Question

MC Qu. 159 Copy Center pays an average wage... Copy Center pays an average wage of $11 per hour to employees for printing and copying jobs, and allocates $17 of overhead for each employee hour worked. Materials are assigned to each job according to actual cost. If Job M-47 used $300 of materials and took 20 hours of labor to complete, what is the total cost that should be assigned to the job

Answer 1

Answer:

$860

Explanation:

Materials cost = $300

Labor cost = Labor hours * Wages per hour

Labor cost = 20 hours * $11

Labor cost = $220

Overhead cost = $17 * 20 hours

Overhead cost = $340

Total cost = Materials cost + Labor cost + Overhead cost

Total cost = $300 + $220 + $340

Total cost = $860

So, the total cost that should be assigned to the job is $860.