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Schrand Corporation has two production departments, Casting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each production

Schrand Corporation has two production departments, Casting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Casting Department's predetermined overhead rate is based on machine-hours and the Finishing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates:

Casting

Finishing

Machine-hours

17,000

7,000

Direct labor-hours

2,000

15,000

Total fixed manufacturing overhead cost

$

105,400

$

52,800

Variable manufacturing overhead per machine-hour

$

1.70

Variable manufacturing overhead per direct labor-hour

$

3.90

Below is actual information related to Job 215 for the period:

Casting Finishing

Actual machine-hours 325 40

Actual direct labor-hours 50 120

Direct materials $1,200 $530

Direct labor $500 $960

Please compute the total product cost of Job 215.

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