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ABC, Inc. uses a predetermined overhead rate based on machine-hours. To allocate manufacturing overhead costs, at the beginning of the year, the company made the
ABC, Inc. uses a predetermined overhead rate based on machine-hours. To allocate manufacturing overhead costs, at the beginning of the year, the company made the following estimates:
Total budgeted manufacturing overhead costs: | $743,143 |
Budgeted fixed manufacturing overhead costs: | $371,572 |
Machine-hours required to achieve the budgeted production: | 200,000 |
During the year, job #107 was started and completed. This job required 223 machine-hours, 372 hours of direct labor at a total cost of $370, and direct materials totaling $300.
REQUIRED: Determine the total cost of job #107 (round to the nearest whole number, do not use decimals).
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