Mickley companys predetermined overhead rate is 2000 if job, Accounting Basics

Mickley companys predetermined overhead rate is 2000 if job

Problem

Mickley Company's predetermined overhead rate is $20.00 per direct labor-hour and its direct labor wage rate is $14.00 per hour. The following information pertains to Job A-500:

Direct materials $200
Direct labor $140

1. What is the total manufacturing cost assigned to Job A-500?
2. If Job A-500 consists of 80 units, what is the average cost assigned to each unit included in the job?

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Accounting Basics: Mickley companys predetermined overhead rate is 2000 if job

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Accounting Basics: Mickley companys predetermined overhead rate is 2000 if job

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