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The following costs were incurred on Job No. 150. Materials US$10,000 Wages: Department 1 30 hours at $15 per hour Department 2 20 hours at $10 per hour Department 3 10 hours at $8 per hour Variable Overheads: Department 1 $9 per hour Department 2 $8 per hour Department 3 $7 per hour Fixed Overheads: Estimated at $25,000 for 1,250 normal working hours. What is the cost of Job 150 and the price to give profit of 30% on selling price? Select one: OA. $12,825 and $16,031 O B. $12,605 and $15,756 O C. $12,210 and $17,460 O D. $12,430 and $17,775

The following costs were incurred on Job No. 150. Materials US$10,000 Wages: Department 1 30 hours at $15 per hour Department 2 20 hours at $10 per hour Department 3 10 hours at $8 per hour Variable Overheads: Department 1 $9 per hour Department 2 $8 per hour Department 3 $7 per hour Fixed Overheads: Estimated at $25,000 for 1,250 normal working hours. What is the cost of Job 150 and the price to give profit of 30% on selling price? Select one: OA. $12,825 and $16,031 O B. $12,605 and $15,756 O C. $12,210 and $17,460 O D. $12,430 and $17,775

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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The following costs were incurred on Job No. 150. Materials US$10,000 Wages: Department 1 30 hours at $15 per hour Department 2 20 hours at $10 per hour Department 3 10 hours at $8 per hour Variable Overheads: Department 1 $9 per hour Department 2 $8 per hour Department 3 $7 per hour Fixed Overheads: Estimated at $25,000 for 1,250 normal working hours. What is the cost of Job 150 and the price to give profit of 30% on selling price? Select one: OA. $12,825 and $16,031 O B. $12,605 and $15,756 O C. $12,210 and $17,460 O D. $12,430 and $17,775
Transcribed Image Text:The following costs were incurred on Job No. 150. Materials US$10,000 Wages: Department 1 30 hours at $15 per hour Department 2 20 hours at $10 per hour Department 3 10 hours at $8 per hour Variable Overheads: Department 1 $9 per hour Department 2 $8 per hour Department 3 $7 per hour Fixed Overheads: Estimated at $25,000 for 1,250 normal working hours. What is the cost of Job 150 and the price to give profit of 30% on selling price? Select one: OA. $12,825 and $16,031 O B. $12,605 and $15,756 O C. $12,210 and $17,460 O D. $12,430 and $17,775
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