Question
13. Job #2333 incurred the following during production: Direct Materials: $5,000 Manufacturing labor: 35 hours Packaging materials: $100 Packing and shipping labor: 0.5 hours The
13. Job #2333 incurred the following during production:
Direct Materials: | $5,000 |
Manufacturing labor: | 35 hours |
Packaging materials: | $100 |
Packing and shipping labor: | 0.5 hours |
The following data is also available for the company:
Overhead costs for the period: | $30,000 |
Indirect Labor (machine maintenance): | 4 hours |
The company incurs costs at the following rates:
Manufacturing labor: | $30/hour |
Auxiliary labor (maintenance, packaging, etc.): | $25/hour |
Overhead allocation: | $30/dollar of manufacturing labor |
Given this information, what was the total cost of the job that was transferred from Work in Process Inventory to the Finished Goods Inventory?
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