Question
Spritzy Company has just completed its first year of operations. During the year they had the following production information. Actual manufacturing overhead $385,000 Direct labor
Spritzy Company has just completed its first year of operations. During the year they had the following production information.
Actual manufacturing overhead | $385,000 |
Direct labor | $361,200 |
Ending materials | $51,000 |
Estimated manufacturing overhead | $425,000 |
Indirect materials | $22,000 |
Material purchases | $575,000 |
In addition to the above information, factory workers are paid $21 per hour. Total factory worker hours were 5% less than estimated.
During the year, Spritzy Company started and completed Job 003. This job consumed 20% of the total direct direct materials used this year and 15% of the direct labor hours. Determine the total cost for Job 003.
Do not enter dollar signs or commas in the input boxes. Round the predetermined overhead to 2 decimal places. Round all other answers to the nearest whole number.
Total Direct Material Costs: $ Total Direct Labor Hours: Answer Total Estimated Direct Labor Hours: Total Estimated Manufacturing Overhead: $ Predetermined Overhead Rate: $ Direct Material Costs Job 003: $ Labor Costs Job 003: $ Manufacturing Overhead Job 003: $ Total Costs Job 003: $
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