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A company has a job costing system and price jobs using the absorption costing. The cost for Job 300 are as follows: Direct materials 60
A company has a job costing system and price jobs using the absorption costing. The cost for Job 300 are as follows: Direct materials 60 kg @ $5 per kg Direct Labour 40 hours @ $10 per hours Variable productions overhead $7 per direct Labour hour Fixed production overheads are budgeted as $9,000 and are absorbed on the basis of direct labour hours. The total budgeted direct labour hours for the period are 30,000. Other overheads are recovered at the rate of $50 per job. Calculate the total job cost for Job 300
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