The year-end balance reported in the raw materials account was $53,000. $26,000 of the raw materials...

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The year-end balance reported in the raw materials account was $53,000. $26,000 of the raw materials consumed was considered as indirect materials and entered into manufacturing overhead. Amicable Company incurred $1,232,000 in total direct labor wages during the year. Factory workers are paid $28 per hour. Total manufacturing overhead during the year amounted to $385,000, which was $38,000 less than estimated. Total factory worker hours were 15% less than estimated. Amicable Company's manufacturing overhead was allocated using direct labor hours as the allocation base. Amicable Company charges any over or under-allocated manufacturing overhead to cost of goods sold. During the year, Amicable Company started and completed Job 003. This job consumed 20% of the total direct direct materials used this year and 25% of the direct labor hours. Determine the total cost for Job 003. Do not enter dollar signs or commas in the input boxes. Round the predetermined overhead to 2 decimal places. Round all other answers to the nearest whole number. Total Direct Material Costs: $511000 Total Direct Labor Hours: 44000 Total Estimated Direct Labor Hours: Total Estimated Manufacturing Overhead: $423000 Predetermined Overhead Rate: $ Englis Direct Material Costs Job 003: $102200 Labor Costs Job 003: $ x Manufacturing Overhead Job 003: $ Total Costs Job 003: The year-end balance reported in the raw materials account was $53,000. $26,000 of the raw materials consumed was considered as indirect materials and entered into manufacturing overhead. Amicable Company incurred $1,232,000 in total direct labor wages during the year. Factory workers are paid $28 per hour. Total manufacturing overhead during the year amounted to $385,000, which was $38,000 less than estimated. Total factory worker hours were 15% less than estimated. Amicable Company's manufacturing overhead was allocated using direct labor hours as the allocation base. Amicable Company charges any over or under-allocated manufacturing overhead to cost of goods sold. During the year, Amicable Company started and completed Job 003. This job consumed 20% of the total direct direct materials used this year and 25% of the direct labor hours. Determine the total cost for Job 003. Do not enter dollar signs or commas in the input boxes. Round the predetermined overhead to 2 decimal places. Round all other answers to the nearest whole number. Total Direct Material Costs: $511000 Total Direct Labor Hours: 44000 Total Estimated Direct Labor Hours: Total Estimated Manufacturing Overhead: $423000 Predetermined Overhead Rate: $ Englis Direct Material Costs Job 003: $102200 Labor Costs Job 003: $ x Manufacturing Overhead Job 003: $ Total Costs Job 003:

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Amicable Company Job 003 Cost Calculation 1 Total Estimated Direct Labor Hours Since total factory worker hours were 15 less than estimated we need to ... View the full answer