9. Job 593 was recently completed. The following data have been recorded on its job cost...
9. Job 593 was recently completed. The following data have been
recorded on its job cost sheet:
| Direct materials | $2,412 | |
| Direct labor-hours | 74 | labor-hours |
| Direct labor wage rate | $ 21 | per labor-hour |
| Machine-hours | 137 | machine-hours |
|
The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $22 per machine-hour. The total cost that would be recorded on the job cost sheet for Job 593 would be: |
Homework Answers
Total direct labor=(74 labor hours*$21 per labor hour)
=(74*21)=$1554
Total overhead would be=$22 per machine hour*137 machine hours
=$3014
Hence total cost=Direct materials+Direct labor+Total overhead
=(2412+1554+3014)
=$6980
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