Question

Job 243 was recently completed. The following data have been recorded on its job cost sheet:...

Job 243 was recently completed. The following data have been recorded on its job cost sheet:

Direct materials $ 49,370
Direct labor-hours 410 labor-hours
Direct labor wage rate $ 12 per labor-hour
Machine-hours 491 machine-hours
Number of units completed 2,800 units

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. (Round your answer to 2 decimal places.)

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Answer #1

Calculation of Unit Product Cost for Job 243

Particulars Amount
Direct Materials Cost 49,370
Direct Labour Cost 4,920
Manufacturing Overhead Applied 5,892
Total Job Cost 60,182
÷ Number of Units Produced 2,800
Unit Product Cost 21.49

Notes

Total Job Costs = Direct Materials Cost + Direct Labour Cost + Manufacturing Overhead Applied

Direct Labour Cost = 410 Labour Hours * $ 12 per Labour Hour

Direct Labour Cost = $ 4,920

Manufacturing Overhead Applied = 491 Machine Hours * $ 12 Per Machine Hour

Manufacturing Overhead Applied = $ 5,892

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