Newhard Company assigns overhead cost to jobs on the basis of 113% of direct labor cost. The job cost sheet for Job 313

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Newhard Company assigns overhead cost to jobs on the basis of 113% of direct labor cost. The job cost sheet for Job 313

Post by answerhappygod »

Newhard Company assigns overhead cost to jobs on the basis of
113% of direct labor cost. The job cost sheet for Job 313 includes
$29,796 in direct materials cost and $10,800 in direct labor
cost. A total of 1,600 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?
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply