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The company assigns overhead cost to completed jobs on the basis of 120% of direct labor cost. The job cost sheet for Job 413 shows that $12,000 in direct materials has been utilized on the job and that $8,000 in direct labor cost has been incurred. A total of 200 units were produced in Job 413.

Required: 

a) Find out the total manufacturing cost assigned to Job 413?

b) Determine the unit product cost for Job 413?

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M916304

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