Exercise 171a-b A job cost sheet of Fugate Company is given below. Job Cost Shee
ID: 2411281 • Letter: E
Question
Exercise 171a-b A job cost sheet of Fugate Company is given below. Job Cost Sheet OB NO. 172 FOR James Company Date S/10 Quantity 1,500 Date Completed 5/31 Manufacturing Direct Direct Materials Labor 1,330 1,120 12 SS0 480 15 925 720 24 27 31 1,000 1,870 670 1,005 Cost of completed job: Direct materials Direct labor Manufacturing Overhead Total cost Unit cost Answer the following questions (a1) Your answer is correct. What is the predetermined manufocturing overhead rote? Predetermined overhead rate Attempts: 1 of 5 used (a2) What are the total cost and the unit cost of the completed job? (Round unit cost answer to 2 decimal places, e.g. 52.75.) Total cost $ Unit costExplanation / Answer
Answer (a2)
Total Direct Materials = ($1,330 + $1,120 + $1,000 +$1,870) = $5,320
Total Direct labor = ($550+$480+$670) = $1,700
Total cost = Total Direct Materials + Total Direct labor + (Total Direct labor * predertermined overhead rate)
= $5,320 + $1,700 + ( $1,700 * 150 % ) = $9,570
Unit cost = Total cost / Quantity = $9,570 / 1,500 = $6.38
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