Braverman Company has two manufacturing departments—Finishing and Fabrication. The predetermined overhead rates in Finishing and Fabrication are $10.00 per direct labor-hour and 110% of direct materials cost, respectively. The company’s direct labor wage rate is $17.00 per hour. The following information pertains to Job 700:
Finishing | Fabrication | ||||||
Direct materials | $ | 415 | $ | 40 | |||
Direct labor | $ | 102 | $ | 34 | |||
Required:
1. What is the total manufacturing cost assigned to Job 700?
2. If Job 700 consists of 5 units, what is the unit product cost for this job? (Round your answer to 2 decimal places.)
Answer
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