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qwelly [4]
2 years ago
8

Let's cost a job. Here is some data. What is the total cost on this job? Direct Materials $1,393 Direct Labor hours incurred to

complete job 138 hours Hourly wage rate for DL workers $25.00 Predetermined Overhead Rate $82 per DL hour
Business
1 answer:
SIZIF [17.4K]2 years ago
7 0

Answer:

$16,159

Explanation:

The computation of the total cost is shown below:

= Direct material cost + Direct labor cost incurred + overhead cost

= Direct materials + Direct Labor hours incurred to complete × hourly wage rate + Direct Labor hours incurred to complete × Predetermined Overhead Rate

= $1,393 + 138 hours × $25 + 138 hours × $82

= $1,393 + $3,450 + $11,316

= $16,159

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Answer:

The correct answer is B.

Explanation:

Giving the following information:

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Under LIFO (last-in, first-out) method, the ending inventory is integrated by the first units incorporated into inventory.

First, we need to calculate the number of units in inventory:

Ending inventory in units= total units for sale - units sold

Ending inventory in units= (490 + 420) - 570= 340 units

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2 years ago
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