Newhard Company assigns overhead cost to jobs on the basis o

Newhard Company assigns overhead cost to jobs on the basis of 112% of direct labor cost. The job cost sheet for Job 313 includes $23,304 in direct materials cost and $10,800 in direct labor cost. A total of 1,400 units were produced in Job 313 Required a. What is the total manufacturing cost assigned to Job 313? b. What is the unit product cost for Job 313? Total manufacturing cost b. Unit product cost

Solution

direct material

23304

direct labor

10800

overhead cost -112% of direct labor

12096

total manufacturing cost

46200

unit product cost = manufacturing cost/no of units produced

46200/1400

33

direct material	23304
direct labor	10800
overhead cost -112% of direct labor	12096
total manufacturing cost	46200
unit product cost = manufacturing cost/no of units produced	46200/1400	33