value 16.70 points Acompany assigns overhead cost to completed jobs on the basis

Question

value 16.70 points Acompany assigns overhead cost to completed jobs on the basis of 117% of direct labor cost. The job cost sheet for Job 313 shows that $30,.366 in direct materials has been used on the job and that $10,200 in direct labor cost has been incurred. A total of 1,500 units were produced in Job 313 Required: a. What is the total manufacturing cost assigned to Job 313? otal b. What is the unit product cost for Job 313? References eBook & Resources Worksheet Learning Objective: 03-02 Apply overhead cost to rate. 2 8 4 6

Explanation / Answer

a. Total manufacturing cost = Direct material + Direct labor + Manufacturing overhead = $30,366 + $10,200 + ($10,200 * 117%) = $52,500

b. Unit product cost = $52,500 / 1,500 units = $35

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