Newhard Company applies overhead cost to jobs on the basis of 117% of direct labor cost. Job 313 includes 1,650 units and its job cost sheet contains $32,099 in direct materials and $10,300 in direct labor. Required: a. What is the total manufacturing cost applied to Job 313? b. What is this job's unit product cost? a. Total manufacturing cost b. Unit product cost

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Newhard Company applies overhead cost to jobs on the basis of 117% of direct labor cost. Job 313 includes 1,650 units
and its job cost sheet contains $32,099 in direct materials and $10,300 in direct labor.
Required:
a. What is the total manufacturing cost applied to Job 313?
b. What is this job's unit product cost?
a. Total manufacturing cost
b. Unit product cost
Transcribed Image Text:Newhard Company applies overhead cost to jobs on the basis of 117% of direct labor cost. Job 313 includes 1,650 units and its job cost sheet contains $32,099 in direct materials and $10,300 in direct labor. Required: a. What is the total manufacturing cost applied to Job 313? b. What is this job's unit product cost? a. Total manufacturing cost b. Unit product cost
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