Doakes Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data: Total direct labor-hours 60,000Total fixed manufacturing overhead cost$378,000Variable manufacturing overhead per direct labor-hour$2.20 Recently, Job M843 was completed with the following characteristics: Number of units in the job 60Total direct labor-hours 120Direct materials$630Direct labor cost$2,400 The unit product cost for Job M843 is closest to: $67.50 $50.50 $27.50 $33.75

Name: Doakes Corporation uses a job-order costing system with a single plant
Uploaded: 2024-03-20T06:33:06.000Z
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Description: Doakes Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data: Total direct labor-hou

Unit product cost will include direct material , direct labor and manufacturing overhead both fixed…

Answered: Doakes Corporation uses a job-order…

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter4: Accounting For Factory Overhead

Section: Chapter Questions

Problem 10E: Compute the total job cost for each of the following scenarios: a. If the direct labor cost method...

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Doakes Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data:


Total direct labor-hours		60,000
Total fixed manufacturing overhead cost	$	378,000
Variable manufacturing overhead per direct labor-hour	$	2.20

Recently, Job M843 was completed with the following characteristics:


Number of units in the job		60
Total direct labor-hours		120
Direct materials	$	630
Direct labor cost	$	2,400

The unit product cost for Job M843 is closest to:

		$67.50
		$50.50
		$27.50
		$33.75

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