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The following data have been recorded for recently completed Job P36 on its job cost sheet. Direct materials cost was $3,000. A total of 500
The following data have been recorded for recently completed Job P36 on its job cost sheet. Direct materials cost was $3,000. A total of 500 direct labor-hours and 400 machine-hours were worked on the job. The direct labor wage rate is $11 per labor-hour. The Corporation applies manufacturing overhead on the basis of machine-hours. In addition, estimated overhead costs at the company was $50,000 and estimated number of machine hours was 2,500 at the beginning of the year. Total conversion costs for Job A34 would be:
- 8000
- 8500
- 13500
- 16500
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