Wilson Corporation uses a job-order costing system with a single plant-wide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $105,000, variable manufacturing overhead of $3.00 per machine-hour, and 70,000 machine-hours. The company recently completed Job Q543 which required 2700 labor hours and 2500 machine hours. total direct labor was $ 80,000. total direct material was $ 150,000. Total manufacturing cost of Job Q543 was closest to: A) $270,000 B) $242,000 C) $241,000 D) $230,000

Wilson Corporation uses a job-order costing system with a single plant-wide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $105,000, variable manufacturing overhead of $3.00 per machine-hour, and 70,000 machine-hours. The company recently completed Job Q543 which required 2700 labor hours and 2500 machine hours. total direct labor was $ 80,000. total direct material was $ 150,000. Total manufacturing cost of Job Q543 was closest to: A) $270,000 B) $242,000 C) $241,000 D) $230,000

Name: Wilson Corporation uses a job-ordercosting system with a single plant
Uploaded: 2024-03-20T06:33:06.000Z
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Description: Wilson Corporation uses a job-ordercosting system with a single plant-widepredetermined overhead rate based onmachine-hours. The company based itspredetermined overhead rate for thecurrent year on total fixed manufacturingoverhead cost of $105,000,

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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