Question
Just for theHalibut, Inc. designs and manufactures custom made fishing rods. On June1, it had one job started for Misterjaw with a beginning Work in
Just for theHalibut, Inc. designs and manufactures custom made fishing rods. On June1, it had one job started for Misterjaw with a beginning Work in Process balance of$525. During June the job was finished and sold. Direct labor for the job in June was$75 and direct materials used were$60. Direct laborers are paid a wage rate of$15 per hour and manufacturing overhead is applied to production at a rate of$9 per direct labor hour. The company marks up costs35% to determine the selling price. What was the selling price of thejob?
A.
$891.00
B.
$1,059.75
C.
$939.60
D.
$951.75
E.
$923.40
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