8 9 10 QUESTION 1 Sivret Corporation uses a joborder costing

8 9 10 QUESTION 1 Sivret Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: otal machine-hours otal fixed manufacturing overhead cost ariable manufacturing overhead per machine-hour Recently. Job M598 was completed with the following characteristics: 80,000 624 $3.10 60 Total machine-hours Direct materials Direct labor cost 645 $9,000 The total job cost for Job M598 is closest to: $12,915 O$9,645 $12,270 $3,915 Click Save and Submit to save and submit. Click Save All Answers to save all answers.

Solution

Dear Student thankyou for using chegg Please refer the following answer and gives thumbsup Calculation of total job cost for job M98 : Particulars Amount(in $) Direct Material Cost(A) 645 Direct Labour Cost(B) 9000 Variable cost © 930 (300 machine hours * $3.1 per hour) Total Variable cost(A+B+C) 10575 Add: Fixed cost 2340 ($624000/80000machine hours*300machine hours) Total Job Cost(10575+2340) 12915 So answer is part 1 that is $12915