Job 434 was recently completed. The following data have been recorded on its job

Question

Job 434 was recently completed. The following data have been recorded on its job cost sheet:       Direct materials $ 47,000   Direct labor-hours 630 labor-hours   Direct labor wage rate $ 13 per labor-hour   Machine-hours 370 machine-hours   Number of units completed 3,500 units    The company applies manufacturing overhead on the basis of machine-hours. The predetermined
overhead rate is $11 per machine-hour.     Required: Compute the unit product cost that would appear on the job cost sheet for this job. (Round your answer to 2 decimal places. Omit the "$" sign in your response.)      Unit product cost $   

Job 434 was recently completed. The following data have been recorded on its job cost sheet:

Explanation / Answer

Add: Cost of goods manufactured Direct Materials $   45,000.00 Direct Labor (630 hrs*$13 per hr) $     8,190.00 Applied MOH (390 MH * $12.00 per MH) $     4,680.00 Ending finished goods sold $      57,870.00 3000 Units produced ($57,870/3000) $              19.29

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