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Mickley Company’s plantwide predetermined overhead rate is $14.00 per direct labor-hour and its direct labor wage rate is $17.00 per hour. The following information pertains to Job A-500: Direct materials $ 231 Direct labor $ 153 Required: 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 40 units, what is the unit product cost for this job? (Round your answer to 2 decimal places.)

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facundobuzzetti

Answer:

1) the total manufacturing cost is=$510

2) cost per unit=$12,75unit

Explanation:

The following information pertains to Job A-500:

Direct materials $ 231

Direct labor $ 153

We need to calculate the amount of overhead for Job a-500.

We know that the overhead is determined by labor hours. The hour price is $17.

The number of hours: $153/17=9hours

Overhead= 9hours*$14=$126

1) the total manufacturing cost is=231+153+126=$510

2) cost per unit= $510/40units=$12,75unit

ayokenny2001

1. What is the total manufacturing cost assigned to Job A-500?

First, calculate the number of hours.

                    = Direct labor/Wage rate

                    = $153/$17

                    = 9hours

Also,

Overhead

                 = Number of hours * Predetermined overhead rate

                 = 9hours * $14

                 = $126

Hence;

Total manufacturing cost

               = Direct materials + Direct labor + Overhead

               = 231 +153 + 126

               =$510

2. If Job A-500 consists of 40 units, what is the unit product cost for this job.

Cost per unit = $510/40 units

                      = $12.75units