Question
Question 2-job order costing: Beans Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based
Question 2-job order costing: Beans 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 total fixed manufacturing overhead cost of $162,000, variable manufacturing overhead of $2.80 per direct labor-hour, and 60,000 direct labor-hours. Recently, Job K818 was completed with the following characteristics:
|
|
|
Number of units in the job |
| 10 |
Total direct labor-hours |
| 50 |
Direct materials | $ | 920 |
Direct labor cost | $ | 1,400 |
If the company marks up its unit product costs by 40% then the selling price for a unit in Job K818 is: (Round your intermediate calculations to 2 decimal places.)
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