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Doakes Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate
Doakes Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data: Total direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per direct labor-hour $ 60,000 378,000 2.20 Recently, Job M843 was completed with the following characteristics: 60 Number of units in the job Total direct labor-hours Direct materials Direct labor cost $ $ 120 630 2,400 If the company marks up its unit product cost by 40%, what is the selling price of this job
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