Small Manufacturing Company has a standard overhead rate of $42 per hour. The labor rate is $20 per hour. Overhead is applied based on direc

Question

Small Manufacturing Company has a standard overhead rate of $42 per hour. The labor rate is $20 per hour. Overhead is applied based on direct labor hours. Jobs B-1 and B-2 were completed during the month of March. Small incurred 140 hours of indirect labor during the month

in progress 0
Dulcie 5 years 2021-07-27T12:56:59+00:00 1 Answers 83 views 0

Answers ( )

  1. Adela
    0
    2021-07-27T12:58:41+00:00
    Reply

    The question is incomplete. The complete question is :

    Small Manufacturing Company has a standard overhead rate of $42 per hour. The labor rate is $15 per hour. Overhead is applied based on direct labor hours. Jobs B-1 and B-2 were completed during the month of March. Small incurred 140 hours of indirect labor during the month. Job B-1 used 82 direct labor hours and $3650 worth of direct material used. Job B-2 used 130 direct labor hours and $2,900 worth of direct material. What is the total cost of job B-2? Round to closest whole dollar (no cents).

    Solution :

    Particulars                                                        Job B-2

    Direct material used                                        $ 2,900

    Add : Direct labor cost (130 hours x $15)       $ 1,950

    Add : overhead cost (130 hours x $ 42)         $ 5,460  

    Total Cost of Job B-2                                      $ 10,310

    Therefore, the total cost of the Job B-2 is $ 10,310.

Leave an answer

Browse

Giải phương trình 1 ẩn: x + 2 - 2(x + 1) = -x . Hỏi x = ? ( )