A company assigns overhead cost to completed jobs on the basis of 130% of direct labour cost. The job cost sheet for Job 313 shows that £9,700 in direct materials has been used on the job and that £12,000 in direct labour cost has been incurred.        Required: If 1,000 units were produced in Job 313, what is the cost per unit?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter6: Activity-based, Variable, And Absorption Costing
Section: Chapter Questions
Problem 2EB: Boarders estimates overhead will utilize 160,000 machine hours and cost $80,000. It takes 4 machine...
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A company assigns overhead cost to completed jobs on the basis of 130% of direct labour cost. The job cost sheet for Job 313 shows that £9,700 in direct materials has been used on the job and that £12,000 in direct labour cost has been incurred.

      

Required:
If 1,000 units were produced in Job 313, what is the cost per unit?

 

 

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