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K Love It Industries manufactures custom-designed playground equipment for schools and city parks. Love It expected to incur $664,000 of manufacturing overhead cost, 41,500 of
K Love It Industries manufactures custom-designed playground equipment for schools and city parks. Love It expected to incur $664,000 of manufacturing overhead cost, 41,500 of direct labor hours, and $1,079,000 of direct labor cost during the year (the cost of direct labor is $26 per hour). The company allocates manufacturing overhead on the basis of direct labor hours. During May, Love It completed Job 304. The job used 165 direct labor hours and required $15,100 of direct materials. The City of Eastbridge has contracted to purchase the playground equipment at a price of 28% over manufacturing cost. Read the requirements. Requirement 1. Calculate the manufacturing cost of Job 304. First identify the formula, then calculate the predetermined overhead rate. + Requirements = Predetermined overhead rate per hour Print = 1. Calculate the manufacturing cost of Job 304. 2. How much will the City of Eastbridge pay for this playground equipment? Done Xx Clear all Check answer
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