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Oakville Company has two manufacturing departments - Cutting and Finishing. The predetermined overhead rate in the Cutting and Finishing department is $20 per direct labor
Oakville Company has two manufacturing departments - Cutting and Finishing. The predetermined overhead rate in the Cutting and Finishing department is $20 per direct labor hour and 120% of direct material cost respectively. The company's direct labor wage rate is $18 per hour. The following information pertains to Job N-50: Cutting Finishing $120 Direct Materials $810 Direct Labor $360 $180 Required: (6x1) = 6 c. a. Calculate the amount of applied MOH for Cutting department and finishing department b. Calculate the amount of prime cost of Cutting department. Calculate the amount of conversion cost of finishing department d. Calculate the total amount of manufacturing cost assigned to job N-50. If 53 units are produced and sold, what is the unit product cost? f. If the company adds a mark-up of 70% on cost what is the total and per unit sales? e
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