Wilmington Company charges $50 per hour for labor and has a 35% material loading charge. A recent job required 25 hours and $1,000 of materials. Calculate the total cost of the job. A. $1,350 B. $2,600 C. $3,037.50 D. $2,250

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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Wilmington Company charges $50 per hour
for labor and has a 35% material loading
charge. A recent job required 25 hours and
$1,000 of materials. Calculate the total cost
of the job.
A. $1,350
B. $2,600
C. $3,037.50
D. $2,250
Transcribed Image Text:Wilmington Company charges $50 per hour for labor and has a 35% material loading charge. A recent job required 25 hours and $1,000 of materials. Calculate the total cost of the job. A. $1,350 B. $2,600 C. $3,037.50 D. $2,250
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