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Question 29 4.7 pts Garnett Toy Company has the following budgeted and actual cost data relating to job number TB78, which was a hand-made teddy
Question 29 4.7 pts Garnett Toy Company has the following budgeted and actual cost data relating to job number TB78, which was a hand-made teddy bear. The teddy bear was started and completed in the current period. It has not yet been sold, Total Budgeted costs to produce Job #TB78: Budgeted Quantity Budgeted Price/Rate 11 yards 56 per yard 40 hours $13 per hour 40 hours $2 per hour $66 Direct Materials Direct Labor Manuf. Overhead Total Budgeted Cost 520 80 $666 Total Actual costs to produce Job #TB78: Actual Quantity Actual Price/Rate 10 yards $5 per yard 50 hours $12 per hour 50 hours $2.50 per hour $50 Direct Materials Direct Labor Manuf. Overhead Total Actual Cost 600 125 $775 Manufacturing overhead is allocated on the basis of direct labor hours. Using normal costing, job number TB78 would be carried in finished goods inventory at a cost of
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