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6 April, 14:52

Our company pays an average wage of $12 per hour to employees for printing and copying jobs, and allocates $18 of overhead for each employee hour worked. Materials are assigned to each job according to actual cost. If Job M-47 used $260 of materials and took 15 hours of labor to complete, what is the total cost that should be assigned to the job

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  1. 6 April, 15:11
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    Job M-47 cost assinged $710

    Explanation:

    the cost is the sum of the three main component

    materials

    direct labor

    manufacturing overhead (MO)

    we will calculate each of this for the Job M-47 add them together to get total cost

    Job M-47

    material 260

    15 labor hours

    Direct Labor 15 labour hours x 12 labor rate = 180

    MO 15 labour hours x 18 overhead rate = 270

    Total Cost materials + labor + manufacturing overhead = 710
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