Job 593 was recently completed. The following data have been recorded on its job cost sheet:Direct materialsDirect labor-hours$2,41474 labor-hoursDirect labor wage rate $17 per labor-hourMachine-hours137 machine-hoursThe Corporation applies to manufacture overhead on the basis of machine hours. The predetermined overhead rate is $18per machine hour. The total cost that would be recorded on the job cost sheet for Job 593 would be:a. $3,462b. $3,672c. $6,978d. $6,138

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Answered: Job 593 was recently completed. The…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Job 593 was recently completed. The following data have been recorded on its job cost sheet: Direct materials Direct labor-hours Direct labor wage rate Machine-hours $2,474 73 labor-hours $19 per labor-hour 134 machine-hours The Corporation applies to manufacture overhead on the basis of machine hours. The predetermined overhead rate is $20 per machine hour. The total cost that would be recorded on the job cost sheet for Job 593 would be: a. $7,381 b. $3,865 c. $6,541 d. $3,861

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