Newhard company assigns overhead cost to jobs on the basis of 116% of direct labor cost. the job cost sheet for job 313 includes $20,504 in direct materials cost and $10,600 in direct labor cost. a total of 1,400 units were produced in job 313. required: a. what is the total manufacturing cost assigned to job 313? b. what is the unit product cost for job 313?

(a) Total manufacturing cost = $43,400

(b) Unit product cost = $31

Explanation:

Given that,

Overhead cost to jobs = 116% of direct labor cost

                                      = 116% of $10,600

                                      = $12,296

Direct materials cost = $20,504

Direct labor cost = $10,600

Units Produced = 1,400

(a) Total manufacturing cost = sum of direct labor cost+ direct material cost+ overheads

                                               = $10,600 + $20,504 + $12,296

                                               = $43,400

(b) Unit product cost =

                                  =

                                  = $31

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