P 4. Byte Computer Company, a manufacturing organization, has just completed an order that Grater, Ltd., placed
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P 4. Byte Computer Company, a manufacturing organization, has just completed an order that Grater, Ltd., placed for 80 computers. Direct materials, purchased parts, and direct labor costs for the Grater order are as follows:
Cost of direct materials $36,750.00 Direct labor hours 220 Cost of purchased parts $21,300.00 Average direct labor pay rate $15.25 Overhead costs were applied at a single, plantwide overhead rate of 270 percent of direct labor dollars.
Required Using the traditional costing method, compute the total cost of the Grater order.
Alternate Problems Statement of Cost of Goods Manufactured
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