Mathematics · Cost Accounting - Job Costing
A company operates a job costing system. Job number 506 requires $64 of direct materials and 7 hours of direct labor. Direct labor is paid $8 per hour. Production overheads are absorbed at the rate of $20 per direct labor hour and non-production overheads at a rate of 60% of prime cost. What is the total cost of job number 506?
- 1$448
- 2$416
- 3$352
- 4$332✓
Correct answer
$332
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