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QUESTION
A company assigns overhead cost to completed jobs on the basis of 112% of direct labor cost.
A company assigns overhead cost to completed jobs on the basis of 112% of direct labor cost. The job cost sheet for Job 413 shows that $31,500 in direct materials has been used on the job and that $10,000 in direct labor cost has been incurred. A total of 1,550 units were produced in Job 413.a.What is the total manufacturing cost assigned to Job 413?b.What is the unit product cost for Job 413?
a.What is the total manufacturing cost assigned to Job 413?ParticularsDirect Material CostDirect labour CostManufacturing OverheadsTotal Manufacturing Cost Amount $31,50010,0001120052,700...