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Laramie Companyis a steel fabricator, and job 325 consists of producing 500 steel supports forRichetti Company. Overhead is applied on the basis of direct labor
Laramie Companyis a steel fabricator, and job 325 consists of producing 500 steel supports forRichetti Company. Overhead is applied on the basis of direct labor hours, using a predetermined overhead rate of $20per hour. Direct costs associated with Job 325 are: direct materials, $16,000; direct labor,200hours at $12per hour.
Calculate the cost of Job 325.... can you explain the way to achieve the answer
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