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-------------- $45,000 Direct Labor Hours----------- 630 labor hours Direct Labor Hours Wage--- $13.00 per labor hour Machine hours---------------- 390 machine hours Number of units completed 3,000 The company applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $12 per machine-hour. Required: Compute the unit product cost that would appear on the job cost sheet for this job.

Explanation / Answer

solution: direct material = 45000/3000 15.00 direct labor = (630*13/3000)    2.73 manufacturing overhead = (390*12/3000)    1.56 unit product cost 19.29

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