Explanation Job cost record: A job cost record is used to track all the cost incurred in completing a job. Costs include direct material, direct labor and manufacturing overhead allocated to a job. For each job company prepares its own job cost record. Job cost record also shows the number of unit manufactured on the job and cost per unit. Complete the job cost record by calculating the total job cost. Total job cost incurred by the company is direct material cost of $147, direct labor cost of $68 and manufacturing overhead of $16. Sum all the three cost, this will give the total job cost of $231 (1). GL has manufactured total of 32 units. Compute per unit cost by dividing total job cost with the number of units. Cost per unit is $7.22 (2). Total job cost = Direct material +Direct labor + Manufacturing overhead = $147 +$68 +$16 = $231 (1) Cost per unit = Total job cost Number of units manufactured = $ 231 32 = $7

5th Edition

ISBN: 9780134128528

Author: Karen W. Braun, Wendy M. Tietz

Publisher: PEARSON

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Chapter 3, Problem 3.18AE

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Calculate total job cost and cost per unit

Solution Summary: The author explains that a job cost record is used to track all the cost incurred in completing jobs, including direct material, direct labor, and manufacturing overhead.

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