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Knox applies overhead on the basis of 400% of direct labor cost. Job No. 176 is...

Knox applies overhead on the basis of 400% of direct labor cost. Job No. 176 is charged with $120,000 of direct material costs and $130,000 of manufacturing overhead. The total manufacturing costs for Job No. 176 is

Select one:

a. $282,500.

b. $412,500.

c. $250,000.

d. $354,000.

e. not able to be determined from the provided information.

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Answer #1

Direct material cost = $120,000

manufacturing overhead rate = 400% of direct labor cost

Manufacturing overhead = $130,000

Manufacturing overhead = Direct labor cost x manufacturing overhead rate

130,0000 = Direct labor cost x 400%

Direct labor cost = 130,000/400%

= $32,500

Total material cost = Direct material cost + Direct labor cost + Manufacturing overhead

= 120,000 + 32,500 + 130,000

= $282,500

Correct option is (a)

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