Mcewan Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on...
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Mcewan Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor- hours. The company based its predetermined overhead rate for the current year on 26,000 direct labor-hours, total fixed manufacturing overhead cost of $195,000, and a variable manufacturing overhead rate of $2.10 per direct labor-hour. Job X941, which was for 50 units of a custom product, was recently completed. The job cost sheet for the job contained the following data: Total direct labor-hours Direct materials 400 $ 800 Direct labor cost $ 7,000 Required: Calculate the selling price for Job X941 if the company marks up its unit product costs by 20%. Note: Round intermediate calculations and final answer to 2 decimal places. Selling price per unit Mcewan Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor- hours. The company based its predetermined overhead rate for the current year on 26,000 direct labor-hours, total fixed manufacturing overhead cost of $195,000, and a variable manufacturing overhead rate of $2.10 per direct labor-hour. Job X941, which was for 50 units of a custom product, was recently completed. The job cost sheet for the job contained the following data: Total direct labor-hours Direct materials 400 $ 800 Direct labor cost $ 7,000 Required: Calculate the selling price for Job X941 if the company marks up its unit product costs by 20%. Note: Round intermediate calculations and final answer to 2 decimal places. Selling price per unit
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To calculate the selling price per unit for Job X941 we need to determine the total cost ... View the full answer
Related Book For
Managerial Accounting
ISBN: 9781260247787
17th Edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
Posted Date:
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