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Homework answers / question archive / Fickel Company has two manufacturing departments-Assembly and Testing & Packaging

Fickel Company has two manufacturing departments-Assembly and Testing & Packaging

Accounting

Fickel Company has two manufacturing departments-Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $31.00 per direct labor-hour and $27.00 per direct labor-hour, respectively. The company's direct labor wage rate is $33.00 per hour. The following information pertains to Job N-60: Testing & Packaging $ 63 $165 Assembly $435 $ 462 Direct materials Direct labor Required: 1. What is the total manufacturing cost assigned to Job N-60? (Do not round intermediate calculations.) 2. If Job N-60 consists of 10 units, what is the unit product cost for this job? (Do not round intermediate calculations. Round your answer to 2 decimal places.) 1. Total manufacturing cost 2. Unit product cost per unit

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1 Total manufacturing cost $1,694  
2 Unit product cost           [Total manufacturing cost / Total units = $1,694 / 10 units] $169.40 per unit

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Working note 1 - Total manufacturing cost
Total direct material cost                              [$435 + $63] $498
Total direct labor cost                                  [$462 + $165] $627
Total manufacturing overhead costs              [Refer working note 2] $569
Total manufacturing cost                                [$498 + $627 + $569] $1,694

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Working note 2 - Calculation of amount of manufacturing overhead assigned to the Job N-60
Amount of manufacturing overhead of the Assembly department assigned to Job N-360:  
Overhead rate $31
Number of labor hours used in the Assembly department    [Labor cost incurred / Wage rate = $462 / $33] 14
Amount of manufacturing overhead assigned                       [Overhead rate x Labor hours = $31 x 14 hours]         (a) $434
   
Amount of manufacturing overhead of the Testing & packaging assigned to Job N-360:  
Overhead rate $27
Number of labor hours used in the Testing & packaging    [Labor cost incurred / Wage rate = $165 / $33] 5
Amount of manufacturing overhead assigned                       [Overhead rate x Labor hours = $27 x 5 hours]           (b) $135
   
Total manufacturing overhead assigned to the job                                                                                               (a + b) $569

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