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COTB MC Qu. 2-56 (Algo) Assume a company had no jobs... 4. Assume a company had no jobs in progress at the beginning of July
COTB MC Qu. 2-56 (Algo) Assume a company had no jobs... 4. Assume a company had no jobs in progress at the beginning of July and no beginning inventories. It started and completed only two jobs during July-Job Y and Job Z. The company uses a plantwide predetermined overhead rate based on direct labor-hours. The following additional information from the month of July is available for the company as a whole and for Jobs Y and 2: Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per direct labor-hour Estimated total direct labor hours to be worked Total actual manufacturing overhead costs incurred $13,000 $ 1.00 2,000 $12,800 Direct materials Direct labor cost Actual direct labor hours worked Job Y Job 2 $13,000 $7,000 $21,000 $7,500 1,400 500 Assuming Job Z contains 200 units and that the company applies a markup of 55% when establishing its selling prices, the price per unit that it would choose for Job Z is closest to
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