Mickley Company's plantwide predetermined overhead rate is $20 per direct labor hour and its direct labor wage rate is $15 per hour. The following information pertains to Job A-500: Direct materials $290 Direct labor Required: $225 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 70 units, what is the unit product cost for this job?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 2PA: York Company Is a machine shop that estimated overhead will be $50,000, consisting of 5,000 hours of...
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Mickley Company's plantwide predetermined overhead rate is $20 per direct
labor hour and its direct labor wage rate is $15 per hour. The following
information pertains to Job A-500:
Direct materials $290
Direct labor
Required:
$225
1. What is the total manufacturing cost assigned to Job A-500?
2. If Job A-500 consists of 70 units, what is the unit product cost for this
job?
Transcribed Image Text:Mickley Company's plantwide predetermined overhead rate is $20 per direct labor hour and its direct labor wage rate is $15 per hour. The following information pertains to Job A-500: Direct materials $290 Direct labor Required: $225 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 70 units, what is the unit product cost for this job?
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