Homework chapter 2 Check my 3 Exercise 23 Computing Total Jo

Homework chapter 2 Check my 3 Exercise 23 Computing Total Job Costs and Unit Product Costs Using a Plantwide Predetermined Overhead Rate [LO2-3 Mickley Company\'s plantwide predetermined overheed rate is $22.00 per direct labor-hour and its direct labor wage rate Is $12.00 per hour. The following information pertains to Job A-500 rencesRequired 1 What is the total manufacturing cost assigned to Job A-500 2. If Job A-500 consists of 80 units, what is the unit product cost for this job? (Round your answer to 2 for this job? (Round your answer to 2 decimal places) Prex 3of7 Next >

Solution

CALCULATION OF THE TOTAL MANUFACTURING COST Particulars Amount Direct Materials = $                  210 Direct Labours= $                  180 Overhead ( 15 X $ 22) $                  330 Total Production Cost $                  720 Unit produced in Job A-500 = $                     80 Units Unit Production Cost = Total Production Cost / Unit Produced $                       9 Per Units Answer 1= Total Manufacturing Cost = $                  720 Answer 2= Unit Produced Cost = $                       9 Working Note: 1 CALCULATION OF TOTAL LABOUR HOURS Labour Hours = Total Wages / Wage Rate Labour Hours = $ 180 / $ 12 Labour Hours =   15 for Job A-500