$271$ point

VivaVista Manufacturing uses a predetermined overhead rate based on labor$-$hours to apply manufacturing overhead to jobs. Data concerning the company's manufacturing operations for a job in year $2020$ are provided below in the table.

If unadjusted COGS during $2020$ is $$500,000,$ compute the adjusted COGS.

Actual labor$-$hour

$10,000$

Actual manufacturing overhead cost incurred....... $$200,000$

Estimated labor hours......................................... $8,000$

Estimated manufacturing overhead cost............... $$208,000$