Mcewan 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 35,000 direct labor-hours, total fixed manufacturing overhead cost of $273,000, and a variable manufacturing overhead rate of $3.00 per direct labor-hour. Job X941, which was for 50 units of a custom product, was recently completed. The job cost sheet for the job contained the following data: Total direct labor-hours Direct materials Direct labor cost 250 $500 $ 6,900 Requlred: Calculate the selling price for Job X941 if the company marks up its unit product costs by 20%. (Round your Intermedlate calculations and final answer to 2 decimal places.) Selling price per unit
Mcewan 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 35,000 direct labor-hours, total fixed manufacturing overhead cost of $273,000, and a variable manufacturing overhead rate of $3.00 per direct labor-hour. Job X941, which was for 50 units of a custom product, was recently completed. The job cost sheet for the job contained the following data: Total direct labor-hours Direct materials Direct labor cost 250 $500 $ 6,900 Requlred: Calculate the selling price for Job X941 if the company marks up its unit product costs by 20%. (Round your Intermedlate calculations and final answer to 2 decimal places.) Selling price per unit
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter4: Activity-based Costing
Section: Chapter Questions
Problem 30P: Primera Company produces two products and uses a predetermined overhead rate to apply overhead....
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