Exercise - Applying Overhead; Computing Unit Product Cost
A company assigns overhead cost to completed jobs on the basis of 111% of direct labor cost. The job cost sheet for Job 313 shows that $26,317 in direct materials has been used on the job and that $10,300 in direct labor cost has been incurred. A total of 1,550 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?