Braverman Company has two manufacturing departments-Finishing and Fabrication. The predetermined overhead rates in Finishing and Fabrication are $28.00 per direct labor-hour and 120% of direct materials cost, respectively. The company's direct labor wage rate is $34.00 per hour. The following information pertains to Job 700: Direct materials Direct labor Finishing Fabrication $ 500 $ 125 $ 442 $. 306 Required: 1. What is the total manufacturing cost assigned to Job 700? 2. If Job 700 consists of 30 units, what is its unit product cost? Note: Round your answer to 2 decimal places. Answer is complete but not entirely correct. $ $ 1. Total manufacturing cost 2. Unit product cost 12,795 X 585.00 per unit

Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter6: Process Costing
Section: Chapter Questions
Problem 24E: Baxter Company has two processing departments: Assembly and Finishing. A predetermined overhead rate...
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Braverman Company has two manufacturing departments-Finishing and Fabrication. The predetermined overhead rates in Finishing
and Fabrication are $28.00 per direct labor-hour and 120% of direct materials cost, respectively. The company's direct labor wage rate
is $34.00 per hour. The following information pertains to Job 700:
Direct materials
Direct labor
Finishing Fabrication
$ 500
$ 442
$ 125
$.306
Required:
1. What is the total manufacturing cost assigned to Job 700?
2. If Job 700 consists of 30 units, what is its unit product cost?
Note: Round your answer to 2 decimal places.
Answer is complete but not entirely correct.
12,795
585.00 per unit
1. Total manufacturing cost $
2. Unit product cost
$
Transcribed Image Text:Braverman Company has two manufacturing departments-Finishing and Fabrication. The predetermined overhead rates in Finishing and Fabrication are $28.00 per direct labor-hour and 120% of direct materials cost, respectively. The company's direct labor wage rate is $34.00 per hour. The following information pertains to Job 700: Direct materials Direct labor Finishing Fabrication $ 500 $ 442 $ 125 $.306 Required: 1. What is the total manufacturing cost assigned to Job 700? 2. If Job 700 consists of 30 units, what is its unit product cost? Note: Round your answer to 2 decimal places. Answer is complete but not entirely correct. 12,795 585.00 per unit 1. Total manufacturing cost $ 2. Unit product cost $
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