Question
Job 62 was recently completed and the following data is available on the job cost sheet for Job 62: Direct Materials Direct Labor Hours
Job 62 was recently completed and the following data is available on the job cost sheet for Job 62: Direct Materials Direct Labor Hours $3,887 1,224 hours Direct Labor Hourly Wage Rate: $12 per hour Number of units completed: 4,000 units The company applies manufacturing overhead on the basis of direct labor hours. The predetermined overhead rate is $13 per direct labor hour. Compute the total product cost for Job 62. Hint: This would be the sum total of manufacturing cost on the job cost sheet. Job 62 was recently completed and the following data is available on the job cost sheet for Job 62: Direct Materials Direct Labor Hours $3,887 1,224 hours Direct Labor Hourly Wage Rate: $12 per hour Number of units completed: 4,000 units The company applies manufacturing overhead on the basis of direct labor hours. The predetermined overhead rate is $13 per direct labor hour. Compute the total product cost for Job 62. Hint: This would be the sum total of manufacturing cost on the job cost sheet.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started