Estimates for the current year were as follows: Total manufacturing overhead: $300,000 Total machine hours: 3,000 Total labor hours: 6,000 Total labor cost: $120,000 The Victor's Valves (a customer!) parts paint job (done last week) consisted of the following: 5 labor hours 10 machine hours $250 in Direct materials $200 in Direct labor What was the total cost of the (Victor's Valves) job? (for full or any potential partial credit, clearly show some work/calculations)

Answer rating: 100% (QA)

To calculate the total cost of the job for Victors Valves we need to consider both direct and indire... View the full answer