Precision Manufacturing uses a predetermined overhead rate based on machine hours. The following information is available for Job #2023: • Direct materials used: $5,800 Direct labor hours: 250 • Direct labor rate per hour: $12 • • Machine hours: 180 Predetermined overhead rate per machine hour: $1,200 Calculate the total manufacturing cost for Job #2023.

Precision Manufacturing uses a predetermined overhead rate based on machine hours. The following information is available for Job #2023: • Direct materials used: $5,800 Direct labor hours: 250 • Direct labor rate per hour: $12 • • Machine hours: 180 Predetermined overhead rate per machine hour: $1,200 Calculate the total manufacturing cost for Job #2023.

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter4: Accounting For Factory Overhead

Section: Chapter Questions

Problem 10E: Compute the total job cost for each of the following scenarios: a. If the direct labor cost method...

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Job 910 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 The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $19 per machine-hour. The total cost that would be recorded on the job cost sheet for Job 910 would be: Multiple Choice $7,236 $3,793 $3,720 $6,396 Prev $ 2,461 2 of 7 74 labor-hours $ 18 per labor-hour 137 machine-hours Next