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Lime Company manufactures custom-made purses. The following data pertain to Job L4321: Direct materials placed into production: $4,000 Direct labour hours worked: 60 hours Direct
Lime Company manufactures custom-made purses. The following data pertain to Job L4321: Direct materials placed into production: $4,000 Direct labour hours worked: 60 hours Direct labour rate per hour: $15 Machine hours worked: 100 hours Manufacturing overhead is applied using a plantwide rate that is based on direct labour hours. Manufacturing overhead was budgeted at $120,000 for the year, and the direct labour hours were estimated to be 30,000. Job L4321 consists of 50 units. What is the overhead cost assigned to Job L4321?
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