Question
Assume the Metropolis Corporation uses a job-order costing system with a single plant wide predetermined overhead rate based on machine-hours. The company based its predetermined
Assume the Metropolis Corporation uses a job-order costing system with a single plant wide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $237,000, variable manufacturing overhead of $3.90 per machine-hour, and 30,000 machine-hours. The corporation has provided the following data concerning Job M-777 which was recently completed:
What is the total cost of the job? Please show all work and supporting details.
Number of units in the job | 20 |
Total machine-hours | 80 |
Direct materials | $ 500 |
Direct labor cost | $ 2,160 |
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