Job 5432 was recently completed. The following data have been recorded on its job cost sheet: Direct materials$40,610 Direct labor-hours 1,147DLHsDirect labor wage rate$11per DLHNumber of units completed 3,100unitsThe company applies manufacturing overhead on the basis of direct labor-hours. The predetermined overhead rate is $20 per direct labor-hour.Required:Compute the unit product cost that would appear on the job cost sheet for Job 5432.
What will be an ideal response?
Cost Summary:
| Direct materials | $ | 40,610 |
| Direct labor $11 per DLH × 1,147 DLHs | 12,617 | |
| Manufacturing overhead $20 per DLH × 1,147 DLHs | 22,940 | |
| Total cost | $ | 76,167 |
| Unit product cost | $ | 24.57 |
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What will be an ideal response?