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Exercise 3-9 (Algo) Applying Overhead Cost; Computing Unit Product Cost [LO3-2, LO3-3] Newhard Company assigns overhead cost to jobs on the basis of 119% of

Exercise 3-9 (Algo) Applying Overhead Cost; Computing Unit Product Cost [LO3-2, LO3-3]

Newhard Company assigns overhead cost to jobs on the basis of 119% of direct labor cost. The job cost sheet for Job 313 includes $20,405 in direct materials cost and $10,500 in direct labor cost. A total of 1,550 units were produced in Job 313.

Required:

  1. What is the total manufacturing cost assigned to Job 313?
  2. What is the unit product cost for Job 313?

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