Exercise - Computing Job Costs
Mickley Company's predetermined overhead rate is $21.00 per direct labor-hour and its direct labor wage rate is $16.00 per hour. The following information pertains to Job A-500:
Direct material - $250
Direct labor - $160
Requires -
1. What is the total manufacturing cost assigned to Job A-500?
2. If job A-500 consists of 50 units, what is the average cost assigned to each unit included in the job?