The Cameron Corporation manufactures custom-made purses. The following data pertains to Job XY5: Direct materials placed...
The Cameron Corporation manufactures custom-made purses. The following data pertains to Job XY5:
Direct materials placed into production $4,000
Direct labor hours worked 50 hours
Direct labor rate per hour $15
Machine hours worked 100 hours
Factory overhead is applied using a plant-wide rate based on direct labor hours. Factory overhead was budgeted at $80,000 for the year and the direct labor hours were estimated to be 20,000. Job XY5 consists of 50 units.
What is the labor cost per unit for Job XY5?
a. $4
b. $15
c. $0.80
d. $40
What the total cost assigned to Job XY5?
a. $5,150
b. $4,400
c. $4,200
d. $4,950
Homework Answers
| 1 | b. $15 | |
| Labor cost per unit for Job XY5 = $15 | ||
| ($15 x 50 hours)/50 units | ||
| 2 | a. $5,150 | |
| The total cost assigned to Job XY5 | ||
| Direct materials | $4,000 | |
| Direct labor | $750 | |
| Factory overhead | $400 | |
| ($80,000/20,000 x 100 hours) | ||
| $5,150 | ||
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