Sunshine Interior Design expects its designers to work a total of 28,000 direct labor hours during...
Sunshine Interior Design expects its designers to work a total of 28,000 direct labor hours during the upcoming year and are paid $700,000. Estimated total indirect costs are $336,000. The indirect cost allocation rate is based on direct labor hours.
What is the total cost of Job 628 that used 12 hours of labor time?
Round to the nearest whole number. Do not include dollar signs or commas in your answer.
Homework Answers
Total cost of Job 628-
Direct labor cost (700,000/28,000)*12 $ 300
Indirect labor (336,000/28,000)*12 $ 144
Total job cost $ 444
The formula to arrive at the cost allocated for indirect expense is total cost divided by total direct labor.
Since the job involve only 12 hour of time,hence figures are 12 hour.
Please comment for any explanation.
Thanks,
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