Job 243 was recently completed. The following data have been recorded on its job cost sheet: Direct materials$48,870 Direct labor-hours 405labor-hoursDirect labor wage rate$13per labor-hourMachine-hours 486machine-hoursNumber of units completed 2,700units The company applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $11 per machine-hour. Required:Compute the unit product cost that would appear on the job cost sheet for this job.
What will be an ideal response?
Cost Summary
| Direct materials | $ | 48,870 |
| Direct labor ($13 per DLH × 405 DLHs) | 5,265 | |
| Manufacturing overhead ($11 per MH × 486 MHs) | 5,346 | |
| Total product cost | $ | 59,481 |
| Unit product cost | $ | 22.03 |
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