How much was the cost per unit of finished product

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Question - Irene Manufacturing uses a predetermined overhead allocation rate based on a percentage of direct labor cost. At the beginning of the year, the company estimated total manufacturing overhead costs at $1,000,000 and total direct labor costs at $820,000. In June, Job 711 was completed. The details of Job 711 are shown below.

Direct materials cost $20,500

Direct labor cost $11,000

Direct labor hours 500 hours

Units of product produced 200 units

Required - How much was the cost per unit of finished product?

Reference no: EM132568832

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