Braverman Company has two manufacturing departments—Finishing and Fabrication. The predetermined overhead rates in Finishing and Fabrication are $18.00 per direct labor-hour and 110% of direct materials cost, respectively. The company’s direct labor wage rate is $16.00 per hour. The following information pertains to Job 700: Finishing Fabrication Direct materials $ 410 $ 60 Direct labor $ 128 $ 48 Required: 1. What is the total manufacturing cost assigned to Job 700? 2. If Job 700 consists of 15 units, what is the unit product cost for this job?

The overhead rates are the rates that are allocated to the production of a product or service. The overhead rate is applied to the direct costs to production by spreading or allocating the overhead costs based on the specific measures.

The predetermined overhead rates:

Finishing- $18.00 per direct labor-hour

Fabrication- 110% of direct materials cost.

The company’s direct labor wage rate is $16.00 per hour.

The following information pertains to Job 700:

Finishing: Direct materials $ 410 - Direct labor $ 128

Fabrication: Direct materials $ 60 - Direct labor $ 48

A) Total manufacturing cost= manufacturing cost allocated to finishing + manufacturing cost allocated to fabrication

[tex]\begin{aligned}\text{Number of hours}=\frac{128}{16}= 8 \ \text{hours}\end{aligned}[/tex]

[tex]\begin{aligned}\text{Total manufacturing cost}= (8\ \text{hours}\times 18) + ($60\times1.10)= $210\end{aligned}[/tex]

B) [tex]\begin{aligned}\text{Total cost per unit}= \frac{\text{total cost}}{\text{Q}}\end{aligned}[/tex]

[tex]\begin{aligned}\text{Total cost per unit}= \frac{\text{total cost of finishing + total cost of fabrication}}{\text{Q}}\end{aligned}[/tex]

[tex]\begin{aligned}\text{Total cost per unit}= \frac{(410+128+144)+(60+48+66)}{15}\end{aligned}[/tex]

The total cost per unit is $57.07

To know more about the calculation of the different overhead rates, refer to the link below:

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