Question

The following data have been recorded for recently completed Job 674 on its job cost sheet....

The following data have been recorded for recently completed Job 674 on its job cost sheet. Direct materials cost was $2,102. A total of 41 direct labor-hours and 197 machine-hours were worked on the job. The direct labor wage rate is $23 per labor-hour. The company applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $25 per machine-hour. The total cost for the job on its job cost sheet would be:

Multiple Choice

  • $4,926

  • $10,115

  • $7,970

  • $5,345

Business   Accounting   
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Answer #1

Option 3rd is correct.i.e $7,970

Particulars Workings Amount($)
Direct Material -                    2,102
Direct Labor 41 direct labor-hours * $23.00 per labor-hour                       943
Manufacturing overhead 197 machine-hours * $25.00 per machine-hour                    4,925
Total cost                    7,970
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