Shidler College Of Business Operations And Supply Chain Management Assignment Help - ABC Company
Question - ABC Company uses job-order costing. It incurred the following costs for job M301: 20 pounds of raw materials (all direct) were issued to be used for job M301 at a cost of $7 per pound. Three people were assigned to work on Job M301 at a rate of $12 per hour. Records show that a total of 25 direct labor-hours were worked on Job M301. Manufacturing overhead is applied based on direct labor- hours. At the beginning of the year, estimated total manufacturing overhead was $450,000 and the total direct laborhours incurred would be 50,000. Required: Determine the cost assigned to Job M301.
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