Additional information on job 400- one of many jobs worked on this period.ItemOpening balance -$90,000Direct material cost for the period- $70,000Direct labour cost for the period- $80,000Machine hours in Milling- 2,000 hrsMachine hours in finishing- 100 hrsLabour hours in Milling- 250 hrsLabour hours in Finishing- 1,000 hrsUnits produced within the job- 20,000 units

Product costing Part 1 - Job Costing LMV Company runs numerous jobs through its two departments; materails for the job are added in Milling, and the a job proceeds through Finishing Information estimates on the entire factory for the period Milling Dept. Finishing Total for Dept. factory Estimated labour (hours) 10,000 50,000 60,000 Estimated machine (hours) 30,000 5,000 35,000 Estimated overhead ($) 600,000 1,200,000 1,800,000 Notes: All jobs go through Milling and then through Finishing Overall the factory is considered on balance as labour intensive; Finishing is especially labour intensive but Milling is machine intensive