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Total manufacturing cost

A company assigns overhead cost to completed jobs on the basis of 116% of direct labor cost. The job cost sheet for Job 413 shows that $23,936 in direct materials has been used on the job and that $10,400 in direct labor cost has been incurred. A total of 1,450 units were produced in Job 413.

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12y ago

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Abel companys manufacturing overhead is 20 percent of its total conversion costs If direct labor is 38000 and if direct material are 47000 the manufacturing overhead is?

Well, honey, if manufacturing overhead is 20% of total conversion costs, and direct labor is $38,000 and direct materials are $47,000, then total conversion costs would be $38,000 + $47,000 = $85,000. So, if manufacturing overhead is 20% of that, it would be 0.20 x $85,000 = $17,000. So, the manufacturing overhead would be $17,000.


Is manufacturing overhead same as manufacturing cost?

No. Cost would include the cost of materials. Overhead would not.


Variable manufacturing overhead cost per direct labor hour?

Variable manufacturing overhead cost per direct labor hour means the variable overhead cost spent for one single labor hour and formula is as follows:Variable overhead cost per labor hour = total variable overhead cost / Total direct labor hours


When calculating total cost do you add in variable manufacturing overhead fixed manufacturing overhead or both?

Following is the formula for total costtotal cost = fixed overheads + variable overheads + direct labor + direct material


What is One potential cause of Total Manufacturing Overhead Variance?

If the estimated materials, labor or overhead costs allocated for a manufacturing order is different from the actual cost of the MO then the potential result is a Manufacturing Overhead Variance.


Is Manufacturing cost is overhead or variable?

Manufacturing cost is variable cost.


Is commission manufacturing overhead cost?

No -- commission is Sales overhead cost.


Is Direct material cost combined with manufacturing overhead cost is known as conversion cost?

false, direct labor and manufacturing overhead = conversion cost


Manufacturing overhead - fixed or variable cost?

Compute the actual and budgeted manufacturing overhead rate


Is salary of factory manager a period cost?

Salary of factory manager is Manufacturing overhead. and Manufacturing overhead is Product costs. So, It's not period cost.


Direct materials plus direct labor plus variable overhead equals?

Total Manufacturing Cost


Is total cost different from overhead cost?

Overhead cost is part of total cost and not different from total cost as formula is as follows: Total cost = material cost + labor cost + overhead cost