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Bolander Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for
Bolander Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine- hour 70,000 $294,000 $ 2.30 Recently, Job M825 was completed with the following characteristics: 20 Number of units in the job Total machine-hours Direct materials Direct labor cost 80 $ 665 $1,840 The total job cost for Job M825 is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $1,185 $2,360 $3,025 $2,505 The following data have been recorded for recently completed Job 450 on its job cost sheet. Direct materials cost was $3,044. A total of 46 direct labor- hours and 104 machine-hours were worked on the job. The direct labor wage rate is $15 per labor-hour. The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $13 per machine-hour. The total cost for the job on its job cost sheet would be: Multiple Choice $4,332 $5,086 $3,734 $3,072
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