Required: 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 90 units, what is the unit product cost for this job? (Round your answer to 2 decimal places.)

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Exercise 2-3 (Algo) Computing Total Job Costs and Unit Product Costs Using a Plantwide
Predetermined Overhead Rate [LO2-3]
Mickley Company's plantwide predetermined overhead rate is $22.00 per direct labor-hour and its direct labor wage rate is $15.00 per
hour. The following information pertains to Job A-500:
Direct materials
Direct labor
$290
$75
Required:
1. What is the total manufacturing cost assigned to Job A-500?
2. If Job A-500 consists of 90 units, what is the unit product cost for this job? (Round your answer to 2 decimal places.)
1. Total manufacturing cost
2. Unit product cost
per unit
Transcribed Image Text:Exercise 2-3 (Algo) Computing Total Job Costs and Unit Product Costs Using a Plantwide Predetermined Overhead Rate [LO2-3] Mickley Company's plantwide predetermined overhead rate is $22.00 per direct labor-hour and its direct labor wage rate is $15.00 per hour. The following information pertains to Job A-500: Direct materials Direct labor $290 $75 Required: 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 90 units, what is the unit product cost for this job? (Round your answer to 2 decimal places.) 1. Total manufacturing cost 2. Unit product cost per unit
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