Question
Wallaby Way Manufacturing uses a job-order costing system and has three jobs that were completed this period: Job 302, Job 304, and Job 314. Job
Wallaby Way Manufacturing uses a job-order costing system and has three jobs that were completed this period: Job 302, Job 304, and Job 314. Job 302 Job 304 Job 314 Actual direct materials 5,000 6,000 17,000 Actual direct labor 5,200 4,500 16,500 Actual machine hours 250 475 350 The firm budgeted overhead was $50,000 and it actually incurred $60,000 in overhead. Budgeted machine hours, the cost driver, was 2,500. The firm actually used 2,400 machine hours overall. What is the total job cost for Job 314? Selected Answer: d. $42,250 Answers: a. $40,500 b. $7,000 c. $8,750 d. $42,250
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