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1. Determine the predetermined manufacturing overhead rate. 2.During the year, Job #291 was started and completed. Find the total cost of Job #291 using the

1. Determine the predetermined manufacturing overhead rate.
2.During the year, Job #291 was started and completed. Find the total cost of Job #291 using the following information
Direct Materials........$350
Direct Labor.......$250
Direct Labor hours used on job 291......30
Machine hours used on job 291.......10
3. Assuming that Job #291 consisted of 40 units, find the unit cost.
4.Assuming that Langdon uses a 200% markup based on total manufacturing cost, what selling price should they set for Job #291 image text in transcribed
Chapter 2 excel problem Langdon company uses a job-order costing system with a predetermined overhead rate based on direct labor hours. At the beginning of the year, the company made the following estimates for the year: Manufacturing Overhead... $1,064,000 Direct Labor hours needed for production....140,000 Required: . 1. Determine the predetermined manufacturing overhead rate. 2. During the year, Job # 291 was started and completed. Find the total cost of Job # 291 using the following information: Direct Materials. $350 Direct Labor....... $250 Direct Labor hours used on job 291. .30 Machine hours used on job 291. ..10 3. Assuming that Job #291 consisted of 40 units, find the unit cost. 4. Assuming that Langdon uses a 200% markup based on total manufacturing cost, what selling price should they set for Job #291

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