Braverman Company has two manufacturing departments-Finishing and Fabrication. The predetermined overhead rates in Finishing and Fabrication are $18.00 per direct labor-hour and 110% of direct materials cost, respectively. The company's P direct labor wage rate is $16.00 per hour. The following information pertains to Job 700: Finishing Fabrication $60 Direct materials $410 Direct labor $128 $48 Required: 1. What is the total manufacturing cost assigned to Job 700? 2. If Job 700 consists of 15 units, what is the unit product cost for this job?
Braverman Company has two manufacturing departments-Finishing and Fabrication. The predetermined overhead rates in Finishing and Fabrication are $18.00 per direct labor-hour and 110% of direct materials cost, respectively. The company's P direct labor wage rate is $16.00 per hour. The following information pertains to Job 700: Finishing Fabrication $60 Direct materials $410 Direct labor $128 $48 Required: 1. What is the total manufacturing cost assigned to Job 700? 2. If Job 700 consists of 15 units, what is the unit product cost for this job?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:EXERCISE 2-5 Computing Total Job Costs and Unit Product Costs Using Multiple Predetermined Overhead Rates
LO2-4 (2
Braverman Company has two manufacturing departments-Finishing and Fabrication. The predetermined overhead rates in
Finishing and Fabrication are $18.00 per direct labor-hour and 110% of direct materials cost, respectively. The company's Page 87
direct labor wage rate is $16.00 per hour. The following information pertains to Job 700:
Finishing Fabrication
$410
Direct materials
$60
Direct labor
$128
$48
Required:
1. What is the total manufacturing cost assigned to Job 700?
2. If Job 700 consists of 15 units, what is the unit product cost for this job?
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