Question
Tillman Corporation uses a job-order costing system and has two production departments, M and A. Budgeted manufacturing costs for the year are: Department M Department
Tillman Corporation uses a job-order costing system and has two production departments, M and A. Budgeted manufacturing costs for the year are:
Department M | Department A | |
Direct materials | $700,000 | $100,000 |
Direct labour | 200,000 | 800.000 |
Manufacturing overhead | 600.000 | 400.000 |
Actual material and labor costs charged to Job No. 432 during the year were as follows:
direct material | $25,000 | |
Direct labour: | ||
Department M | $8,000 | |
Department A | 12,000 | |
20,000 | ||
45.000 |
Tillman applies manufacturing overhead to production orders on a direct labor cost basis using predetermined departmental rates at the beginning of the year based on the annual budget.
Find the total annual manufacturing costs associated with Job No. 432.
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