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Detmer Liebold uses a job-order costing system with a single predetermined overhead rate based on direct...

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Accounting

Detmer Liebold uses a job-order costing system with a singlepredetermined overhead rate based on direct labor hours. Thepredetermined overhead rate is based on the following data: Totaldirect labor hours 70,000

Total fixed overhead cost 273,000

Variable manufacturing overhead per direct labor hour $6.00

Job 924 was recently completed with the followingcharacteristics.

Number of units produced 50

Total direct labor hours 100 Direct materials $680

Direct labor cost $7,000

Complete the following table to calculate the unit product costfor Job 924:

Account                                                                           Amount                                              Calculations

Total fixed manufacturing overhead cost

+ Total variable manufacturing overhead cost

Total manufacturing overhead cost

/ Direct labor hours

Predetermined overhead rate

Direct materials

Direct labor

Manufacturing overhead applied

Total cost of Job 924

Total cost of Job 924    From calculation above

/ Number of units produced Unit product cost for Job 924

Answer & Explanation Solved by verified expert
4.3 Ratings (513 Votes)

Account                                                                             Amount Calculations
Total fixed manufacturing overhead cost $273,000
+ Total variable manufacturing overhead cost $420,000 $6.00 × 70000
Total manufacturing overhead cost $693,000
/ Direct labor hours 70000
Predetermined overhead rate $9.90
Direct materials $          680
Direct labor $      7,000
Manufacturing overhead applied $          990 $9.90 × 100
Total cost of Job 924 $      8,670
Total cost of Job 924    From calculation above $      8,670
/

Number of units produced Unit product cost for Job 924

 50
Unit product cost for Job 924 $    173.40

Feel free to ask any clarification, if required. Please provide feedback by thumbs up, if satisfied. It will be highly appreciated. Thank you.
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