1 pts D Question 3 were incurred on Job 1041 direct material

1 pts D Question 3 were incurred on Job 1041: direct materials $54,800 and direct labor $19,200. Manufacturing overhead was applied at the rate of $25 per machine-hour (MH) and Job 1041 required 320 MHs. If Job 1041 consisted of 5,000 blouses (or units), what is the cost of goods sold per unit? Costanzo Company manufactures a specialty line of silk-screened blouses.The company uses a job-order costing system. During the month, the following costs $50.00 $14.80 $22.00 $1640 e Previous Next Quiz saved at 10:26am Submit Quiz

Solution

Job 1041:

Direct Materials = $54,800
Direct Labor = $19,200

Manufacturing Overhead = Predetermined Overhead Rate * Number of machine-hours
Manufacturing Overhead = $25 * 320
Manufacturing Overhead = $8,000

Cost of Goods Sold = Direct Materials + Direct Labor + Manufacturing Overhead
Cost of Goods Sold = $54,800 + $19,200 + $8,000
Cost of Goods Sold = $82,000

Cost of Goods Sold per unit = Cost of Goods Sold / Number of units produced
Cost of Goods Sold per unit = $82,000 / 5,000
Cost of Goods Sold per unit = $16.40