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14 June, 13:53

Calico Corporation produced 2 comma 500 units in Job 903. The following data is provided for Job 903 for the year: Direct materials used $ 3 comma 200 Direct labor costs $ 1 comma 092 Actual manufacturing overhead rate per direct labor hour $17.15 Predetermined manufacturing overhead rate per direct labor hour $ 18.60 Direct labor hours used in Job 903 42 Direct labor rate per hour $ 26 What is the total cost of Job 903? (Round intermediary calculations to the nearest cent and final answer to the nearest dolla

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  1. 14 June, 14:09
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    The total cost of Job 903 is $5,073.20

    Explanation:

    The computation of the total cost is shown below:

    = Direct material used + Direct labor cost + overhead cost (Predetermined manufacturing overhead rate per direct labor hour * Direct labor hours used in Job 903)

    = $3,200 + $1,092 + ($18.60 * 42 labor hours)

    = $3,200 + $1,092 + $781.20

    = $5,073.20
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