Howdy,

I am currently struggling with this accounting problem. This problem is related to managerial accounting, and thank you for your help and time!

Hendrix Company has the following information available: Budgeted Direct Labor Hours Budgeted Direct Labor Cost Budgeted Direct Materials Cost Budgeted Machine Hours Budgeted Overhead 40,000 hours $1,000,000 $ 100.000 2,500 hours $800,000 Hendrix is trying to calculate the cost of a specific job - ABC with the following information: Actual Direct Labor Hours Actual Direct Labor Cost Actual Direct Materials Cost Actual Machine Hours 11,000 hours $300,000 $35,000 700 hours Hendrix adds 10% to the cost of the job in order to calculate the selling price. Required Calculate the selling price of job ABC four times allocating overhead based on DL hours, DL cost, DM cost and Machine Hours. DL Hours DL Cost DM Cost Machine Hours Overhead Rate Allocated Overhead Direct Materials Direct Labor Total Cost of ABC Profit Selling Price of Job