Ask Question
9 September, 02:37

Job 910 was recently completed. The following data have been recorded on its job cost sheet: Direct materials $ 2,428 Direct labor-hours 75 labor-hours Direct labor wage rate $ 20 per labor-hour Machine-hours 132 machine-hours The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $21 per machine-hour. The total cost that would be recorded on the job cost sheet for Job 910 would be:

a. $3,928

b. $7,540

c. $4,024

d. $6,700

+5
Answers (1)
  1. 9 September, 02:59
    0
    The correct answer is D.

    Explanation:

    Giving the following information:

    Direct materials $ 2,428

    Direct labor-hours 75 labor-hours

    Direct labor wage rate $ 20 per labor-hour

    Machine-hours 132 machine-hours

    The Corporation applies manufacturing overhead based on machine-hours. The predetermined overhead rate is $21 per machine-hour.

    To calculate the total cost, first, we need to calculate the cost of direct labor and allocated overhead:

    direct labor = 75 hours * $20 = $1,500

    Allocated overhead = Estimated manufacturing overhead rate * Actual amount of allocation base

    Allocated overhead = $21*132 = $2,772

    Now, we can calculate the total cost:

    Total cost = direct material + direct labor + manufacturing overhead

    Total cost = 2,428 + 1,500 + 2,772 = $6,700
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Job 910 was recently completed. The following data have been recorded on its job cost sheet: Direct materials $ 2,428 Direct labor-hours 75 ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers