Business, 27.09.2019 05:10 moranmar2283

Braverman company has two manufacturing departments—finishing and fabrication. the predetermined overhead rates in finishing and fabrication are $18.00 per direct labor-hour and 110% of direct materials cost, respectively. the company’s direct labor wage rate is $16.00 per hour. the following information pertains to job 700: finishing fabrication direct materials $ 410 $ 60 direct labor $ 128 $ 48 required: 1. what is the total manufacturing cost assigned to job 700? 2. if job 700 consists of 15 units, what is the unit product cost for this job?

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Answer from: Kcmayo6019

Instructions are listed below

Explanation:

Giving the following information:

The predetermined overhead rates:

Finishing: $18.00 per direct labor-hour

Fabrication: 110% of direct materials cost.

The company’s direct labor wage rate is $16.00 per hour.

The following information pertains to Job 700:

Finishing: Direct materials $ 410 - Direct labor $ 128

Fabrication: Direct materials $ 60 - Direct labor $ 48

A) Total manufacturing cost= manufacturing cost allocated to finishing + manufacturing cost allocated to fabrication

Number of hours= (128/16)= 8 hours

Total manufacturing cost= (8 hours* 18) + ($60*1.10)= $210

B) Total cost per unit= total cost/Q

Total cost per unit= (total cost of finishing + total cost of fabrication)/Q

Total cost per unit= [(410+128+144)+(60+48+66)]/15

Total cost per unit= $57.07

Answer from: gabiii262

The overhead rates are the rates that are allocated to the production of a product or service. The overhead rate is applied to the direct costs to production by spreading or allocating the overhead costs based on the specific measures.

The predetermined overhead rates:

Finishing- $18.00 per direct labor-hour

Fabrication- 110% of direct materials cost.

The company’s direct labor wage rate is $16.00 per hour.

The following information pertains to Job 700:

Finishing: Direct materials $ 410 - Direct labor $ 128

Fabrication: Direct materials $ 60 - Direct labor $ 48

A) Total manufacturing cost= manufacturing cost allocated to finishing + manufacturing cost allocated to fabrication

$\begin{aligned}\text{Number of hours}=\frac{128}{16}= 8 \ \text{hours}\end{aligned}$

$\begin{aligned}\text{Total manufacturing cost}= (8\ \text{hours}\times 18) + ($60\times1.10)= $210\end{aligned}$

B) $\begin{aligned}\text{Total cost per unit}= \frac{\text{total cost}}{\text{Q}}\end{aligned}$

$\begin{aligned}\text{Total cost per unit}= \frac{\text{total cost of finishing + total cost of fabrication}}{\text{Q}}\end{aligned}$

$\begin{aligned}\text{Total cost per unit}= \frac{(410+128+144)+(60+48+66)}{15}\end{aligned}$

The total cost per unit is $57.07

To know more about the calculation of the different overhead rates, refer to the link below:

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Braverman company has two manufacturing departments—finishing and fabrication. the predetermined ove...