Question: Ivanhoe, Ing. allocates overhead based on a predetermined overhead rate of $3.90 per direct labor hour. Employees are paid $13.50 per hour Job 24 requires

Ivanhoe, Ing. allocates overhead based on a predetermined overhead rate of $3.90 per direct labor hour. Employees are paid $13.50 per hour Job 24 requires 5.7 pounds of direct materials at a cost of $16.50 per pound. Employees worked a total of 19.0 hours to complete thejob. Actual manufacturing overhead costs totaled $95000 for the year for the company. How much is the cost of Job 24? $1353 $425 5168 $351

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