Question: Elliott Company uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs. The company manufactures tools to customer specifications. The following
Elliott Company uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs. The company manufactures tools to customer specifications. The following data pertain to Job 1501:
|
| Direct materials used....................................................... | $4,200 |
|
| Direct labor-hours worked.............................................. | 300 |
|
| Direct labor rate per hour................................................ | $8.00 |
|
| Machine-hours used........................................................ | 200 |
|
| Predetermined overhead rate per machine-hour.............. | $15.00 |
What is the total manufacturing cost recorded on Job 1501?
| a. | $8,800 | |
| b. | $9,600 | |
| c. | $10,300 | |
| d. | $11,100 |
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