Take me to the text Amicable Company has just completed its first year of operations. During...
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Take me to the text Amicable Company has just completed its first year of operations. During the year, Amicable Company purchased $524,000 of materials. The year-end balance reported in the raw materials account was $53,000 $35,000 of the raw materials consumed was considered as indirect materials and entered into manufacturing overhead. Amicable Company incurred $1,127,000 in total direct labor wages during the year Factory workers are paid $23 per hour. Total manufacturing overhead during the year amounted to $396,000, which was $33,000 less than estimated. Total factory worker hours were 10% less than estimated. Amicable Company's manufacturing overhead was allocated using direct labor hours as the allocation base. Amicable Company charges any over or under allocated manufacturing overhead to cost of goods sold. During the year, Amicable Company started and completed Job 003. This job consumed 15% of the total direct direct materials used this year and 25% 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: $ Take me to the text Amicable Company has just completed its first year of operations. During the year, Amicable Company purchased $524,000 of materials. The year-end balance reported in the raw materials account was $53,000 $35,000 of the raw materials consumed was considered as indirect materials and entered into manufacturing overhead. Amicable Company incurred $1,127,000 in total direct labor wages during the year Factory workers are paid $23 per hour. Total manufacturing overhead during the year amounted to $396,000, which was $33,000 less than estimated. Total factory worker hours were 10% less than estimated. Amicable Company's manufacturing overhead was allocated using direct labor hours as the allocation base. Amicable Company charges any over or under allocated manufacturing overhead to cost of goods sold. During the year, Amicable Company started and completed Job 003. This job consumed 15% of the total direct direct materials used this year and 25% 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: $
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