Wilson Corporation uses a job-order costing system with a single plant-wide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $105,000, variable manufacturing overhead of $3.00 per machine-hour, and 70,000 machine-hours. The company recently completed Job Q543 which required 2700 labor hours and 2500 machine hours. total direct labor was $ 80,000. total direct material was $ 150,000. Total manufacturing cost of Job Q543 was closest to: A) $270,000 B) $242,000 C) $241,000 D) $230,000

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Wilson Corporation uses a job-order
costing system with a single plant-wide
predetermined overhead rate based on
machine-hours. The company based its
predetermined overhead rate for the
current year on total fixed manufacturing
overhead cost of $105,000, variable
manufacturing overhead of $3.00 per
machine-hour, and 70,000 machine-hours.
The company recently completed Job
Q543 which required 2700 labor hours and
2500 machine hours. total direct labor was
$ 80,000. total direct material was $
150,000. Total manufacturing cost of Job
Q543 was closest to:
A) $270,000
B) $242,000
C) $241,000
D) $230,000
Transcribed Image Text:Wilson Corporation uses a job-order costing system with a single plant-wide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $105,000, variable manufacturing overhead of $3.00 per machine-hour, and 70,000 machine-hours. The company recently completed Job Q543 which required 2700 labor hours and 2500 machine hours. total direct labor was $ 80,000. total direct material was $ 150,000. Total manufacturing cost of Job Q543 was closest to: A) $270,000 B) $242,000 C) $241,000 D) $230,000
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