Copy Center pays an average wage of $12 per hour to employees for printing and copying jobs, and allocates $18 of overhead for each employee hour worked. Direct materials are assigned to each job according to actual cost. Jobs are marked up 20% above total manufacturing cost to determine the selling price. If Job M- 47 used $325 of direct materials and took 20 direct hours of labor to complete, what is the selling price of the job? Multiple Choice O O $822 $1,110. $966 $720.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Copy Center pays an average wage of $12 per hour to employees for printing and copying jobs, and allocates $18 of overhead for each employee hour worked.
Direct materials are assigned to each job according to actual cost. Jobs are marked up 20% above total manufacturing cost to determine the selling price. If Job M-
47 used $325 of direct materials and took 20 direct hours of labor to complete, what is the selling price of the job?
Multiple Choice
O
O
$822
$1,110.
$966.
$720.
by
Transcribed Image Text:Copy Center pays an average wage of $12 per hour to employees for printing and copying jobs, and allocates $18 of overhead for each employee hour worked. Direct materials are assigned to each job according to actual cost. Jobs are marked up 20% above total manufacturing cost to determine the selling price. If Job M- 47 used $325 of direct materials and took 20 direct hours of labor to complete, what is the selling price of the job? Multiple Choice O O $822 $1,110. $966. $720. by
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