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The PR ZOOM company uses a budgeted overhead allocation rate based on machine hours to compute the cost of its product. The budgeted allocation
The PR ZOOM company uses a budgeted overhead allocation rate based on machine hours to compute the cost of its product. The budgeted allocation rate for 2021 was $2.00. At the end of 2021, total material costs used were $300,000, total direct labor costs were $350,000, total manufacturing overhead costs actually incurred were $60,000, and total machine hours actually worked were 20.000. Total jobs performed during 2021 was 300. Job #625 required a total direct materials of $1,615, total direct labor of $350, and total machine hours of 150. Calculate the cost of job # 625. a. $2,115 b. $2,366.67 c. $2.265 d. $2,415
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