Chapter 12, Problem 29P

Nolan Industries assigns overhead costs to jobs on the basis of 140% of direct labor costs. The job cost sheet for Job 627 includes $31,200 in direct materials cost and $18,500 in direct labor cost. A total of 2,500 units were produced in Job 627. Required: a. What is the total manufacturing cost assigned to Job 627? b. What is the unit product cost for Job 627?

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What is the best estimate of the operating expenses for 2020 using the high-low method based on total expected miles of 130,000?