Wyman Company is a graphic design shop that produces jobs to customer specifications.During January,Job #3051 was worked on and the following information is available:
Directmeterial uged $\$ 2,500$
Directlabor hors worked 15
Mectrine time used 6
Direct labor rate per hour $7
Overhead application rate per hour of machine time $18
What was the total cost of Job #3051 for January?

Question

Wyman Company is a graphic design shop that produces jobs to customer specifications.During January,Job #3051 was worked on and the following information is available:
Directmeterial uged                    $\$ 2,500$
Directlabor hors worked                  15
Mectrine time used                             6
Direct labor rate per hour                   $7
Overhead application rate per hour of machine time                  $18
What was the total cost of Job #3051 for January?

Quizplus · Accepted Answer

Total cost of Job #3051 = Direct material used + Direct labor cost + Overhead costDirect labor cost = Direct labor hours worked * Direct labor rate per hour= 15 * $7 = $105Overhead cost = Machine time used * Overhead application rate per hour of machine time= 6 * $18 = $108Total cost of Job #3051 = $2,500 + $105 + $108 = $2,713

Wyman Company Is a Graphic Design Shop That Produces Jobs $2,500\$ 2,500$2,500

Wyman Company Is a Graphic Design Shop That Produces Jobs $\$ 2,500$