Question: Exercise 2-8 Applying Overhead; Computing Unit Product Cost [LO2-2, LO2-3] A company assigns overhead cost to completed jobs on the basis of 112% of direct

Exercise 2-8 Applying Overhead; Computing Unit Product Cost [LO2-2, LO2-3]

A company assigns overhead cost to completed jobs on the basis of 112% of direct labor cost.The job cost sheet for Job 313 shows $10,904 in direct materials has been used on the job and that $10,800 in direct labor cost has been incurred. A total of 1,300 units were produced in Job 313.

Required:
a.	What is the total manufacturing cost assigned to Job 313?

b.	What is the unit product cost for Job 313?

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