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Haughton Company uses a job costing system for its production costs and a predetermined factory overhead rate based on direct labor costs to apply factory
- Haughton Company uses a job costing system for its production costs and a predetermined factory overhead rate based on direct labor costs to apply factory overhead to all jobs. During the month of July, the firm processed three jobs: X13, X14, and X15, of which X13 was started in June. July 1 July 31 Inventories Direct Materials $ 36,700 ? Work-in-Process 41,400 ? Finished Goods 0 0 Cost of Goods Sold $ ? Direct materials purchased in July 57,000 Materials issued to production: X13 16,620 X14 25,820 X15 14,100 Factory labor hours used ($30/hour): X13 3,600 X14 2,900 X15 1,700 Indirect labor 7,000 Other factory overhead costs incurred: Rent $ 132,500 Utilities 256,800 Repairs and maintenance 189,500 Depreciation 132,100 Other 57,000 As of July 31, Job X13 was sold and Jobs X14 and X15 were still in process. Total factory overhead applied in July was $984,000. What is the cost per unit of Job X13 if it has a total of 100 units?
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