Kemp Machine Works collects its production cost data by job order cost accumulation. For Job 909, the

Question:

Kemp Machine Works collects its production cost data by job order cost accumulation. For Job 909, the following data are available:

Factory overhead is applied at the rate of $80 per machine hour. Ten machine hours were used on Job 909 on September 20.
Required:
(1) Enter the appropriate information on a job order cost sheet.
(2) Determine the sales price of the job, assuming that it was contracted with a markup equal to 65% of production cost.