Grant Company.
Grant Company uses a job-order costing system and develops its predetermined overhead rate based on machine hours.The company has two jobs in process at the end of the cycle,Jobs #177 and #179.
Budgeted overhead
Budgeted machine hours 85,000
Raw material $63,000
Labor cost
Refer to Grant Company.Labor cost was split 25 percent and 70 percent,respectively,between Jobs #177 and #179 for direct labor.The remainder was indirect labor cost.What are the total costs of Jobs #177 and #179?
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