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a. $70,010 b. $67,530 c. $77,300 d. 70,610 RevampScamp uses a job-order costing system. It has two manufacturing departments - Fabrication and Assembly. RevampScamp started,
a. $70,010
b. $67,530
c. $77,300
d. 70,610
RevampScamp uses a job-order costing system. It has two manufacturing departments - Fabrication and Assembly. RevampScamp started, completed, and sold only two trailers during January. The following information is available for January 2018: Fabrication Assembly Estimated Total Labor-Hours Used 30 15 Estimated Total Machine-Hours Used 20 50 Estimated Total Fixed Manufacturing Overhead $6,000 $7,000 Estimated Variable Manufacturing Overhead Per $20 per Labor-Hour Labor-Hour Estimated Variable Manufacturing Overhead Per $15 per Machine-Hour Machine-Hour Job A Job B Direct Materials $22,500 $24,500 Direct Labor Cost $2,500 $4,000 Actual Labor-Hours Used Fabrication 9 13 Assembly 23 28 Machine-Hours Used Fabrication 13 18 Assembly 6 8 Assume RevampScamp's accountant calculated the predetermined overhead rate for Fabrication to be $190 per machine-hour and for Assembly to be $220 per direct labor hour. What was RevampScamp's Cost of Goods Sold for January 2018Step by Step Solution
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