Newhard Company assigns overhead costs to jobs on the basis of 112% of direct labor costs. The job cost sheet for Job 313 includes $19,952 in direct materials cost and $10,400 in direct labor cost. A total of 1,500 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 313?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 2PA: York Company Is a machine shop that estimated overhead will be $50,000, consisting of 5,000 hours of...
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Newhard Company assigns overhead costs to jobs
on the basis of 112% of direct labor costs. The job
cost sheet for Job 313 includes $19,952 in direct
materials cost and $10,400 in direct labor cost. A
total of 1,500 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 313?
Transcribed Image Text:Newhard Company assigns overhead costs to jobs on the basis of 112% of direct labor costs. The job cost sheet for Job 313 includes $19,952 in direct materials cost and $10,400 in direct labor cost. A total of 1,500 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 313?
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