Question

g Our company pays an average wage of $12 per hour to employees for printing and copying jobs, and allocates $18 of overhead for each employee hour worked. Materials are assigned to each job according to actual cost. If Job M-47 used $350 of materials and took 20 hours of labor to complete, what is the total cost that should be assigned to the job

Answer 1

Answer:

Total cost= $950

Explanation:

Giving the following information:

Direct labor= $12 per hour

Manufacturing overhead= $18 for each employee hour worked.

Job M-47:

used $350 of materials and took 20 hours of labor to complete

We need to calculate the total cost of Job M-47:

Total cost= direct material + direct labor + allocated overhead

Total cost= 350 + 12*20 + 18*20

Total cost= $950