PART 1- JOB COSTING Tater Corporation uses a job-order costing system. The following data are for last year: Estimated d
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PART 1- JOB COSTING Tater Corporation uses a job-order costing system. The following data are for last year: Estimated d
PART 1- JOB COSTING Tater Corporation uses a job-order costing system. The following data are for last year: Estimated direct labor hours 12,000 Estimated manufacturing overhead costs $36,000 Actual direct labor hours 11,000 Actual manufacturing overhead costs $35,000 Tater applies overhead using a predetermined rate based on direct labor hours. During the year Tater worked on several jobs, including job 104. Job 104 was completed at a cost of $30,000 of direct labor (based on 2,000 direct labor hours) and $26,000 of direct materials. I 1.What was the predetermined overhead rate used last year? 3 2. How much overhead was assigned to Job 104? 3. What is the total cost of Job 104? 4.lf Job 104 contained 2,000 units, the unit product cost on the completed job cost sheet would be: