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Mickley Company’s plantwide predetermined overhead rate is $14.00 per direct labor-hour and its direct labor wage rate is $17.00 per hour. The following information pertains to Job A-500: Direct materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $231Direct labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $153 Required:1. What is the total manufacturing cost assigned to Job A-500?2. If Job A-500 consists of 40 units, what is the unit product cost for this job?

Mickley Company’s plantwide predetermined overhead rate is $14.00 per direct labor-hour and its direct labor wage rate is $17.00 per hour. The following information pertains to Job A-500: Direct materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $231Direct labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $153 Required:1. What is the total manufacturing cost assigned to Job A-500?2. If Job A-500 consists of 40 units, what is the unit product cost for this job?

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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Mickley Company’s plantwide predetermined overhead rate is $14.00 per direct labor-hour and its direct labor wage rate is $17.00 per hour. The following information pertains to Job A-500:

Direct materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $231
Direct labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $153

Required:
1. What is the total manufacturing cost assigned to Job A-500?
2. If Job A-500 consists of 40 units, what is the unit product cost for this job?

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