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Job 652 was recently completed. The following data have been recorded on its job cost sheet....

Job 652 was recently completed. The following data have been recorded on its job cost sheet.

Direct materials=$59,900

Direct labor-hours=1,225 DLHs

Direct labor wage rate= $14 per DLH

Number of units completed=3,700

The company applies manufacturing overhead on the basis of direct labor hours. The predetermined overhead rate is $32 per direct labor hour.

Required: Compute the unit product cost that would appear on the job cost sheet for this job. (Round answer to 2 decimal places.)

Unit product cost=????

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Answer #1
Ans. Unit product cost   =    Total product cost / No. of units completed
116250 / 3700
31.42 per unit
Calculation of Total product cost:
Direct materials   59900
Direct labor (1225*14) 17150
Manufacturing overhead   (1225*32) 39200
Total product cost 116250
*Cost of direct labor = Direct labor hours * direct labor wage rate
*Cost of manufacturing overhead = Direct labor hours * predetermined ovehread rate
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