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Compute the selling price of the unit in jocs

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Question - A company uses job-order costing system with a pre-determined overhead rate based on the machine hours. The total machine hours are 64,000 hours. The variable manufacturing overhead per machine hour is $6 and the estimated total fixed manufacturing overheads cost is $704,000. The additional information for a job order "JOCS" is summarized as follows: Number of units -20 Total machine hours -80 Direct materials -$1400 Direct labor costs -$2,800 The company marks up it unit product costs by 25%. With the provided information, compute the selling price of the unit in JOCS.

Reference no: EM132618355

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