Practical Management Science
Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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Pol Industries uses a job order cost system and applies manufacturing overhead costs to jobs using a predetermined overhead rate based on direct labour-hours. The following data were extracted from the company's accounting records for Year 6
                                                    Estimated                       Actual

Manufacturing overhead costs   50,000                        54,000 

direct labour-hours                 20,000 hours              24,000 hours

Job #461 was completed during the year and the following costs had been incurred on that job:
direct materials                        4000

direct labour                            1500(at $5.00 per direct labour hour)
  

 Suppose Job #461 contained 100 units. What unit cost would appear on the job cost sheet for job #461? Show ALL calculations.

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