Session Corporation uses a job-order costing system with a single plantwide pred

Question

Session Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data: 04638Total direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per direct labor-hour 70,800 $511,00e 2.10 Recently, Job K913 was completed with the following characteristics Total direct labor-hours Direct materials Direct labor cost 150 $ 705 $4,650 The total job cost for Job K913 is closest to: (Round your intermediate calculations to 2 decimal places.)

Explanation / Answer

Answer is $6765 Pre-determined OH rate: Total Fixed manufacturing OH /Total DLH = $511,000 /70,000 = $7.30 per DLH Total cost of Job: Material 705 Labour 4650 OH (150 hours @(7.30+2.10)) 1410 Total Cost 6765

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