Question

Job 412 was one of the many jobs started and completed during the year. The job...

Job 412 was one of the many jobs started and completed during the year. The job required $9,400 in direct materials and 30 hours of direct labor time at a total direct labor cost of $10,300. If the job contained five units and the company billed at 75% above the unit product cost on the job cost sheet, what price per unit would have been charged to the customer?

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Answer #1

Total cost of JOb 412:

Direct material:                  $9400

Direct labour:                     $10300

Overheads:                       $ 0

Total cost:                          $ 19,700

Add: mark-up (75% of cost: $ 14,775

Total Sales price of Job 412: $ 34,475

Number of units:                 5 units

Selling price per unit:          $ 6,895

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