Homework Answers
| Overhead rate | 24.03% | = 141185 / 587654 |
| Direct labor cost | 228 | = 12 * 19 |
| Direct materials cost | 2098 | |
| Overhead applied | 504 | = 2098 * 24.03% |
| Total cost of job 45344 | 2830 |
Break even
= Fixed costs / (Selling price - Variable costs)
= 1,385,000 / (84 - 23)
= 22,705 units
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Question 1 12 pts Imani is the controller for Extreme Enterprises, a manufacturing firm that makes processing chips for phones and computers. Each order is considered a "job" for the firm. Imani has direct costs related to Job 45344 as follows: • 8 hours of labor @ $30 per hour and $2,261 of materials In addition, Extreme estimates its overhead related to the manufacture of chips to be $101,053 for the year. The company expects to do 70,485 jobs for...
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