Question
Lamberson Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine hours. The company based its predetermined overhead rate
Lamberson Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours 50,000 Total fixed manufacturing overhead cost $460,000 Variable manufacturing overhead per machine-hour $3.10 Recently Job P647 was completed with the following characteristics: Number of units in the job 50 Total machine-hours 150 Direct materials $740 Direct labor cost $6,000
Required: a. Calculate the amount of overhead applied to Job P647.
b. Calculate the total job cost for Job P647.
c. Calculate the unit product cost for Job P647.
d. Calculate the sales price if there is a 10% markup
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