unit product cost that would appear on the job cost sheet for this job. (Round your answer to 2 decimal places.) Unit product cost

Explanation / Answer

Total product cost = Direct Material + Direct Labor + Manufacturing Overhead

= $45,000 + (640 * $12) + (640 * $12)

= $60,360

Unit product cost = $60,360 / 3,000 units = $20.12

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