Copy Center pays an average wage of $12 per hour to employees for printing and copying jobs,and allocates $18 of overhead for each employee hour worked.Materials are assigned to each job according to actual cost.If Job M-47 used $350 of materials and took 20 hours of labor to complete,what is the total cost that should be assigned to the job?
A)$590
B)$600
C)$380
D)$950
E)$710

Question

Quizplus · Accepted Answer

To calculate the total cost assigned to the job, we need to add the cost of labor, cost of materials, and the overhead cost.

Cost of labor: 20 hours x $12/hour = $240
Cost of materials: $350
Overhead cost: 20 hours x $18/hour = $360

Total cost assigned to the job:
$240 + $350 + $360 = $950

Therefore, the best choice is D.

Copy Center Pays an Average Wage of $12 Per Hour