Answered step by step
Verified Expert Solution
Question
1 Approved Answer
PC-plus makes and sells customised high-functioning gaming computers. PC-plus uses a normal job costing system to keep track of its product costs. At the end
PC-plus makes and sells customised high-functioning gaming computers. PC-plus uses a normal job costing system to keep track of its product costs. At the end of the month January 2023 , the following information is available: - Job \#1 was started in December 2022 with $3,400 committed to its production before the start of January 2023. - Jobs \#2 and 3 were started in January 2023. - Jobs \#1 and 2 were completed in January 2023 - Job \#3 were completed in February 2023. - The following costs were incurred in relation to the production of the three jobs in January 2023. At PC-plus, workers were paid at $20 per hour. Manufacturing overhead is allocated at a budgeted rate of $6 per direct labour hour. Required: Determine the total costs of goods manufactured in PC-plus in January 2023. Show full workings. (4 marks)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started