A company assigns overhead cost to completed jobs on the basis of 125% of direct labor cost.
Question:
A company assigns overhead cost to completed jobs on the basis of 125% of direct labor cost. The job cost sheet for Job 313 shows that $10,000 in direct materials has been used on the job and that $12,000 in direct labor cost has been incurred. A total of 1,000 units were produced in Job 313.
Required:
What is the unit product cost for Job 313?
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