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Buddy Company has just completed its first year of operations. During the year, Buddy Company purchased $ 5 4 5 , 0 0 0 of

Buddy Company has just completed its first year of operations. During the year, Buddy Company purchased $545,000 of materials. The year-end balance reported in the raw materials account was $52,000. Of the raw materials used, $25,000 worth was considered as indirect materials and entered into manufacturing overhead.
Buddy Company incurred $1,056,000 in total direct labor wages during the year. Factory workers are paid $22 per hour. Total manufacturing overhead during the year was $454,000, which was $26,000 less than estimated. Total factory worker hours were 20% less than estimated. Buddy Companys manufacturing overhead was allocated using direct labor hours as the allocation base. Buddy Company charges any overallocated or underallocated manufacturing overhead to cost of goods sold.
During the year, Buddy Company started and completed Job 003. This job consumed 20% of the total direct materials used this year and 25% of the direct labor hours. Determine the total cost for Job 003.
Do not enter dollar signs or commas in the input boxes.
Round the predetermined overhead to 2 decimal places. Round all other answers to the nearest whole number.
Total Direct Material Costs: $
Answer field 1
Total Direct Labor Hours:
Answer field 2
Total Estimated Direct Labor Hours:
Answer field 3
Total Estimated Manufacturing Overhead: $
Answer field 4
Predetermined Overhead Rate: $
Answer field 5
per direct labor hour
Direct Material Costs Job 003: $
Answer field 6
Labor Costs Job 003: $
Answer field 7Manufacturing Overhead Job 003: $
Answer field 8
Total Costs Job 003: $
Answer field 9

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