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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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dal.3
answer must be in proper format or i will give down vote
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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