The following data have been recorded for recently completed Job 323 on its job cost sheet. Direct materials cost was $2,260. A total of 37 direct labor-hours and 141 machine-hours were worked on the job. The direct labor wage rate is $13 per labor-hour. The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $14 per machine-hour. The total cost for the job on its job cost sheet would be:$3,259$2,741$4,715$2,287

Question

Aubrey Thomas

Business

11 October, 02:27

The following data have been recorded for recently completed Job 323 on its job cost sheet. Direct materials cost was $2,260. A total of 37 direct labor-hours and 141 machine-hours were worked on the job. The direct labor wage rate is $13 per labor-hour. The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $14 per machine-hour. The total cost for the job on its job cost sheet would be:$3,259$2,741$4,715$2,287

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Answers (1)

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Scarlett Ray · Answer 1

The correct answe is $4715

Explanation:

First, we need to accommodate the information provided:

Job 323:

direct materials = $2260

direct labor hours = 37

machine hours = 141

The cost of direct hours is $13. Based on a predetermined overhead rate, machine hours cost $14.

Total cost for the job = 2260 + 37*13 + 141*14

Total cost for the job = $4715.