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Laramie Companyis a steel fabricator, and job 325 consists of producing 500 steel supports forVermillion, Co.. Overhead is applied on the basis of direct labor
Laramie Companyis a steel fabricator, and job 325 consists of producing 500 steel supports forVermillion, Co.. Overhead is applied on the basis of direct labor hours, using a predetermined overhead rate of $40per hour. Direct costs associated with Job 325 are: direct materials, $16,000; direct labor,350hours at $16per hour.
Calculate the cost of Job 325.
Cost of Job 325 = $???
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