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