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Superior Tire manufactures tires for all-terrain vehicles. Superior uses job costing and has a perpetual inventory system. On November 22, Superior received an order
Superior Tire manufactures tires for all-terrain vehicles. Superior uses job costing and has a perpetual inventory system. On November 22, Superior received an order for 100 TX tires from ATV Corporation at a price of $60 each, The job, assigned number 298, was promised for December 10. After purchasing the materials, Superior began production on November 30 and incurred the following direct labor and direct materials costs in completing the order: (Click the icon to view the costs.) Superior allocates manufacturing overhead to jobs on the basis of the relation between expected overhead costs ($410,000) and expected direct labor hours (20,500) Job 298 was completed on December 3 and shipped to ATV on December 5. Read the requirements
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