Mickley Company's plantwide predetermined overhead rate is $19.00 per direct labor-hour and its direct labor wage rate is $14.00 per hour. The following information pertains to Job A-500: Direct materials Direct labor $ 300 $ 70 Required: 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 80 units, what is the unit product cost for this job? Note: Round your answer to 2 decimal places. 1. Total manufacturing cost 2. Unit product cost per unit

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Mickley Company's plantwide predetermined overhead rate is $19.00 per direct labor-hour and its direct labor wage rate is $14.00 per
hour. The following information pertains to Job A-500:
Direct materials
Direct labor
$ 300
$ 70
Required:
1. What is the total manufacturing cost assigned to Job A-500?
2. If Job A-500 consists of 80 units, what is the unit product cost for this job?
Note: Round your answer to 2 decimal places.
1. Total manufacturing cost
2. Unit product cost
per unit
Transcribed Image Text:Mickley Company's plantwide predetermined overhead rate is $19.00 per direct labor-hour and its direct labor wage rate is $14.00 per hour. The following information pertains to Job A-500: Direct materials Direct labor $ 300 $ 70 Required: 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 80 units, what is the unit product cost for this job? Note: Round your answer to 2 decimal places. 1. Total manufacturing cost 2. Unit product cost per unit
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