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JayAjayi Corporation manufactures various machine parts to customer specifications. The company uses a job-order costing system and applies overhead costs to jobs on the basis

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JayAjayi Corporation manufactures various machine parts to customer specifications. The company uses a job-order costing system and applies overhead costs to jobs on the basis of machine-hours. At the beginning of the year, the company used a cost formula to estimate that it would incur $4,294,000 in manufacturing overhead cost at an activity level of 565,000 machine-hours The company spent the entire month of January working on a large order for 8,200 custom made machine parts. The company had no work in process at the beginning of January. Cost data relating to January follow: a. Raw materials requisitioned for production, $271,000 (80% direct and 20% indirect). b.Labor cost incurred in the factory, $162,000, of which $54,000 was direct labor and $108,000 was indirect labor. c.Depreciation recorded on factory equipment, $63,500. d.Factory Rent and Factory Utilities costs incurred, $84,800. e.Manufacturing overhead cost was applied to production on the basis of 40,960 machine-hours actually worked during the month. f. The job was completed, and the 8,200 finished machine parts were moved into the finished goods warehouse on January 31 to await delivery to the customer. Required: 1. Calculate the Actual Manufacturing Overhead Costs Incurred Actual Manufacturing Overhead Costs Incurred 2. Compute the amount of Manufacturing Overhead Applied to Production Manufacturing Overhead Applied to Production 3. Calculate the total Manufacturing Cost for the job completed in January. Total Manufacturing Cost for the job 4. Compute the unit product cost that will appear on the job cost sheet. (Do not round intermediate calculations. Round your answer to 2 decimal places.) per unit Unit product cost

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