Job 231 Was Recently Completed

question 90

Essay

Job 231 was recently completed. The following data have been recorded on its job cost sheet: 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.

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Definitions:

Tenant-Days

A measure used in the hospitality or healthcare industry, representing the total number of days that all tenants or patients have occupied the facility.

Planning Budget

A budget based on the level of planned output at the start of the budgetary period, used for planning purposes.

Total Expenses

The sum of all costs and expenses incurred by a business or individual, including operating expenses, cost of goods sold, and taxes.

Fixed Cost

Costs that do not change with the level of production or sales activities within a certain range or period.