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Mickley Company's plantwide predetermined overhead rate is $23 per direct labor hour and its direct labor wage rate is $13 per hour. The following information pertains to Job A-500: Direct materials $240 Direct labor Required: $195 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 50 units, what is the unit product cost for this job?

Mickley Company's plantwide predetermined overhead rate is $23 per direct labor hour and its direct labor wage rate is $13 per hour. The following information pertains to Job A-500: Direct materials $240 Direct labor Required: $195 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 50 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 $23 per direct labor hour and its direct labor wage rate is $13 per hour. The following information pertains to Job A-500: Direct materials $240 Direct labor Required: $195 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 50 units, what is the unit product cost for this job?
Transcribed Image Text:Mickley Company's plantwide predetermined overhead rate is $23 per direct labor hour and its direct labor wage rate is $13 per hour. The following information pertains to Job A-500: Direct materials $240 Direct labor Required: $195 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 50 units, what is the unit product cost for this job?
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