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Jordan Furniture Company produces customized office furniture and uses Job Costing system. The Company applies Manufacturing Overhead to jobs based on Direct Labor Hours (D.L.H).
Jordan Furniture Company produces customized office furniture and uses Job Costing system. The Company applies Manufacturing Overhead to jobs based on Direct Labor Hours (D.L.H). The budgeted overhead rate for year 2020 was $15/D.L.H. During year 2020, the company completed working on Job A200. Direct material for Job A200 was $7,000, while direct labor for the Job was $9000, which was paid at the rate of $20 per DLH. The company resulted in 200 units produced, out of which 120 units were sold. Calculate the cost of units sold (show calculations in the provided space bellow)
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