Monday, 1 October 2018

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:

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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