cewan Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor- ours. The company based its predetermined overhead rate for the current year on 50,000 direct labor-hours, total fixed manufacturing overhead cost of $390,000, and a variable manufacturing overhead rate of $4.40 per direct labor-hour. Job X941, which was for 50 units of a custom product, was recently completed. The job cost sheet for the job contained the following data: Total direct labor hours Direct materials Direct labor cost 300 $ 600 $ 7,000

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Chapter1: Financial Statements And Business Decisions
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Mcewan Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-
hours. The company based its predetermined overhead rate for the current year on 50,000 direct labor-hours, total fixed
manufacturing overhead cost of $390,000, and a variable manufacturing overhead rate of $4.40 per direct labor-hour. Job X941, which
was for 50 units of a custom product, was recently completed. The job cost sheet for the job contained the following data:
Total direct labor-hours
Direct materials
Direct labor cost
300
$ 600
$ 7,000
Required:
Calculate the selling price for Job X941 if the company marks up its unit product costs by 20%. (Round Intermediate calculations and
final answer to 2 decimal places)
Selling price per unit
Transcribed Image Text:Mcewan Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor- hours. The company based its predetermined overhead rate for the current year on 50,000 direct labor-hours, total fixed manufacturing overhead cost of $390,000, and a variable manufacturing overhead rate of $4.40 per direct labor-hour. Job X941, which was for 50 units of a custom product, was recently completed. The job cost sheet for the job contained the following data: Total direct labor-hours Direct materials Direct labor cost 300 $ 600 $ 7,000 Required: Calculate the selling price for Job X941 if the company marks up its unit product costs by 20%. (Round Intermediate calculations and final answer to 2 decimal places) Selling price per unit
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