Ryans Corporation uses a joborder costing system with a single plantwide predetermined overhead rate based on machinehours. The company based its predetermined overhead rate for the current year on the following data:
Total machinehours
Total fixed manufacturing overhead cost $
Variable manufacturing overhead per machinehour $
Recently Job P was completed with the following characteristics:
Number of units in the job
Total machinehours
Direct materials $
Direct labor cost $
Required:
Calculate the predetermined overhead rate for the year.
Note: Round your final answer to two decimal places.
Calculate the amount of overhead applied to Job P
Note: Do not round intermediate calculations.
Calculate the total job cost for Job P
Note: Do not round intermediate calculations.
Calculate the unit product cost for Job P
Note: Do not round intermediate calculations. Round your final answer to two decimal places.
