Direct materials $ 57,240 Direct labor hours 1,692 DLHs Direct labor wage rate $ 12 per DLHS Number of units completed 3,600 units
The company applies manufacturing overhead on the basis of direct labor-hours. The predetermined overhead rate is $ 24 per direct laborhour.
Compute the unit product cost that would appear on the job cost sheet for this job. 3. Question:( TCO F) Miller Company manufactures a product for which materials are added at the beginning of the manufacturing process. A review of the company ' s inventory and cost records for the most recently completed year revealed the following information: Units Materials Conversion Work in process. Jan. 1( 80 % complete with respect to conversion costs) 100,000 $ 100,000 $ 157,500 Units started into production 500,000 Costs added during the year: Materials $ 650,000 Conversion $ 997,500 Units completed during the year 450,000