Question

The following data have been recorded for recently completed Job 450 on its job cost sheet. Direct materials cost was $2,057. A total of 37 direct labor-hours and 194 machine-hours were worked on the job. The direct labor wage rate is $24 per labor-hour. The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $33 per machine-hour. The total cost for the job on its job cost sheet would be: Multiple Choice $6,722 $9,347 $6,303 $11,492

Answer 1

B. $9,347

Step-by-step explanation:

Total direct labor = 37 direct labor hours * $24

Total direct labor = $888

Total overhead = $33 * 194 machine hours

Total overhead = $6,402

Total cost for the job = Direct materials + Direct labor + Overheads

Total cost for the job = 2057+888+6402

Total cost for the job = $9,347