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Williams Company uses a job-order costing system. Assume that Job #504 is the only one in process. The following information is available: Budgeted direct labor
Williams Company uses a job-order costing system. Assume that Job #504 is the only one in process. The following information is available:
Budgeted direct labor hours | 65,000 | Budgeted machine hours | 9,000 |
Budgeted overhead | $350,000 | Direct material | $110,500 |
Direct labor cost | $70,000 |
Refer to Williams Company. What is the total cost of Job #504 assuming that overhead is applied at the rate of 135% of direct labor cost (rounded to the nearest whole dollar)?
Select one:
a. $268,250
b. $275,000
c. $329,675
d. $192,650
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