the following data have been recorded for recently completed job 323 on its job cost sheet.\n• direct…

the following data have been recorded for recently completed job 323 on its job cost sheet.\n• direct materials cost was $2,260.\n• a total of 37 direct labor-hours and 141 machine-hours were worked on the job.\n• the direct labor wage rate is $13 per labor-hour.\nthe corporation applies manufacturing overhead on the basis of machine-hours. the predetermined overhead rate is $14 per machine-hour. how much would be the total cost for the job on its job cost sheet?\na) $4,715\nb) $2,287\nc) $2,741\nd) $3,259

the following data have been recorded for recently completed job 323 on its job cost sheet.\n• direct materials cost was $2,260.\n• a total of 37 direct labor-hours and 141 machine-hours were worked on the job.\n• the direct labor wage rate is $13 per labor-hour.\nthe corporation applies manufacturing overhead on the basis of machine-hours. the predetermined overhead rate is $14 per machine-hour. how much would be the total cost for the job on its job cost sheet?\na) $4,715\nb) $2,287\nc) $2,741\nd) $3,259

Answer

Explanation:

Step1: Calculate direct labor cost

Direct labor cost = Direct labor - hours × Direct labor wage rate. So, (37\times13 = 481).

Step2: Calculate manufacturing overhead cost

Manufacturing overhead cost = Machine - hours × Predetermined overhead rate. So, (141\times14=1974).

Step3: Calculate total cost

Total cost = Direct materials cost + Direct labor cost + Manufacturing overhead cost. (2260 + 481+1974=4715).

Answer:

A. $4,715