6. Haddows, Inc. completed Job GH6 last month. The cost details of GH6 are shown

Question

6.         Haddows, Inc. completed Job GH6 last month. The cost details of GH6 are shown below.

Direct labor cost

$2200

Direct materials cost

$81

Direct labor hours

7 hours

Predetermined overhead allocation rate per direct labor hour

$70

Number of units of finished product

34

Calculate the cost per unit of the finished product of Job GH6.

Direct labor cost

$2200

Direct materials cost

$81

Direct labor hours

7 hours

Predetermined overhead allocation rate per direct labor hour

$70

Number of units of finished product

34

Explanation / Answer

Cost per unit of finished product of Job GH6 = [$2,200 + $81 + (7 * $70)] / 34

Cost per unit of finished product of Job GH6 = $81.50

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