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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 $ 232 Fabrication $ 100 $ 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. Answer is complete but not entirely correct. 1. Total manufacturing cost $ 742 x 2. Unit product cost $ 148.40 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 $ 232 Fabrication $ 100 $ 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. Answer is complete but not entirely correct. 1. Total manufacturing cost $ 742 x 2. Unit product cost $ 148.40 per unit

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 $ 232 Fabrication $ 100 $ 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. Answer is complete but not entirely correct. 1. Total manufacturing cost $ 742 x 2. Unit product cost $ 148.40 per unit
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 $ 232 Fabrication $ 100 $ 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. Answer is complete but not entirely correct. 1. Total manufacturing cost $ 742 x 2. Unit product cost $ 148.40 per unit
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