Question: Please explain how you got the answer: At the beginning of the year, a company estimated that 20,000 direct labor-hours would be required for the
Please explain how you got the answer:
At the beginning of the year, a company estimated that 20,000 direct labor-hours would be required for the periods estimated level of production. The company also estimated $140,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $1.50 per direct labor-hour.
Assume that Job X used $200 in direct materials, $288 of direct labor, and 35 direct labor-hours.
What is the total job cost for Job X?
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