SJ INC. purchased 1,000 units of materials X at 5 per unit on January 2020 and another 1,000 units at 8 per unit on November 2020. Ending raw materials is 300 units. The company uses FIFO. Payroll data shows; 125 working hours at a rate of 40 per hour. Regular working hours is only 100 hours. OT rate premium is 30%.OT hours, if any is due to company's fault. OH rate is 80% of total Direct Labor cost. What is the manufacturing cost?

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To calculate the manufacturing cost well need to consider the cost of materials direct labor and ove... View the full answer