Braverman Company has two manufacturing departments-Finishing and Fabrication. The predetermined overhead rates in Finishing and Fabrication are $23.00 per direct labor-hour and 110% of direct materials cost, respectively. The company's direct labor wage rate is $29.00 per hour. The following information pertains to Job 700 Direct materials Direct labor Required: Finishing $ 475 Fabrication $ 100 $ 232 $ 116 1. What is the total manufacturing cost assigned to Job 700? 2. If Job 700 consists of 5 units, what is its unit product cost? Note: Round your answer to 2 decimal places. 1. Total manufacturing cost $ 1,227 2. Unit product cost per unit
Braverman Company has two manufacturing departments-Finishing and Fabrication. The predetermined overhead rates in Finishing and Fabrication are $23.00 per direct labor-hour and 110% of direct materials cost, respectively. The company's direct labor wage rate is $29.00 per hour. The following information pertains to Job 700 Direct materials Direct labor Required: Finishing $ 475 Fabrication $ 100 $ 232 $ 116 1. What is the total manufacturing cost assigned to Job 700? 2. If Job 700 consists of 5 units, what is its unit product cost? Note: Round your answer to 2 decimal places. 1. Total manufacturing cost $ 1,227 2. Unit product cost per unit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Braverman Company has two manufacturing departments-Finishing and Fabrication. The predetermined overhead rates in Finishing
and Fabrication are $23.00 per direct labor-hour and 110% of direct materials cost, respectively. The company's direct labor wage rate
is $29.00 per hour. The following information pertains to Job 700
Direct materials
Direct labor
Required:
Finishing
$ 475
Fabrication
$ 100
$ 232
$ 116
1. What is the total manufacturing cost assigned to Job 700?
2. If Job 700 consists of 5 units, what is its unit product cost?
Note: Round your answer to 2 decimal places.
1. Total manufacturing cost
$
1,227
2. Unit product cost
per unit
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