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9 February, 04:24

Venus Manufacturing uses a predetermined overhead allocation rate based on a percentage of direct labor cost. At the beginning of the year, it estimated the manufacturing overhead rate to be 20% of the direct labor cost. In the month of Jun Venus completed Job 13C and its details are as follows Direct materials cost Direct labor cost Direct labor hours Units of product produced $6,680 $23,000 34 hours 250 What is the total cost incurred for Job 13C? OA. $27,600 O B. $31,016 O C. $34,280 O D. $11.280

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  1. 9 February, 06:26
    0
    Total Cost Incurred = $34,280

    so correct option is C. $34,280

    Explanation:

    given data

    Direct materials cost = $6,680

    Direct labor cost = $23,000

    Direct labor hours = 34 hours

    Units of product produced = 250

    to find out

    total cost incurred for Job 13C

    solution

    we know here Direct Materials Cost and Direct Labor Cost

    so here Manufacturing Overhead will be

    Manufacturing Overhead = 20% * $23,000

    Manufacturing Overhead = $4,600

    Total Cost Incurred will be

    Total Cost Incurred = Direct Materials Cost + Direct Labor Cost + Manufacturing Overhead ... 1

    put here value we get

    Total Cost Incurred = $6680 + $23000 + $4600

    Total Cost Incurred = $34,280

    so correct option is C. $34,280
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