Question: Furniture Plus Manufacturing uses a predetermined overhead allocation rate based on a percentage of direct labor cost. At the beginning of 2020, Furniture Plus estimated

Furniture Plus Manufacturing uses a predetermined overhead allocation rate based on a percentage of direct labor cost. At the beginning of 2020, Furniture Plus estimated total manufacturing overhead costs at $750,000 and total direct labor costs at $500,000. In June, 2020, Furniture Plus completed Job 101. Job data are as follows: Direct materials cost $27,500 Direct labor cost $17,000 Direct labor hours 400 hours Units of product produced 200

Calculate the total job cost of Job 101?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!