Weaver Company's predetermined overhead rate is $20.00 per direct labor-hour and its direct labor wage rate is $14.00 per hour. The following information pertains to Job A-200: Direct materials $220 Direct labor $210 Required: 1. What is the total manufacturing cost assigned to Job A-200? 2. If Job A-200 consists of 80 units, what is the average cost assigned to each unit included in the job? (Round your answer to 2 decimal places.)
Direct labor hour = Direct labor cost / Rate per hour
= $210 / $14
= 15
Allocated overhead = Direct labor hour × Overhead rate
= 15 × $20
= $300
1.
Manufacturing cost = Direct material + Direct labor + Allocated overhead
= 220 + 210 + 300
= $730 (Answer)
2.
Average cost = Manufacturing cost / Number of units
= $730 / 80
= $9.125
= $9.13 rounded (Answer)
Weaver Company's predetermined overhead rate is $20.00 per direct labor-hour and its direct labor wage rate...