Newhard Company assigns overhead cost to jobs on the basis o

Newhard Company assigns overhead cost to jobs on the basis of 118% of direct labor cost. The job cost sheet for Job 313 includes $27,292 in direct materials cost and $10,600 in direct labor cost. A total of 1,800 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?

Solution

Dear Student Thank you for using Chegg Please find below the answer and please give thumbs up   Statementshowing Computations Paticulars Amount Direct Materials Cost                27,292.00 Direct Labour cost                10,600.00 Overhead cost = 10600*1.18                12,508.00 total manufacturing cost                50,400.00 No of units                  1,800.00 unit product cost for Job 313 = 50400/1800                        28.00