Calculate the total cost of the job . Valley Enterprises charges $60 per hour for labor and has a 40% materialloading charge. A recent job required 30 hours and $1,500 of materials.Calculate the total cost of the job.a. $2,250b. $3,150c. $3,000d. $3,900

Step 1: Calculate the Labor Cost:• Labor Cost=Hourly Rate * Number of HoursStep 2: Calculate the…

Answered: Valley Enterprises charges $60 per hour…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 1EA: Steeler Towel Company estimates its overhead to be $250,000. It expects to have 100,000 direct labor...

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Valley Enterprises charges $60 per hour for labor and has a 40% material loading charge. A recent job required 30 hours and $1,500 of materials. Calculate the total cost of the job. a. $2,250 b. $3,150 c. $3,000 d. $3,900