(Appendix) Laton Mechanical uses a job order costing system. During July 1998, the company worked on two...

Question:

(Appendix) Laton Mechanical uses a job order costing system. During July 1998, the company worked on two production runs of the same product, a trailer hitch component. These units were included in Jobs #918 and #2002. Job #918 consisted of 1,200 units of the product, and Job #2002 contained 2,000 units. The hitch components are made from 1/2" sheet metal. Because the trailer hitch component is a product that is routinely produced for one of Laton’s long-term customers, standard costs have been developed for its production. The standard cost of material for each unit is $4.50; each unit contains 6 pounds of material. The standard direct labor time per unit is 6 minutes for workers earning a rate of $20 per hour. The actual costs recorded for each job were as follows: image text in transcribed