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Question 4 (5 points) Mark Sportswear manufactures a specialty line of T-shirts using a job order cost system. During May, the following costs were incurred

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Question 4 (5 points) Mark Sportswear manufactures a specialty line of T-shirts using a job order cost system. During May, the following costs were incurred in completing Job ICU2: direct materials $13,700, direct labor $4,800, administrative costs $1,400, and selling costs $5,600. Factory overhead was allocated at the rate of $25 per machine hour, and Job ICU2 required 800 machine hours. If Job ICU2 resulted in 7,000 good shirts, the product cost per shirt would be: $5.50 $6.50 $5.70 $6.30 Previous Page Next Page Page 4 of 20

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