Prime Construction completed a job that used materials costing $25,000 and labor $35,000. If they apply overhead at 80% of direct labor cost and want a 25% profit margin on total cost, what is the selling price. Wrong Answer

Prime Construction completed a job that used materials costing $25,000 and labor $35,000. If they apply overhead at 80% of direct labor cost and want a 25% profit margin on total cost, what is the selling price. Wrong Answer

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 2PA: York Company Is a machine shop that estimated overhead will be $50,000, consisting of 5,000 hours of...

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