Ask Question
22 October, 16:59

The following data have been recorded for recently completed Job 323 on its job cost sheet. Direct materials cost was $2,118. A total of 40 direct labor-hours and 257 machine-hours were worked on the job. The direct labor wage rate is $18 per labor-hour. The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $22 per machine-hour. The total cost for the job on its job cost sheet would be:

a. $5,867

b. $10,637

c. $8,492

d. $5,448

+5
Answers (1)
  1. 22 October, 18:30
    0
    Option (c) is correct.

    Explanation:

    Given that,

    Direct materials cost = $2,118

    Total direct labor-hours = 40

    Total machine hours = 257

    Direct labor wage rate = $18 per labor-hour

    Predetermined overhead rate = $22 per machine-hour

    Total cost for the job:

    = Direct materials cost + Direct labor cost + Overhead cost

    = $2,118 + (40 hours * $18 per hour) + (257 hours * $22 per machine hour)

    = $2,118 + $720 + $5,654

    = $8,492
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The following data have been recorded for recently completed Job 323 on its job cost sheet. Direct materials cost was $2,118. A total of 40 ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers