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Boeing uses a job-order costing system. The company has the following data for Job #789: Direct materials: $1,200,000 Direct labor: 10,000 hours at $50/hour Manufacturing
Boeing uses a job-order costing system. The company has the following data for Job #789:
- Direct materials: $1,200,000
- Direct labor: 10,000 hours at $50/hour
- Manufacturing overhead: Applied at 130% of direct labor cost
Additional costs for the month include:
- Selling and Administrative Expenses: $150,000
Requirements:
- Compute the total manufacturing cost for Job #789.
- Determine the unit cost if 20 units were produced in Job #789.
- Prepare a job cost sheet.
- Calculate the gross margin if the job is sold for $3,500,000.
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