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10 December, 01:45

Bonita Industries applies overhead on the basis of 150% of direct labor cost. Job No. 176 is charged with $300000 of direct materials costs and $75000 of manufacturing overhead. The total manufacturing costs for Job No. 176 is

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  1. 10 December, 04:49
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    The total manufacturing costs of job 176 is $425,000.00

    Explanation:

    The total manufacturing costs for Job No. 176 is given by:

    Total manufacturing costs=Direct materials+Direct labor+Manufacturing overhead.

    Direct materials=$300000

    Manufacturing overhead = $75000

    Direct labor is unknown

    The direct can be calculated using the formula:

    Manufacturing overhead = 150% of direct labor

    Assuming direct labor cost is X

    $75000=150%*X

    X=$75000/150%

    X=75000/1.5

    X=$50000

    Since the cost of labor is now known, total costs of the job is computed thus:

    Total costs=$300000+$50000+$75000

    Total costs of job 176=$425000
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Home » Business » Bonita Industries applies overhead on the basis of 150% of direct labor cost. Job No. 176 is charged with $300000 of direct materials costs and $75000 of manufacturing overhead. The total manufacturing costs for Job No. 176 is
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