Newhard Company assigns overhead cost to jobs on the basis of 114% of direct labor cost. The job cost sheet for Job 313 includes $37,244 in direct materials cost and $10,400 in direct labor cost. A total of 1,750 units were produced in Job 313.   Required: a. What is the total manufacturing cost assigned to Job 313? b. What is the unit product cost for Job 31

Shipley Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour The predetermined overhead rate is closest to: $8.30 per machine-hour $11.40 per machine-hour $5.20 per machine-hour O $3.10 per machine-hour 80,000 416,000 3.10

Landen Corporation uses a job-order costing system. At the beginning of the year, the company made the following estimates: Direct labor-hours required to support estimated production Machine-hours required to support estimated production Fixed manufacturing overhead cost Variable manufacturing overhead cost per direct labor-hour Variable manufacturing overhead cost per machine-hour Direct materials Direct labor cost Direct labor-hours. Machine-hours During the year, Job 550 was started and completed. The following information is available with respect to this job: $229 $ 293 15 5 Required: 1. Assume that Landen has historically used a plantwide predetermined overhead rate with direct labor-hours as the allocation base. Under this approach: a. Compute the plantwide predetermined overhead rate. b. Compute the total manufacturing cost of Job 550. c. If Landen uses a markup percentage of 200% of its total manufacturing cost, what selling price would it establish for Job 550? 2. 2. Assume…

Hamilton Company applies manufacturing overhead costs to products based on direct labor hours. The company estimates manufacturing overhead cost for the year to be $274,000 and direct labor hours to be 20,000. Actual overhead for the year was $320,000.   Required: 1. Compute the predetermined overhead rate. 2. If the company actually used 24,400 direct labor hours, how much manufacturing overhead is applied to the company's jobs?