Job 5432 Was Recently Completed The Company Applies Manufacturing Overhead on the Basis of Direct

question 24

Essay

Job 5432 was recently completed.The following data have been recorded on its job cost sheet:
$$\begin{array} { | l | r | } \hline \text { Direct materials } & \$ 40,610 \\\hline \text { Direct labor-hours } & 1,147 \mathrm { DLHs } \\\hline \text { Direct labor wage rate } & \$ 11 \text { per } \mathrm { DLH } \\\hline \text { Number of units completed } & 3,100 \text { units } \\\hline\end{array}$$
The 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.

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Definitions:

Incremental Value

The additional or excess value that an activity, project, or entity generates compared to a baseline scenario.

Shares Outstanding

The total number of shares of a company that are currently owned by investors, including restricted shares.

Equity-Financed

A method of funding a company's operations by issuing shares to investors, rather than taking on debt.

Incremental Value

The additional value generated by undertaking a specific action or investment compared to not doing so.