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Harris Company assigns overhead cost to jobs on the basis of 120% of direct labor cost. The job cost sheet for Job 205 includes $18,500 in direct materials cost and $15,200 in direct labor cost. A total of 2,300 units were produced in Job 205. Required: a. What is the total manufacturing cost assigned to Job 205? b. What is the unit product cost for Job 205?

Harris Company assigns overhead cost to jobs on the basis of 120% of direct labor cost. The job cost sheet for Job 205 includes $18,500 in direct materials cost and $15,200 in direct labor cost. A total of 2,300 units were produced in Job 205. Required: a. What is the total manufacturing cost assigned to Job 205? b. What is the unit product cost for Job 205?

Principles of Cost Accounting
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter4: Accounting For Factory Overhead
Section: Chapter Questions
Problem 10E: Compute the total job cost for each of the following scenarios: a. If the direct labor cost method...
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Harris Company assigns overhead cost to jobs on the basis of 120% of direct labor cost. The job cost sheet for Job 205 includes $18,500 in direct materials cost and $15,200 in direct labor cost. A total of 2,300 units were produced in Job 205. Required: a. What is the total manufacturing cost assigned to Job 205? b. What is the unit product cost for Job 205?

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