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Pinnacle Inc. manufactures curtains to client specifications. It has two cost categories that are directly traced to its products: materials and labor. It also has estimated overhead that consists of: • annual manufacturing supervisor's salary of $144,261 annual manufacturing plant cleaning costs of $134,360 annual manufacturing plant utilities of $135,978 Pinnacle is trying to calculate the cost of making Job #454, which includes: $11.351 in materials 35 hours of labor @ $12 per hour . . The company also expects to use 20,367 labor hours for the year. If Pinnacle allocates overhead based on $250.000 estimated direct labor dollars. what is the total cost ofJob # 454? "Hint, make a job order cost sheet for Job 454. It should include materials, labor, and overhead. Round each step to the nearest 2 decimal places. For your final answer, round to the nearest dollar.

Pinnacle Inc. manufactures curtains to client specifications. It has two cost categories that are directly traced to its products: materials and labor. It also has estimated overhead that consists of: • annual manufacturing supervisor's salary of $144,261 annual manufacturing plant cleaning costs of $134,360 annual manufacturing plant utilities of $135,978 Pinnacle is trying to calculate the cost of making Job #454, which includes: $11.351 in materials 35 hours of labor @ $12 per hour . . The company also expects to use 20,367 labor hours for the year. If Pinnacle allocates overhead based on $250.000 estimated direct labor dollars. what is the total cost ofJob # 454? "Hint, make a job order cost sheet for Job 454. It should include materials, labor, and overhead. Round each step to the nearest 2 decimal places. For your final answer, round to the nearest dollar.

FINANCIAL ACCOUNTING
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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Pinnacle Inc. manufactures curtains to client specifications. It has two cost categories that are directly traced to its products: materials and labor. It also has estimated overhead that consists of: annual manufacturing supervisor's salary of $144,261 annual manufacturing plant cleaning costs of $134,360 annual manufacturing plant utilities of $135,978 Pinnacle is trying to calculate the cost of making Job #454, which includes: $11.351 in materials 35 hours of labor @ $12 per hour . . The company also expects to use 20,367 labor hours for the year. If Pinnacle allocates overhead based on $250.000 estimated direct labor dollars. what is the total cost ofJob # 454? "Hint, make a job order cost sheet for Job 454. It should include materials, labor, and overhead. Round each step to the nearest 2 decimal places. For your final answer, round to the nearest dollar.
Transcribed Image Text:Pinnacle Inc. manufactures curtains to client specifications. It has two cost categories that are directly traced to its products: materials and labor. It also has estimated overhead that consists of: annual manufacturing supervisor's salary of $144,261 annual manufacturing plant cleaning costs of $134,360 annual manufacturing plant utilities of $135,978 Pinnacle is trying to calculate the cost of making Job #454, which includes: $11.351 in materials 35 hours of labor @ $12 per hour . . The company also expects to use 20,367 labor hours for the year. If Pinnacle allocates overhead based on $250.000 estimated direct labor dollars. what is the total cost ofJob # 454? "Hint, make a job order cost sheet for Job 454. It should include materials, labor, and overhead. Round each step to the nearest 2 decimal places. For your final answer, round to the nearest dollar.
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