Question: Exercise 2-5 (Algo) Computing Total Job Costs and Unit Product Costs Using Multiple Predetermined Overhead Rates (LO2-4) Braverman Company has two manufacturing departments-Finishing and Fabrication.
Exercise 2-5 (Algo) Computing Total Job Costs and Unit Product Costs Using Multiple Predetermined Overhead Rates (LO2-4) Braverman Company has two manufacturing departments-Finishing and Fabrication. The predetermined overhead rates in Finishing and Fabrication are $15.00 per direct labor-hour and 120% of direct materials cost, respectively. The company's direct labor wage rate is $22.00 per hour. The following information pertains to Job 700: Direct materials Direct labor Finishing $ 410 $ 128 Fabrication $ 60 $.48 Required: 1. What is the total manufacturing cost assigned to Job 700? 2. If Job 700 consists of 30 units, what is the unit product cost for this job? (Round your answer to 2 decimal places.) * Answer is complete but not entirely correct. $ 1. Total manufacturing cost 2. Unit product cost 1905 X 26.83 X per unit $
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
