Question

In: Accounting

Job 434 was recently completed. The following data have been recorded on its job cost sheet:...

Job 434 was recently completed. The following data have been recorded on its job cost sheet:

Direct materials $ 45,000
Direct labor-hours 630 labor-hours
Direct labor wage rate $ 13 per labor-hour
Machine-hours 390 machine-hours
Number of units completed 3,000 units


The company applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $12 per machine-hour.

Required:

Compute the unit product cost that would appear on the job cost sheet for this job.

Solutions

Expert Solution

  • All working forms part of the answer

A

Direct Materials

$            45,000.00

B = 630 x $ 13

Direct Labor Cost

$              8,190.00

C = 390 x $ 12

Manufacturing Overhead

$              4,680.00

D = A+B+C

Total Cost of the Job

$            57,870.00

E

No. of units

                        3,000

F = D/E

Unit Product Cost

$                    19.29 = Answer

  • Answer: Unit product Cost = $ 19.29

ekkarill92 answered 1 year ago
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