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