A company uses job-order costing and allocates overhead costs using direct labor hours as the cost driver. At the beginning of the year, the company estimated that its total overhead cost for the year would be $593,000 and its total direct labor hours would be 1,000. During the year, Job X21 incurred $171,000 of material costs, $4,500 of direct labor cost, and 120 direct labor hours. What is the full manufacturing cost for this job? (Round to the nearest dollar.)

A company uses job-order costing and allocates overhead costs using direct labor hours as the cost driver. At the beginning of the year, the company estimated that its total overhead cost for the year would be $593,000 and its total direct labor hours would be 1,000. During the year, Job X21 incurred $171,000 of material costs, $4,500 of direct labor cost, and 120 direct labor hours. What is the full manufacturing cost for this job? (Round to the nearest dollar.)

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Description: A company uses job-order costing and allocates overhead costs using direct laborhours as the cost driver. At the beginning of the year, the company estimated thatits total overhead cost for the year would be $593,000 and its total direct laborhours

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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