Bauer manufacturing uses departmental cost driver rates to allocate manufacturing overhead costs to products. manufacturing overhead costs are allocated on the basis of machine-hours in the machining department and on the basis of direct labor-hours in the assembly department. at the beginning of 2018, the following estimates were provided for the coming year: machining assembly direct labor-hours 80,000 40,000 machine-hours 20,000 20,000 direct labor cost $550,000 $900,000 manufacturing overhead costs $480,000 $280,000 the accounting records of the company show the following data for job #316: machining assembly direct labor-hours 120 55 machine-hours 50 5 direct material cost $250 $150 direct labor cost $125 $375 what are the total manufacturing costs of job #316?

The value of the total manufacturing costs of Job #316 will be $2,485.

Based on the information given, firstly, we need to calculate the direct material cost which will be:

= Machining direct material cost + assemble direct material cost

= $250 + $150

= $400

The direct labor cost will be:

= Machining direct labor cost + assemble direct labor cost

= $125 + $375

= $500

The machining overhead cost will be calculated as:

= Manufacturing overhead costs / machine hours

= $480,000 / 20,000

= $24

The total machining overhead cost will be: = $24 × 50  = $1,200

The assembly overhead cost will be calculated thus:

= Manufacturing overhead costs / direct labor hours

= $280,000 / 40,000

= $7

The total assembly overhead cost will be: = $7 × 55  = $385

Now, the total manufacturing cost will be:

= Direct material cost + direct labor cost + manufacturing overhead cost

=  $400 +  $500 + $1,200 + $385

= $2,485

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The total manufacturing costs of Job #316 is $2,485

Explanation:

As we know that,

The total manufacturing cost = Direct material cost + direct labor cost + manufacturing overhead cost

where,

Direct material cost = Machining direct material cost + assemble direct material cost

= $250 + $150

= $400

The direct labor cost = Machining direct labor cost + assemble direct labor cost

= $125 + $375

= $500

The machining overhead cost equals to

= Manufacturing overhead costs ÷ machine hours

= $480,000 ÷ 20,000

= $24

So, the cost = $24 × 50  = $1,200

And, The assembly overhead cost equals to

= Manufacturing overhead costs ÷ direct labor hours

= $280,000 ÷ 40,000

= $7

So, the cost = $7 × 55  = $385

Now put these values to the above formula

So, the value equals to

=  $400 +  $500 + $1,200 + $385

= $2,485

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